Starting A Business from Scratch

Starting A Business from Scratch

Description/Paper Instructions

Starting A Business from Scratch

Starting a business from scratch can be an exciting and rewarding endeavor, but it can also be a daunting and challenging one. While there is no one-size-fits-all approach to starting a business, there are some general guidelines and principles that can help you get started on the right foot.

The first step in starting a business is to come up with an idea. This can be the most difficult part of the process for some people, as it requires creativity, research, and careful consideration of market demand. Some entrepreneurs are able to come up with ideas based on their personal interests or hobbies, while others may identify a gap in the market or a problem that needs solving.

Once you have an idea, the next step is to conduct market research to determine if there is a demand for your product or service. This involves analyzing the competition, identifying your target market, and determining the viability of your idea in the current economic climate.

After conducting market research, the next step is to create a business plan. This document should outline your business goals, strategies for achieving those goals, and financial projections. A well-crafted business plan can help you secure funding, attract investors, and guide your decision-making process as your business grows.

With a solid business plan in place, the next step is to register your business and obtain any necessary licenses and permits. This may vary depending on the type of business you are starting and your location, so it’s important to research the specific requirements in your area.

Once you have taken care of the legal and regulatory aspects of starting a business, you can begin building your team. This may include hiring employees, contractors, or freelancers, or it may involve partnering with other businesses or individuals to bring your idea to life.

As you begin to build your team, it’s important to focus on developing a strong company culture and mission. This can help you attract and retain top talent, as well as ensure that everyone is aligned around a shared vision for the company.

With your team in place, it’s time to start building your brand and marketing your product or service. This may involve creating a website, social media profiles, and other marketing materials, as well as developing relationships with key influencers and media outlets in your industry.

As you begin to generate revenue and grow your customer base, it’s important to stay focused on the big picture and continue to refine your strategy. This may involve pivoting your business model, expanding into new markets, or exploring new revenue streams.

Above all, starting a business from scratch requires patience, persistence, and a willingness to take risks. It’s important to stay focused on your goals and keep pushing forward, even when faced with challenges and setbacks. With the right mindset and approach, however, starting a business can be an incredibly rewarding and fulfilling experience.

RUBRIC QUALITY OF RESPONSE NO RESPONSE POOR / UNSATISFACTORY SATISFACTORY GOOD EXCELLENT Content (worth a maximum of 50% of the total points) Zero points:  Student failed to submit the final paper. 20 points out of 50:  The essay illustrates poor understanding of the relevant material by failing to address or incorrectly addressing the relevant content; failing to identify or inaccurately explaining/defining key concepts/ideas; ignoring or incorrectly explaining key points/claims and the reasoning behind them; and/or incorrectly or inappropriately using terminology; and elements of the response are lacking. 30 points out of 50:  The essay illustrates a rudimentary understanding of the relevant material by mentioning but not full explaining the relevant content; identifying some of the key concepts/ideas though failing to fully or accurately explain many of them; using terminology, though sometimes inaccurately or inappropriately; and/or incorporating some key claims/points but failing to explain the reasoning behind them or doing so inaccurately.  Elements of the required response may also be lacking. 40 points out of 50:  The essay illustrates solid understanding of the relevant material by correctly addressing most of the relevant content; identifying and explaining most of the key concepts/ideas; using correct terminology; explaining the reasoning behind most of the key points/claims; and/or where necessary or useful, substantiating some points with accurate examples.  The answer is complete. 50 points:  The essay illustrates exemplary understanding of the relevant material by thoroughly and correctly addressing the relevant content; identifying and explaining all of the key concepts/ideas; using correct terminology explaining the reasoning behind key points/claims and substantiating, as necessary/useful, points with several accurate and illuminating examples.  No aspects of the required answer are missing. Use of Sources (worth a maximum of 20% of the total points). Zero points:  Student failed to include citations and/or references. Or the student failed to submit a final paper. 5 out 20 points:  Sources are seldom cited to support statements and/or format of citations are not recognizable as APA 6th Edition format. There are major errors in the formation of the references and citations. And/or there is a major reliance on highly questionable. The Student fails to provide an adequate synthesis of research collected for the paper. 10 out 20 points:  References to scholarly sources are occasionally given; many statements seem unsubstantiated.  Frequent errors in APA 6th Edition format, leaving the reader confused about the source of the information. There are significant errors of the formation in the references and citations. And/or there is a significant use of highly questionable sources. 15 out 20 points:  Credible Scholarly sources are used effectively support claims and are, for the most part, clear and fairly represented.  APA 6th Edition is used with only a few minor errors.  There are minor errors in reference and/or citations. And/or there is some use of questionable sources. 20 points:  Credible scholarly sources are used to give compelling evidence to support claims and are clearly and fairly represented.  APA 6th Edition format is used accurately and consistently. The student uses above the maximum required references in the development of the assignment. Grammar (worth maximum of 20% of total points) Zero points:  Student failed to submit the final paper. 5 points out of 20:  The paper does not communicate ideas/points clearly due to inappropriate use of terminology and vague language; thoughts and sentences are disjointed or incomprehensible; organization lacking; and/or numerous grammatical, spelling/punctuation errors  10 points out 20:  The paper is often unclear and difficult to follow due to some inappropriate terminology and/or vague language; ideas may be fragmented, wandering and/or repetitive; poor organization; and/or some grammatical, spelling, punctuation errors 15 points out of 20:  The paper is mostly clear as a result of appropriate use of terminology and minimal vagueness; no tangents and no repetition; fairly good organization; almost perfect grammar, spelling, punctuation, and word usage. 20 points:  The paper is clear, concise, and a pleasure to read as a result of appropriate and precise use of terminology; total coherence of thoughts and presentation and logical organization; and the essay is error free. Structure of the Paper (worth 10% of total points) Zero points:  Student failed to submit the final paper. 3 points out of 10: Student needs to develop better formatting skills. The paper omits significant structural elements required for and APA 6th edition paper. Formatting of the paper has major flaws. The paper does not conform to APA 6th edition requirements whatsoever. 5 points out of 10: Appearance of final paper demonstrates the student’s limited ability to format the paper. There are significant errors in formatting and/or the total omission of major components of an APA 6th edition paper. They can include the omission of the cover page, abstract, and page numbers. Additionally the page has major formatting issues with spacing or paragraph formation. Font size might not conform to size requirements.  The student also significantly writes too large or too short of and paper 7 points out of 10: Research paper presents an above-average use of formatting skills. The paper has slight errors within the paper. This can include small errors or omissions with the cover page, abstract, page number, and headers. There could be also slight formatting issues with the document spacing or the font Additionally the paper might slightly exceed or undershoot the specific number of required written pages for the assignment. 10 points: Student provides a high-caliber, formatted paper. This includes an APA 6th edition cover page, abstract, page number, headers and is double spaced in 12’ Times Roman Font. Additionally, the paper conforms to the specific number of required written pages and neither goes over or under the specified length of the paper.
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