Nobody downloaded yet

Starting A Business - Essay Example

Comments (0) Cite this document
Summary to essay on topic "Starting A Business"
Chunky Corn, Inc. would be engaged in the processing of genetically engineered corn. The end-products, which would be sold in local groceries, include ready-to-eat corn in packs of 3s; whole kernel corn in small and medium-sized easy-to-open tin cans; and corn chips…
Download full paper
Starting A Business
Read TextPreview

Extract of essay "Starting A Business"

Download file "Starting A Business" to see previous pages... Another source I can take advantage of is to borrow money from friends or relatives, who have more than sufficient cash and willing to lend.1
Aside from these sources, I can also borrow from the bank and utilize available credit lines that specifically meet my needs as a start-up entrepreneur.
Let us write or edit the essay on your topic "Starting A Business" with a personal 20% discount.. Try it now
In addition to banks, there are other lending facilities such as investment companies and private lenders from where I can borrow money.2 Should money from these sources fall short, I can also use my credit card as an alternative.
However, it should be noted that resorting to these borrowing institutions or facilities for capital requirement entails the payment of interest. This means that on top of the principal amount, I will have to pay the interest or cost of borrowing. Failure to service arising obligations from my borrowings in these institutions may result to piling interest, which can surge meteorically, thus, doubling the debt amount to be repaid. Such would have adverse effects not only on the financial position of the company but also the reputation in the market.
I can also present my business plan to venture capitalists, who would be willing to share the burden of the risk by providing capital for the proposed business. In considering this option, I would still have to think about the terms and conditions of the capital provision of the venture capitalist. This is because such may result in me, the business owner, having less control over the operations of the company. Some venture capitalists prefer to have direct participation in running the business.3
In addition, I can seek funding from organizations that extend grants to deserving entrepreneurs. For example, I can apply for funding assistance from American Express Small Business Assistance that supports small businesses. There are also other government agencies that can be excellent sources of grants and loans for starting a business.4
Government Agencies and Regulations to Deal with
Before I can start manufacturing and selling the Chunky Corn products, I would have to apply for licenses in the Food & Drug Administration (FDA), which provides voluntary pre-marketing consultations that would help examine if the biotechnology food, in this case the corn products, meet the regulatory standards for safety.5
In dealing with the FDA, I would have to ensure that the products I would be offering to the public conform to the Federal Food, Drug and Cosmetic Act. Under this regulation, the manufacturer, Chunky Corn, Inc., is legally responsible to produce these safe products under sanitary conditions. Furthermore, since my products are made from genetically engineered corns, my application may have to undergo special review by the FDA to find out if levels of toxicants in my food products are substantially higher than present in other edible varieties of same corn species.6
In terms of labeling, the company should adhere to labeling standards such that labels accurately describe the corn products by its common name and reveal important facts associated with the claims made. The labels should also be truthful and not misleading.7
Aside from licenses on the products, I would also have to deal with other government agencies for other aspects of the business. For example, I would have to deal with the local office of the Secretary of State for ...Download file "Starting A Business" to see next pagesRead More
Cite this document "Starting A Business"
  • APA
  • MLA
  • CHICAGO
(“Starting A Business Essay Example | Topics and Well Written Essays - 750 words”, n.d.)
Starting A Business Essay Example | Topics and Well Written Essays - 750 words. Retrieved from https://studentshare.org/miscellaneous/1521827-starting-a-business
(Starting A Business Essay Example | Topics and Well Written Essays - 750 Words)
Starting A Business Essay Example | Topics and Well Written Essays - 750 Words. https://studentshare.org/miscellaneous/1521827-starting-a-business.
“Starting A Business Essay Example | Topics and Well Written Essays - 750 Words”, n.d. https://studentshare.org/miscellaneous/1521827-starting-a-business.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document
CHECK THESE SAMPLES - THEY ALSO FIT YOUR TOPIC "Starting A Business"
Starting a Business Online
Unlike in the typical business store, the staff has to explain to each and every customer the features and benefits of each product. However, when running an online store, the features and benefits of each product is already provided and the customer can just browse each item.
4 Pages(1000 words)Essay
Starting Your Own Business
The store will focus on the local market and will concentrate especially upon the merchandises that are desired by the young population within the New York City. The business will start with a finance of USD 20000 from own capital of the owner along with business loan of USD 25000.
7 Pages(1750 words)Essay
Starting a Business
After a long time of thinking and contemplating about taking this step, I started performing a SWOT (Strengths, Weaknesses, Opportunity, and Threat) analysis to evaluate the possible advantages and disadvantages that would be derived from such a move (Fine, 2009).
3 Pages(750 words)Essay
Starting a business online, Part II
The ethical dilemma involved is that as a young enterprise, my business needs the extra cash but then at what expense. Is it at the expense of the store’s identity? I would therefore not sell the domain since the store’s physical location on Jersey Shore has been boardwalk has been known to customers, it would be ethically wrong to sell its online address.
3 Pages(750 words)Essay
Starting Business
Over the last two decades, buy-outs of established companies have become a global phenomenon. Increased competition, though shortening product life cycles, and growing product complexity give an edge to buyout of a company over starting a new venture; start-ups can be an important source of ideas for larger companies.
12 Pages(3000 words)Essay
Starting A Business Essay
This would be sold in leading grocery and convenient stores. There are various ways to raise capital1 for financing the bottled water business. First of all, I may use personal funds that may be in the form of savings or proceeds from sales of my property and other valuable belongings.
3 Pages(750 words)Essay
Starting a small business
These businesses are of many kinds. There are partnerships which includes two or more than two partners bringing their tangible and intangible assets into working for one common purpose. Then there are sole proprietorships in which the person is the sole responsible for the business (Cyril, 1984).
2 Pages(500 words)Essay
Explain the advantages and disadvantages of starting a business from scratch, franchises, and existing businesses
This essay briefly describes the advantages/disadvantages of starting a business from the scratch or buying out an existing business, and considers the specific case of a franchise option. Starting from the scratch denotes a high risk-reward situation.
2 Pages(500 words)Essay
You are looking ahead to starting a business after graduation. A colleague recommended that the two of you begin developing a plan now to determine how funds will be obtained to launch the business and support operations. You both agree that the business
This is because of the limitation where they only consider banks that have been operational for over two years. Small start-ups also suffer the problem of not being able to raise the
3 Pages(750 words)Essay
There are more benefits of starting a business in a high cost economy than a low cost economy: Discuss
the essay brings out high economy being advantageous to start a business in compared to low economy (Champ & Freeman, 2001). Named in the essay are the low cost economies and high cost economies. Low cost economy is that which the population
6 Pages(1500 words)Essay
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Let us find you another Essay on topic Starting A Business for FREE!
Contact us:
+16312120006
Contact Us Now
FREE Mobile Apps:
  • About StudentShare
  • Testimonials
  • FAQ
  • Blog
  • Free Essays
  • New Essays
  • Essays
  • Miscellaneous
  • The Newest Essay Topics
  • Index samples by all dates
Join us:
Contact Us