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Process Analysis on How to Start a Small Business Paper

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Process Analysis on How to Start a Small Business Paper
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Running head: PROCESS ANALYSIS ON HOW TO START A SMALL BUSINESS

Process Analysis on How to Start a Small Business
Name
Institutional Affiliation

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PROCESS ANALYSIS ON HOW TO START A SMALL BUSINESS

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Process Analysis on How to Start a Small Business
Introduction
Starting a small business, especially a unique one, maybe challenging to some
entrepreneurs, thus the need to learn the processes involved. One may not necessarily need a
bunch of money in their bank for the business to be the next major success in the country.
However, there is a need to have a strong and reliable plan to be able to see the business through.
The plan of how the business is to be actualized ought to be one that is flexible and able to grow
with the entrepreneur. It also aims at achieving financial independence and, as a result investing
in oneself (Azeroual, & Theel, 2019). Most of the businesses tend to be promising at the
beginning only to collapse after a few months or years of existence. For this reason, it is
important to follow the necessary steps as one seeks to start a business as only then will the
foundations of the business becoming prosperous be set. An entrepreneur ought to follow the
following process to start a small business successfully.
I.

Carry Out An Extensive Research
In most cases, one already has a business idea in mind, so the task will be to balance it

with the reality at hand. Additionally, the entrepreneur analyses the potential that the busines...

Purdue University

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