M5-A3 Final Draft

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Humanities

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NOTE: The attached file Mervin M4-A3.docx is the original draft. Please revised by adding more information and making necessary corrections.

Assignment 3: Course Project—Final Draft of Essay

In this assignment, you will complete final revisions and submit your five-paragraph essay on your chosen topic presenting an informed, cohesive opinion.

As you reach the final stages of revision, examine your writing style. Did you use complete sentences and avoid run-ons and comma splices? Do you reuse words too often? Do you choose passive voice when active voice would make the paper more engaging? This is a good time to read your paper aloud to a friend or into a recorder to catch any inconsistencies in your style.

After developing your thesis, writing body paragraphs, writing a conclusion, revising for effectiveness, and editing for grammar and style, the time has come to submit your final paper! Be sure that your essay includes the following:

  • A strong thesis statement
  • A well-written introduction
  • The main body with at least three separate body paragraphs
  • A complete, well-written conclusion

Review your essay for the following:

  • Specific details
  • Well-formed topic sentences
  • Well-selected stories, descriptive details, or comparisons
  • Logical arrangement of details and ideas with appropriate transitions
  • No repetition or wordiness
  • Appropriate revisions based on first draft feedback
  • Proper use of grammar, punctuation, and spelling

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Introduction Elon Musk, a business magnate and investor, once said, “If you are trying to create a company, it is like baking a cake. You have to have all the ingredients in the right proportion. “Starting a company is similar to starting a business, and hence as Musk said, the proportion of the ingredients must be right, and more so, all components must be available. The success of business highly depends on the businessperson and the qualities that this person possesses. A person must have the appropriate attributes for the company that they intend to start and run to be successful. There are some qualities of businesspeople that are common to all despite the field that a person has chosen. An ideal businessperson must be willing to take risks, have excellent communication skills, be reliable, possess leadership skills and be ready to take the initiative, as these five qualities are the most important in running a business. Good Business Skills Many people have started up businesses with a right amount of capital put into it. However, the world over there has been stories of good companies that have closed shop shortly after their establishment. To succeed one must be good at doing business. An ideal businessperson must be willing to take risks, have excellent communication skills, and possess leadership skills among other essential skills. These form the five essential qualities important in running a successful business. Some of the world’s greatest entrepreneurs have taken significant risks that saw them get to the top in their industry. Apple’s introduction of iPhones involved taking substantial risks. Some of their innovations became obsolete even before penetrating the market, but that did not stop them from risking introducing other changes. By taking risk after risk, they have managed to lead the pack in their industry. A strong entrepreneurial spirit is required if one is to be a risk taker (Batzogianni, 2018). There is no way for one to know if their idea will work not unless they try it out. Proper leadership skills ensure that employees trust you and rely on decisions that you make for the business. A strong and charismatic leader can convince the team members to adopt their choice even if they are not entirely convinced that it’s the best. Being the owner of the business the effort that the team's members will give entirely depend on the leadership provided to them. One must have commanded so that all team players can move in the same direction while at the same time inspire the team to guarantee that they will give their best to the business (Small Business Development Corporation,2018). Whenever there is a difficult task to be accomplished the leader must take the initiative as this will push the team to work harder. Whenever there are changes to be made, a good leader will suggest the difference and make the team players embrace and own it other than forcing the transition to the team members. Great ideas can only benefit the business if they are communicated to the business team timely and in a proper manner. Many good ideas that could have helped build the business fail at the implementation stage because of how they are communicated to the team. If a person develops a habit of always giving directives without caring for the opinion of other team members, then their ideas are doomed to fail (Small Business Development Corporation, 2018). Whatever is to be communicated, the recipients of the information must have a mechanism to give feedback and give their input. Customers, employees, potential investors, and suppliers are critical stakeholders to any business. Whatever communication that is made to them must be a reflection of the image that the company intends to project (Batzogianni, 2018). At all times communications whether written or verbal must be prompt, clear and done with utmost respect for the recipients. Excellent communication skills enable one to build a good relationship with other business stakeholders. Through these relationships, one can build networks that bring in new customers and ideas necessary for the growth of the business. Running a business remains a daunting task. There are many parameters within the business environment such as government regulations, taxation, and state of the economy that one cannot have control over yet they ultimately affect one’s profitability. It is hence essential that one possesses good business skills such as the ability to be a risk taker, be a good leader and communicator if they are to succeed. Conclusion An ambitious and a resourceful businessperson has to be in the picture to give rise to a successful business that is performing well and competing effectively with its rivals in the market. Such a businessperson person has to possess characters such as being a risk taker, excellent communication skills, reliable and have appropriate leadership skills. A businessperson has to take risks even though some of the risks must give rise to products, which may not be ultimately accepted, in the market. If such happens, the business has to learn from past mistakes and do other appropriate innovations that will bring forward what the market needs. The leader of the company has to be reliable to the team that he is leading in that the team will have faith that the decisions he makes are for the wellness of the company. The leader has to communicate the decisions that he makes to his juniors until they too accept and appreciate why such decisions were arrived at. A good leader has to inform the decisions he prepares well, and allow his team to give their input. The team leaders also have to feel that their opinions were considered when making individual decisions. The business leader also has to be aware of the government regulations that affect his business and align his business appropriately in a way that complies with the rules. When such factors are considered and implemented, the company will perform
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Explanation & Answer

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Introduction
Elon Musk; a business magnate and investor, once said, “If you are trying to create a
company, it is like baking a cake. You have to have all the ingredients in the right proportion.”
Starting a company is similar to starting a business. Hence, as Musk said and similar to that
notion; the success of business highly depends on the businessperson and the qualities that this
person possesses. A person must have the appropriate attributes for the company that they intend
to start and run, for it to be successful. As such, therefore, there are some qualities that are
common to entrepreneurs regardless of the field that the person has chosen to invest in. An ideal
businessperson must be willing to take risks, have excellent communication skills, be innovative,
be reliable, possess leadership skills; such as have critical and problem-solving skills, and be
ready to take the initiative, as these qualities are important aspects that an individual ought to
have in the event that they are considering owning and running a business.
Good Business Skills
Most people who have opted to start up businesses have a right amount of capital put into
it. However, there are numerous stories of well-funded companies that have been closed shortly
after their establishment. It is notable, that in a bid to succeed, the entrepreneur needs to have the
ability to hold and conduct viable businesses. As aforementioned, the ideal b...


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