New Business Essay

1093 words - 4 pages

About a year ago my buddy Jeremy Jackson started a business. He was going to school and found it very hard to find a decent job here in Chico. Due to the large amount of students and the lack of businesses their just wasn't enough jobs to go around. Jeremy always had a way of making things work; you could see it in his everyday life. He doesn't come from a family with much money so he was basically on his own. So after a few months of being unemployed and analyzing this small town Jeremy figured it out. Just about every semester he noticed the kids moved to different houses and apartments, not really sure why they didn't stay where they were at but it really didn't matter. So what was Jeremy thinking? Moving company! This wasn't only for students, but for all people in the area, kids to old people. So he started by advertising in the phone books because he knew it took more then a couple months for the new phonebooks to reach the people. Next he called all the moving companies in Northern California and got their pricing and policies and compared them. After analyzing the local moving companies he realized that their wasn't a single company that provided moving services for people only moving a small amount of belongings. Also you had to book them 4-6 weeks in advance and had to go by their schedule. This sounded like a real inconvenience to Jeremy. So low and behold Jackson's Moving Company for people that didn't have a thousand dollars to spend on moving.
So Jackson's Moving Company has been in business for just over a year now and it is very busy doing moves everyday. Jeremy started by doing the moves himself and with one other buddy. That worked great but as the business grew he didn't have the time to be moving people all day, he had to focus on management and keeping the business running smoothly. So Jeremy hired a few of his friends to do the moves. This was great now he really didn't have to lift nothing but a telephone and he was making money and so were his friends. Now the company had about five employees and everyone was happy. This company was now completely self sufficient and the best part, practically zero overhead, Jeremy didn't even own a truck, instead he had the customers rent a U-Haul. This was considerably cheaper then using another moving company that provided a truck the customers didn't seem to mind at all.

When asked what he liked most about owning his own company he simply replied, the money. He finished school and now has a full time job aside from the moving company and makes great money. It only took a few months from the idea to the first day of business and then just a few weeks to reach a positive cash flow and that was only to cover the price of advertising in the phone books. He didn't have to borrow any money to start so he knew he was safe and this venture could only be a good thing. When asked if he ever doubted if this company would work he replied "Nope, people...

Find Another Essay On New Business

Creating and Managing a New Business Venture

2449 words - 10 pages The main aim of this assignment is to discuss and critically analyze the purpose of creating and managing a new venture. This will include discussing and critically analyzing various disputes concerning subjects such as, the entrepreneur, the business idea, the opportunity innovation, pre start up and post start up. Following on from this it is therefore also imperative to discuss some of the challenges that arise with new start up businesses in

Products and Services of Our New Business

1169 words - 5 pages Products and Services of Our New Business The products that we are selling are cloths. Our products are going to be hats (trucker style), T-shirts, and stickers. The goal that we have put forth is to just get our products out there. Our products are going to be long lasting, durable, and very stylish. We plan on producing clothes that are made to the specifications of the consumer and to their style of liking

Business Proposal to Implement New IT Infastructure

4554 words - 18 pages Business Proposal to Implement New IT Infastructure 1.0 - INTRODUCTION Welcome to the Information Technology Era! Ever since the Stone Age, Man has begun the quest of improving the efficiency of life. Today, this mission continues and the hottest topic in our company, as a matter of fact, is to unite our business with the Information Technology. Information Technology general means the acquisition

How Entrepreneurs Identify New Business Opportunities

1483 words - 6 pages defines an entrepreneur as “a person who organizes and manages any enterprise, especially a business, usually with considerable initiative and risk.”( Entrepreneurs are people who see opportunities in everyday situations. Entrepreneurs discover opportunities in areas others do not. Entrepreneurs additionally envision the possibilities the future brings that others do not recognize. Similarly, did a

new business model in emerging market

762 words - 3 pages New Business Model In Emerging Markets Perkembangan bisnis di kawasan emerging market memang dipandang masih menggiurkan. Perusahaan multinasional dari barat berekspektasi kedepannya akan terjadi pertumbuhan 70% pada daerah emerging market. Daerah tersebut diantaranya adalah Cina, India dan Brazil. Cara yang dianggap tepat oleh banyak perusahaan untuk berkompetisi dalam emerging markets adalah memotong cost dan juga meminimalkan margin

Compensation plan for a new business

4938 words - 20 pages successful career in the spa industry give C Side Resort Spa a chance. In addition to direct compensation, C Side Resort offers a competitive benefits package. Qualifications Undergraduate degree in Business, Management or related field, 5 years of spa and salon management experience 5+ years management experience in a fast-paced spa/salon, hospitality, or retail environment preferred Must be highly motivated with excellent interpersonal

Full Finance report for New business idea

7105 words - 28 pages 0 250820444 250627318 250524029 250670299 250672633 250695979 250682975 Business 2257 Section 003 - SH2355 Ian Dunn & Richard Bloomfield June 16, 2014 Word Count: 2,380 1 Executive Summary As Mary Smith, considering the re-opening of Carswell Cinema, it is determined to be an infeasible enterprise and is recommended that the municipality of Edgeville should not proceed with supporting renovations to the building. After analyzing industry

The Role of Educational Institutions in New Business Trends

1158 words - 5 pages The Role of Educational Institutions in New Business Trends Jon-Arild Johannessen, a professor of Management and Innovation at Harstad University and Bjørn Olsen, a professor of Management and Organizational Behaviour at Bodø Graduate School of Business, Norway (2010) asserted “with this economic landscape, knowledge itself became a key factor of production—specifically, knowledge related to identifying and exploiting new ways to

The Role of Educational Institutions in New Business Trends

1163 words - 5 pages Jon-Arild Johannessen, a professor of Management and Innovation at Harstad University and Bjørn Olsen, a professor of Management and Organizational Behaviour at Bodø Graduate School of Business, Norway (2010) asserted “with this economic landscape, knowledge itself became a key factor of production—specifically, knowledge related to identifying and exploiting new ways to establish temporary competitive advantage” (p. 502). However, consider

New Trends In E-Business: E-Government And M-Commerce

1329 words - 5 pages has given consumers cheaper products and services, instant delivery, no sales tax and information availability. The changes in the Internet and World Wide Web technologies and services lead to new developments in the way E-government efforts provide services to citizens and businesses, and in the way government handles their internal operations. Evolution of E Business One of the biggest benefits of the Internet is its ability to allow

Propping: New Share Issues of Pakistani Business Group Firms

2725 words - 11 pages ownership in pyramid structure (Bertrand & Mullainathan, 2003). A pyramidal type of ownership structure within business groups allows families being at the top of such a pyramid to control firms in the group. In particular, we analyze the nature of new share issues of Pakistan firms, focusing on patterns of cash rights by affiliated and non-affiliated firms during the period 2001–2007. In Section 2, we present a brief review of the literature on

Similar Essays

Starting A New Business Essay

2350 words - 9 pages Introduction As Regina Meyers contemplates opening a Satanic coffeehouse in her hometown, she must make a number of critical business decisions related to business organization, ownership, structure, and management. A number of her friends and family members have expressed interest in partnering with her or simply being involved. As Regina’s legal adviser, I have been asked to provide advice to her on a variety of topics outlined below

Global Business Strategies, Hypothetical New Business Plan

5801 words - 23 pages IntroductionStarting a new business presents opportunity and challenges, which are compounded when established in a foreign country. There are many facets to consider in the development of an international business such as the location, political, social, and economical climates of the host country. All play an intricate role in the overall success of a fledgling business. Research becomes a continual process that begins with determining that a

Business Plan For New Airline Essay

1795 words - 7 pages Business Plan for New Airline HausAir Mission Statement HausAir fixed base operation will provide the highest quality of flight instruction and comfortable charter services to the public; without compromising an ounce of safety, at a price lower than the competition. Human Resources/ Management Functions Breakdown of initial staff to begin at HausAir. (1) Manager/Owner Jason Bushouse (1) Assistant Manager Jeff Doyle (5

New Business: Business Grow Strategies For A Mobile Sanwich Trailer

1849 words - 7 pages consultants to set up the restaurant, the menu and help with the grand opening. The foundations of a successful business need to be addressed and planned for prior to Kelly opening the doors of her new business. The foundation of her business will be the success or failure of her company. Growth Strategy There are four basic things that Kelly has to organize and prioritize for her business growth strategy; marketing, operations, finance, and human