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Reflective Essay On Small Business

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During this semester I had a very interesting module which is “Business in action” where I learned many things that helped me in those months and more others things that I really need in the future to setup a professional and comfortable life. Business in action has taught us an overview about what a business is and its main points.
A business is an activity of profit motive providing goods and services to meet the expectations of customers. This definition gives business its real meaning which is interesting, and seems easy to reach but in the reality doesn't look to be that simple. In this course, we learned about the role of the financial manager within the firm and the goal for making financial choices that include perspectives of both managers and customers in the aim to satisfy the consumers, which …show more content…

An entrepreneur is ready to set his financial guarantee and job in risk for an idea, passing time on a doubtful adventure, most of the recent famous entrepreneurs thought in the same way and apply it. Entrepreneurial projects ask the undertaker who arrange for money, materials, experienced employees needed for producing goods or providing services. The entrepreneur controls everything including the market, sales, and delivery. Entrepreneurship is far different from running a business currently in existence, or selling products, or even working for someone’s company for a salary; there is much difference between small businesses and entrepreneurial enterprise which is well seen, when small businesses are seeking for well-known and developed goods, whereas entrepreneurial enterprise are going to break the new.
There are four functions of management which are planning, organizing, leading and controlling. Planning includes reviewing the actual situation and to generate a plan which will authorizes the organization to achieve its determined intention and

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