Entrepreneurship Experience Paper

Submitted By jrhart18
Words: 613
Pages: 3
Open Document
After being in your Entrepreneurship and New Venture class this semester, I am definitely interested in starting my own business in the future. The passion and enthusiasm you showed about the success of your businesses was truly inspiring. I would like to open a restaurant sometime after I retire from hopefully being a CPA. Because I plan to open the restaurant after I retire, I would be present nearly everyday for managerial purposes. One of the main things I will strive to install at my restaurant will be hospitality. As you discussed with us many times, as well as Gary Head when he came to our class, knowing your customers and treating them well will help any business succeed. I want my customers to feel comfortable coming to eat at any time and for any occasion. As manager and owner I would like to get to know my customers on a personal, friendlier level. As we learned in class, Fayetteville has a fairly high failure rate with restaurants so I will probably not locate the restaurant in Fayetteville. I would like to have to restaurant somewhere in the Arkansas Delta, which is where I am from. To help my business succeed I will differentiate my restaurant so that it is incomparable to any other restaurant in the area. Whether I open a steakhouse, or a seafood restaurant, or a supper club, or any other types of restaurant will just depend on what competitors are in the area. I will also look for trends in the current restaurant market to find out what types of restaurants are the most successful. Another strategy in one day opening my own restaurant is targeting the middle to upper-class. I want to open an establishment that is considered to be a higher quality and classier restaurant, so I will target couples making higher incomes. I feel that if I can aim towards building a small, but loyal customer base then word-of-mouth will help generate more and more customers. I mean let’s be honest, people are going to trust their friends’ opinions. If I can get a decent amount of customers at the start of my business, then I will encourage them to spread the word about my restaurant to fellow friends and family members. As I learned first hand with the business plan, any business is going
Show More

Related Documents: Entrepreneurship Experience Paper

Essay about Entrepreneurs Are Born and Made

this view comes from a ten year (1985-1994) literature review of entrepreneurship and business education that showed "…most of the empirical studies surveyed indicated that entrepreneurship can be taught, or at least encouraged, by entrepreneurship education" (Gorman, Hanlon and King, 1997, p. 63). The fact that some of the same researchers may be involved in the teaching of entrepreneurship courses, finding that entrepreneurship cannot be taught would be put themselves and many of their colleagues…

Words 2143 - Pages 9

Creative Industries and Higher Education Essay

Department for Culture, Media and Sport Creative Industries Division Developing Entrepreneurship for the Creative Industries Making the case for Public Investment 2 Developing Entrepreneurship for the Creative Industries Foreword by James Purnell MP, Minister for Creative Industries and Tourism and Chair of the Creative Industries Higher and Further Education Forum In 1998 and again in 2001, the Department published a Creative Industries Mapping Document which allowed for the first time the…

Words 3777 - Pages 16

paper final F

Entrepreneurial is Germany? The Institutional Context of Entrepreneurship and Business Start Up Costs in Germany in International Comparison Course: International Entrepreneurship Research & Practice Abstract The importance of entrepreneurial activities is integral to a nation’s economic growth. This paper reviews the results of the 2000 Global Entrepreneur Monitor (GEM) country report with a sole focus on Germany in evaluating its degree of entrepreneurship. The factors examined include the costs, legal…

Words 4875 - Pages 20

Tourism In India

Sustainable socio-economic Growth is an important need of the present world and it has mammoth possibility in the area of tourism sector and Multi-activity in tourism through which the visitor has an opportunity to have firsthand experience with multiple occupations and activities, rural products, traditional and cultural food and the daily life of the people of the host country. In India, Strategic initiatives for development of tourism sector have been taken and must be given top priority because…

Words 947 - Pages 4

reflection essay

Entrepreneurship Reflection Essay Ana Becker HCS/567 Entrepreneurship in Health Care October 8th, 2014 Kelley Imlay Entrepreneurship Reflection Essay Entrepreneurs are always trying to come up with new ideas or trying to improve procedures which make this a new innovated idea that will make them different from others. “The way to improve the U.S. health care system is through innovation and entrepreneurism” (Herzlinger & McPherson, 2009, p. 2). This paper will state…

Words 1033 - Pages 5

Essay about University of North TexasAkthamRES 9311141001 Fundamentals

University of North Texas Aktham RES 9311-141001 Fundamentals of Business Research Final Paper Session 6: Final Course Research Paper Professor: Dr. (Thanasak Ruankaew) Introduction The purpose of this paper is to review the value of business studies as a useful research methodology for understanding entrepreneurship and business development in Examine published research and statistical techniques. The literature of Business research is very extensive. This is evidenced by the…

Words 1850 - Pages 8

Essay about Henley PG Business And Management Broch

be joining one of the world’s leading business schools, as our triple accredited rating puts us in the top 1% globally. You’ll learn from internationally-renowned academic experts and thought leaders who have relevant experience in international business, marketing, entrepreneurship, human resource management, energy studies and accounting. You’ll also benefit from our close connections with international organisations and senior industry leaders as well as our involvement in high profile academic…

Words 6043 - Pages 25

Feitag Brothers Case Study

How did the two Freitag brothers became innovated and entrepreneurs? 1993, Switzerland Markus Freitag, an art student in living in Zurich then needed a waterproof bag to hold his paper worksheets against the damp Swiss winters. He lived near a freeway where a lot of trucks covered in robust tarpaulin, passed by. Tarpaulins are known for it’s high resistance against water and have the ability to keep everything in one place. It was ideal for covering things while moving. Hence, due to this reason…

Words 1684 - Pages 7

Structural Orientation Essay

Contents Abstract ………………………………………………………………………………………………………………………2 Section one: 1. Introduction…………………………………………………………………………………………………………….3-6 Section two: Literature Review and Research Questions 1. Entrepreneurial orientation Definition…………………………………………………………………….7-9 2. 3. Autonomous………………………………………………………………………………………………………….9-11 4. 5. Innovativeness…………………………………………………………………………………………….….………….11 6. 7. Risk Taking…………………………………………………………………………………………………….……..11-12 8. 9. Pro…

Words 17622 - Pages 71

Syllabus: Venture Capital Investment Essay

which they invest. GRADING: (a) Fifty percent (50%) of the final grade will be based on the preparation of a twenty (20) to twenty-five (25) page paper, with thirty-five percent (35%) being allocated to the written paper and fifteen percent (15%) to an oral presentation of the paper by a working group of two to four students on May 7, 2013. Paper topics will be discussed in greater detail on February 5, 2013, the second week of the semester. (b) Forty percent (40%) of the…

Words 982 - Pages 4