Small Business Management

Good Essays
March 23, 2014
MG354 Small Business Management

My Strengths and Weaknesses in Running a Small Business Running a small business would be both a wonderful retirement gift and a scary post-military venture. Becoming an entrepreneur would be, for anyone, a dream come true, but jumping into the small business world without a plan, education or experience to do so would be a hasty entrance to the business world. A thorough review of my education and my experience to develop a possible jump into the small business world would definitely be a worth-while venture! So to begin reviewing my strengths and weaknesses in running a small business, let’s first review my education and try to identify those classes that I have taken that could possibly assist in my entrepreneur venture. My very first college course was taking Korean Conversational language, although I doubt I would be able to utilize this in my small business venture, I do believe that I could benefit from some of the small phrases and greetings I learned while taking the course – although globalization is a bit far reaching. I have also taken many computer language courses along with computer application courses that could benefit my ‘no fear of technology’ stance and ensure that I am using this technology to assist, rather than hinder the small business’s day-to-day operations. By taking Accounting classes, I believe my studies in this area would assist in the reporting of the businesses financial information, the preparation of financial statements and additionally by preparing the necessary tax information for the business to run. I have also taken many scientific classes to include Chemistry, Organic Chemistry, Introduction to Physics, and Physics, these classes could easily assist in my understanding of the benefits of environmentalism as discussed in chapter 2 of Small Business Management, in the section Sustainability Matters. Assessing the environmental impact of running a small

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