Essay Entrepreneurial

Such a company would struggle to move forward with a long-term agenda.During our first year of business, we expect that we will gross around one million in gross sales.

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The three pillars of GCUs College of Business are Entrepreneurial Spirit, Innovation and Servant Leadership.

These are three key characteristics that are critical in building a strong foundation for students to succeed in their professional growth and in business.

While the company name would not be discussed until the final stages of the project, I would opt to take into consideration our location and potential clientele before committing to a brand name.

Because the bar scene offers an array of possibilities for owners – dive bars cater to those in search of cheaper, affordable drinks while cocktail lounges cater to those in search of a more luxurious evening out – the name and market to which our bar will serve will require devout research in the industry.

If we have a successful bar established in a large city, we can expect to make anywhere from $3,000 to $6,000 dollars depending on the night of the week, keeping a large percentage of that due to the industry’s exceptional profit margin.

In essence, if we were to sell liquor and beer with a 400% profit (every .00 shot costs roughly

In essence, if we were to sell liquor and beer with a 400% profit (every $7.00 shot costs roughly $1.75), we can assume that we could sell at least five hundred shots or beers per night, generating $3,500 in gross sales.

With the economy still lingering forward, this trend will only continue in the future.

Hence, our bar will be part of a growing niche market: affordable entertainment.

Should we be successful in creating this niche brand, it is feasible to think that we can net several millions of dollars per year in profit. Businesses which tend to recognize the strengths of every one of its components tend to be the most successful; we will structure an LLC in which titles are created and job duties and expectations made clear (Ferrell 2011).

Because there needs to be final decisions made in companies, it is prudent that while every founder receives the same money for their input and investment, they are not all equal behind the scenes.

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In essence, if we were to sell liquor and beer with a 400% profit (every $7.00 shot costs roughly $1.75), we can assume that we could sell at least five hundred shots or beers per night, generating $3,500 in gross sales. With the economy still lingering forward, this trend will only continue in the future.Hence, our bar will be part of a growing niche market: affordable entertainment.Should we be successful in creating this niche brand, it is feasible to think that we can net several millions of dollars per year in profit. Businesses which tend to recognize the strengths of every one of its components tend to be the most successful; we will structure an LLC in which titles are created and job duties and expectations made clear (Ferrell 2011).Because there needs to be final decisions made in companies, it is prudent that while every founder receives the same money for their input and investment, they are not all equal behind the scenes.Innovation is viewed as an essential skill for one to demonstrate and also as a direct component for economic growth.Although innovation skills are considered to be a critical skill to possess in business, teaching these qualities and skills are limited in many business programs.Firstly, the market is ripe for expansion in the food and beverage industry and appeals to me as a stepping stone toward other business endeavors, thus making it easier to grow the business quickly and expand my personal wealth.After the Great Recession of 2008, Americans increasingly spent their money on moderately priced forms of entertainment like the theatre instead of taking expensive vacations or going to high-priced sports events.Over the next several decades, technological advancements will likely create more jobs in the respective industry throughout the country.Yet while the tech industry may be the most lucrative for prospecting entrepreneurs, others, such as food and beverage, can also expect steady growth over the next several years.

.75), we can assume that we could sell at least five hundred shots or beers per night, generating ,500 in gross sales. With the economy still lingering forward, this trend will only continue in the future.Hence, our bar will be part of a growing niche market: affordable entertainment.Should we be successful in creating this niche brand, it is feasible to think that we can net several millions of dollars per year in profit. Businesses which tend to recognize the strengths of every one of its components tend to be the most successful; we will structure an LLC in which titles are created and job duties and expectations made clear (Ferrell 2011).Because there needs to be final decisions made in companies, it is prudent that while every founder receives the same money for their input and investment, they are not all equal behind the scenes.Innovation is viewed as an essential skill for one to demonstrate and also as a direct component for economic growth.Although innovation skills are considered to be a critical skill to possess in business, teaching these qualities and skills are limited in many business programs.Firstly, the market is ripe for expansion in the food and beverage industry and appeals to me as a stepping stone toward other business endeavors, thus making it easier to grow the business quickly and expand my personal wealth.After the Great Recession of 2008, Americans increasingly spent their money on moderately priced forms of entertainment like the theatre instead of taking expensive vacations or going to high-priced sports events.Over the next several decades, technological advancements will likely create more jobs in the respective industry throughout the country.Yet while the tech industry may be the most lucrative for prospecting entrepreneurs, others, such as food and beverage, can also expect steady growth over the next several years.

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