Eight dos and don'ts for beginning a successful business are discussed in this article. The Guardian Magazine, 6 January 2017, is where the article was originally published. It falls within the small business network category, according to the publication. The editorial gives suggestions for business owners planning to launch small firms. In his opening paragraph, the author warns the readers about the difficulties faced by startup investors. His opinions are supported by his experiences working for small businesses and by the strategies he developed to deal with setbacks. The focus of the article is on what entrepreneurs should do and what they should avoid doing in order to build successful businesses.
Advantages for Small Business Owners
For owners of small businesses, the article has many advantageous ramifications. The value of the internet by readers, who also recognize how "to a business start-up and how it enhances management. Additionally, the publication endorses self-assessments and SWOT analysis as essential tools in understanding one’s abilities. The author asserts that businesses are expected to advance their ploys in preparing for possible business events (Leech 2017). This approach encourages new investors to carry on without the fear of competitors. The author argues that most businesses operate according to market forces and not plans. Therefore, a commerce should focus on customer’s experiences as a way of creating sustainability.
Relationship to the Textbook
The article relates to the textbook in the human resources chapter five under the subtopic of small businesses. Scholars point out that a trade is deemed as a small business if an independent proprietor manages it for income and it does not dominate in its field (William et al. 133). It is apparent that small businesses often concentrate in specific areas than they do to others. For instance, small businesses may not capitalize on ventures demanding huge investments. The featured publication interacts with classwork in issuing guidelines on starting a small business as well as improving customer experience.
Works Cited
Leech, Nick. “Eight Dos And Don’ts For Launching A Successful Business.” The Guardian, 2017, https://www.theguardian.com/small-business-network/2017/jan/06/advice-launching-successful-business-first-year.
Pride, William M., Robert J. Hughes, and Jack R. Kapoor. Foundations of business. Cengage Learning, 2014.
