What Type Of Business Ownership Works Best For You?

Business Ownership being presented as an enterprise that involves itself in goods and or services to the end consumer can be created from many different industries to include consumable and non-consumable products, textiles, auto, technology, energy, farming, transportation, financial, real estate and many more. Before you move ahead in business ownership, there are many key factors to take into consideration.

First of all, you will need to decide if you are going to be a sole owner, a partnership or a corporation and if you will have shareholders. As the business owner, the basis of the business will include having a clear business plan created to include the flow of the entire organization.

Depending on the size and structure of your business, you will need to decide what departments you need for your type of business. For example, let’s consider some very important departments that may be key to the success of your business.

First of all, the Administration Department could consist of the business owner if he or she is running the business, the board of directors, and possibly a Managing Director shares the vision of the business and is key in guiding the employees to maintain the flow of the business plan in place.

The Finance Department heads the Financial Manager of the business and this employee should be able to predict and adjust for profits and losses on a daily basis as well as understand how to balance and maintain the financial stability of the company by working with the capital provided all while working toward positive financial growth.

The Production, Service and Distribution departments contribute to the growth of the business substantially when proper employees are in place with sufficient and specialized skills, experience and knowledge depending of what the type of business demands. The latest technology and advanced methods should always be used to ensure the most development and growth for the company.

The Human Resource Department Manager is key to the success of the business in regards to the quality of employees that are hired and needs to be able to effectively communicate with the owner and other managers of the business as well as the employees. The HR Manager will be dealing with employee issues and needs to be able to communicate effectively with all parties involved all while maintaining company and legal policies and working with all parties involved to resolve any issues that arise in a professional manner.

These four Departments need to be considered when taking on the exciting venture of Business Ownership and you as the owner, will need to understand and be capable of deciding the functions of each department and always be aware of what is happening in the workplace and have control of your business in every aspect.

The Chronicles of Narnia: Discover People Can Be a Distracting Nuisance To Business Ownership

In watching The Chronicles of Narnia: The Voyage of the Dawn Treader, I quickly discovered that Eustace was a uncooperative nuisance and a continual party-crasher. A real bummer! Same for business ownership. There will be people who are a huge nuisance and you don’t want to be around them because they become a huge distraction, bring you down, and is bad for business.

For most business owners, they can’t stand to be around nuisance. Nuisance people tend to be negative, demeaning, lazy, and it’s unattractive…INSIDE. Now, I’m not saying you have to hang around negative people or even like them. On the contrary, you need to develop Positive Relationships and cultivating these type of friendships takes hard work and trust.

People Can Change If They Choose To

What I am saying though is that, given the right situation, knowledge, environment, and opportunity, nuisance-prone people can learn to change if they choose to. That’s just it…they have to WANT to make their lives better. We can’t accomplish this task for them.

People who decide to take the necessary steps for personal development and growth, realize that they genuinely can live positive, productive, and “attractive” lives. Have you ever been around a person, especially for me, it’s usually a female, who has a very profane and vulgar mouth? One who seems to use expletives every single word?

NOT VERY pretty, is it?

Caring and Encouraging Positive Action

Like Eustace in The Chronicles of Narnia: The Voyage of the Dawn Treader, some people just need some encouragement to become better human beings. Some need the knowledge to know better. I’m partial to this, however, because I believe there’s some “common sense” when it comes to behavior modification and breaking “bad habits”.

People, annoying, nuisance-prone people, need to know that someone cares about them, believes in them, and is willing to invest their time to help the “subject” discover that they can become more than what they currently are. In the scope of business ownership, this awareness is vital for any business to grow substantially with any value.

Usually speaking, Positive Changes in a person’s life takes Positive Action and doesn’t happen overnight. Especially, since bad habits have taken, sometimes, years to develop. It shouldn’t be expected to get a person who’s a nuisance to you and your business to change right away.

Nonetheless, with effort, determination, perseverance, knowledge, and taking action, positive and valuable results can exist!

It may take some time. Yet, it CAN happen.

Meeting Nuisance Head-On

So, what can one do? Well, I believe that we need to encourage those willing to change and leave behind anyone willing to remain belligerent, a nuisance, apathetic, lazy, who desires just to live a mediocre life. Not much you can do for them anyhow!

In the space of business ownership and entrepreneurship, meeting nuisance head-on can be a creative way to cultivate your patience. Invite these types of challenges, annoying customers, and see it as an opportunity to develop your personal growth.

How can you help? Below are 3 ways to help an annoying, nuisance-prone person break the “annoying,” sometimes destructive habits.

1. Help Them Identify When the Habit Appears Most Prominently

Conscience awareness is vital to identify when a bad habit appears. Often, habits appear just like clock-work, without much thought. It’s on the sub-conscience level that a solution becomes more challenging. There’s hope, though. I say that the bigger the challenge or obstacle, the more glory there is in overcoming it.

2. Help Them Define How Much Control They Have Over the Habit

Everyone wants control! Mostly, people with nuisance and bad habits just don’t know HOW to control themselves. No self-discipline. It becomes essential, especially in a business ownership situation, to gain control when circumstances get out of control. Someone who truly leads will be able to discern when they need to “jump in” and take control of an annoying customer or employee.

3. Help Them To Break the Habit By Replacing It With a Less-Annoying Habit

This is easier said than done, I know. Nonetheless, it’s better to replace a bad, sometimes destructive habit, with a lesser one because this allows them “space” to work through their behavior modification processes more effectively.

In my opinion, I’d rather see a person bite their nails than have them constantly interjecting their words by disrupting the conversation when I’m speaking.

Everyone reading this probably has been guilty of interrupting someone when they’re talking.

Most importantly, be patient and do your best to show grace and compassion when dealing with a nuisance. Show kindness, gentleness, self-control, and humility. Often times, if none of this works to help them, you just have to ignore the person and move on with your business and life!

Secret Discovered

Whether in a business ownership or merely in life, you’ll soon discover that people can, and will, be a distracting nuisance. They WILL exist. It’s a part of life. Fortunately, people can change if they choose to. As Servants and those who Lead, we are entrusted to lead by example and illustrate what it means to be overcome bad habits and to live positive, productive, and attractive lives.

In The Chronicles of Narnia: The Voyage of the Dawn Treader, you’ll notice that Eustace realized his annoying behavior and how he had become a “royal” nuisance to everyone. It took great deal of encouragement, grace, and patience to have Eustace turn around from his actions. Eustace made such a turn around, that his actions influenced C. L. Lewis’ next 2 The Chronicles of Narnia books.

Do you suppose you could help someone overcome their bad habits? If so, how do you suppose helping someone if you’ve got to conquered your own bad habits? Once you do become victorious, how will this “defeat” cultivate you into a better, more courageous person?

Women Empowered Through Business Ownership

Helen Reddy said it best in the 70s: “I am woman, hear me roar, in numbers too big to ignore…” The 70s may have had some bad clothes and disco music, but the 70s also opened the door for women, and in many ways, became the Decade of The Woman.

Women have become empowered over the last 30 to 40 years in wide variety of ways, but one of the biggest ways women have become empowered is through business ownership.

The statistics on woman-owned businesses are impressive and empowering enough on their own:

Women In Business:

  • As of 2008, there were 10.1 million firms owned by women. (Ownership is defined as owning 50% or more of a company.)
  • These businesses employ over 13 million people, and (as of 2008) had generated $1.9 trillion in sales.
  • Women-owned businesses make up over 40% of all privately held companies.
  • One in five companies reporting revenue in excess of $1 million is a woman-owned business.
  • 3% of businesses owned by women report revenue of $1 million or more.
  • According to score.org, 69% of women are more likely to seek business advice than their male counterparts. Only 47% of men will seek advice. (Does this really surprise anyone, give the whole “men won’t ask for directions” thing?!)
  • Women-owned business have been growing at twice the rate of all U.S. companies.

Women Of Color And Business Ownership:

  • Women of color owned 1.9 million businesses in 2008.
  • These businesses generate $165 billion in revenue annually, and employee 1.2 million people.
  • Between 2002 and 2008, women of color owned businesses grew more quickly than any other privately held companies.

Clearly, women are a very entrepreneurial group! Studies have long shown that women are capable multi-taskers, effective problem solvers, creative in approaches to many aspects of daily life, and are often the financial planners at home. These unique skills have lent themselves beautifully to the empowerment of women through business ownership.

Women often create successful businesses because they have identified a need through a specific set of circumstances. Women have created hair care products specifically due to the lack of products they want or need and can’t find. Mother’s Helpers and Home Fairies came about because women have long wished that “they had a wife.” Niche businesses developed for women by women are hugely successful simply because women identify with other women on a very specific level.

There are many opportunities in today’s market for an enterprising woman to develop her own business, big or small.

In an article by ask.org, these six start-up business ideas were marked as “Hot Markets For Small Businesses:”

  1. eBay drop-off sites
  2. Search Engine Optimization and Internet Marketing
  3. Performance Apparel
  4. Niche Health and Fitness
  5. Technology Security Consulting
  6. Service/Products For the Hispanic Market

However, the list for starting your own business is virtually endless. Take a look around you and see if there is a business need that can be filled.

Other ideas for women-owned businesses include:

  • Tutoring
  • Free-lance article writing for online business promotions
  • Gourmet Food production and sales (Think Mrs. Field’s cookies!)
  • Personalized Gift Basket Sales
  • Resume Writing
  • Virtual Assistant
  • Pet Sitters
  • Web Design
  • Graphic Design
  • Online Affiliate Marketing
  • Internet Marketing Mentoring and Coaching

Many of these business ideas can be started with little working capital. Not all businesses take a large investment for start-up costs. Many of the ideas listed above can be done from home with no employees and no overhead costs such as rent, insurance, additional utilities, etc. And, many work-from-home businesses are entitled to a tax break because you are using your home as an office.

If starting your own business is appealing to you, or starting your own home-based business is an idea you’d like to turn into a reality, then pick a direction, research what you would need to get you started, and join the millions of other women who have been empowered through business ownership!

There really is something to that “I am woman, hear me roar,” song. Thanks, Helen Reddy!