Wednesday, April 27, 2011

Map to venturing out into business

Mark Bouris, Sunday Telegraph- Money, 27/3/2011
Obtained from Ms Owen

This newspaper article is a beginners guide when they are entering the Australian business market and it shows the steps one has to take- obtaining legal advice, the set-up of the business, and looking at your own personality so that your business can suit it, and the other way around.

This article relates to the topics discussed in Commerce as currently we are looking at 'Being an Entrepreneur'. This article shows the steps required to further that, by starting a business and noting what other steps are to be taken- expert advice, the decision making whether to have a high-growth start-up, buying an existing business or becoming a franchisee owner, which are all entrepreneurial but at different levels, and some with more risk.

Being an entrepreneur means that there must be a desire to make it succeed, and also actions to back that up. This theme is not only explored in this article, but also in the example of Jesse Hancock in the textbook (p 313) as he built his company NueVue Graphics from the ground up. He says to not underestimate the power of passion- 'If you are passionate about what you do and where you want to go, then you will get there.'