Preview

The Small Business Shutdown

Good Essays
Open Document
Open Document
1708 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
The Small Business Shutdown
Sam Bruning
Professor Sally Bennett
Comp I
23 October 2013
The Small Business Shutdown Imagine graduating college twenty-five years ago. Ever since you were a little kid, you have had a dream of opening up your own business. You would have no boss or anyone to talk down to you, and you control the entire business. You get to decide what you want to sell, who you want to work with, where your store is located, how you want to ship your products, and you overview the entire company or at least your branch of the company. This is a dream many American's have had. Twenty-five years ago, small business owners could thrive on having great customer service and could compete with the prices of large companies. Again, this was twenty-five years ago, before internet shopping was available and rapidly running small business owners out of business. Through a personal story and example, I will analyze the impact internet shopping has had on small business owners and describe what running a small business is like on a daily basis. Beth Jenkins was a franchisee of the store USA Baby. She is a very ambitious individual who grew up with her mom owning a small business of her own. Like Beth, her mother owned and operated a baby toy and furniture store of her own. Beth has always looked up to her mother and wanted to follow in her footsteps. After graduating college, Beth found the opportunity of a lifetime. “My mom called me and told me there was a franchise opening up around Kansas City,” she continued, “I thought she was kidding. To have an opportunity like that right after graduating college was a tremendous opportunity.” Being a franchisee was what Beth was looking for. “Being a part of another franchise was a very good idea for me. Being a franchisee provided me with support and security,” said Jenkins. “I was able to take a risk in starting my own business, but it was less risky knowing that other branches could support me.” After finding out that she would be a

You May Also Find These Documents Helpful

  • Satisfactory Essays

    In next section, the readers can see a “real franchising world” in “free enterprise with federal loans.” Beginning this section, Schlosser starts with how much people have to pay to become franchisee with fast food restaurants. Then, he shows the readers the fact that is “38.1 percent of new franchised business had failed.”(98). There were many conflicts between franchisees and franchisors. The statements were very long, and once when franchisees signed a contract, they were mostly on their own. A franchisee could lose all the money when a contract was terminated. In 1990s, Subway had a lot of problems in franchising, and “Committee, has call Subway the “worst” franchise in America.” (100).…

    • 449 Words
    • 2 Pages
    Satisfactory Essays
  • Powerful Essays

    QRT2 Task 2

    • 2107 Words
    • 9 Pages

    Combining a solid e-commerce solution with a strong online presence can take a business to heights not imagined before. The online presence allows stores to reach out to potential customers and market their products to those who may otherwise be unaware of a stores existence. Throughout the rest of this paper we will look at a small company located in Lakeland, Florida.…

    • 2107 Words
    • 9 Pages
    Powerful Essays
  • Good Essays

    Dawn Lafreeda is an extraordinary business leader who faced many challenges on her rise to the top. Just eighteen months after purchasing her very first Denny’s franchise, Lafreeda was offered the opportunity to acquire four additional restaurants. These four restaurants were located in West Texas, and were all struggling; both the location and the despondent economy created challenges for Lafreeda to overcome as she worked to turn these stores around. Lafreeda’s challenges included age and gender on her quest to the top of the restaurant franchise. At the age of 23, Lafreeda was much younger than many of her staff, as well as one of the only female owners of the Denny’s franchise. Due to Lafreeda’s age, many business partners did not take her…

    • 1047 Words
    • 4 Pages
    Good Essays
  • Good Essays

    Law 421 Week 3

    • 599 Words
    • 3 Pages

    With the rapid growth of e-business it is no small wonder why businesses today are taking advantage of the online market. The overall convenience and lack of complexity with buying products and services online has converted most of the public to shopping via the internet. Any business that sells a service or product must strongly consider the fact that being without a website or means for the public to shop online will only hinder the business’ profits and any chance for future development. Many small businesses are realizing first hand that the lack of e-business will ultimately make their companies obsolete.…

    • 599 Words
    • 3 Pages
    Good Essays
  • Good Essays

    Cow's London

    • 492 Words
    • 2 Pages

    The Udderlie’s are both well educated and employable. James completed his MBA in 1983 and Serena has received her Bachelor of Arts, Bachelor of Education and a Master of Education. In addition to these degrees, they both claim to have an entrepreneurial spirit, but they would also like flexibility in their investment. They would like to continue with their current employment and would like to maintain a good family routine. They view the idea to franchise as an investment rather than a business venture.…

    • 492 Words
    • 2 Pages
    Good Essays
  • Powerful Essays

    Capstone Project Bus599

    • 2781 Words
    • 12 Pages

    The Internet has changed the way that we perceive business and the way that we as consumers may make our purchases. In fact, the online consumer today knows the convenience of purchasing a book online and having it delivered to their door in a matter of a few days. There is no more need to fight crowds, find a parking spot, and deal with traffic. The high street and mail order systems still have a place in the mix of purchase routes; however it is no longer the only method of making purchases. The Internet revolution has seen a massive increase in the long distance purchases made by consumers, as geographical barriers are no longer as important as they were. The lack of geographical importance has influenced the strategy of Internet companies. One of the first companies that took advantage of this was the online bookshop Amazon.com.…

    • 2781 Words
    • 12 Pages
    Powerful Essays
  • Satisfactory Essays

    up north fishing

    • 544 Words
    • 3 Pages

    Moving into this new chapter of our organization is a very exciting time. With excitement comes, new risks that need to be researched carefully for our company to be successful. In this report I will give you the information you need to make informed decisions on how to take the next steps, which will make for a successful transition to the new world of on-line shopping.…

    • 544 Words
    • 3 Pages
    Satisfactory Essays
  • Better Essays

    Lisa had a tough decision to make. During her time in school working towards her MBA, she worked as the assistant to the president of Right-Away stores which is a premier convenience food store chain based in Chicago. When she had completed her MBA program, she had the choice between becoming the director of marketing at Right-Away or be assistant product manager at Houseworld’s Home Care Division (Weber, 1994).…

    • 3015 Words
    • 13 Pages
    Better Essays
  • Powerful Essays

    01 SPRINGSMBA51028 1

    • 1236 Words
    • 5 Pages

    There are many businesses that we frequent in our day to day lives that are global in nature. We rarely give thought to their presence in another country. McDonald’s is a name that is recognized by all ages, in over 117 countries (Talpau & Boscor, 2011). McDonald’s is a 192.95 billion dollar restaurant industry (Bloomberg Industry Market Leaders). According to Kuratko (2013), McDonald’s is one of the biggest fast food industries in the world, due to the founder’s innovative ideas, not by inventing a product.…

    • 1236 Words
    • 5 Pages
    Powerful Essays
  • Better Essays

    References: Jane M 2012 Small Business by Demard MediaJane, M. (2012, January). Small Business by Demard Media. Retrieved August 22, 2012, from http://smallbusiness.chron.com/ business- proposal-vs-formal-research-21250.html 201208261837051568277955…

    • 828 Words
    • 4 Pages
    Better Essays
  • Good Essays

    Small businesses in the United States are on the rise, and Presidential Candidate, Hillary Clinton, has taken this opportunity to win over the hearts of small business owners and entrepreneurs across the United States by expounding on her proposal to help small businesses succeed. According to the Augusta Press in the article “Hillary Clinton Releases Small Business Plan” (Graham, 2016), Clintons devotion to implement change for small businesses derives from her childhood when her father ran a drapery business in Chicago, as well as, working side by side with small business leaders throughout her career. Some of Clintons proposals to help small business include; improving access to financing, providing tax relief and simplifying the paperwork simplification for small businesses; incentivize more health care benefits for small businesses and their employees; ensure the federal government is more responsive to small businesses; and, make it easier to fight back when…

    • 898 Words
    • 4 Pages
    Good Essays
  • Satisfactory Essays

    If the already week long government shut down stretches into a month , it could have an over $50 billion impact to the U.S. Economy. With Congress ready to approve retroactive pay for the 800,000 furloughed workers . That would be $200 million a day in pay for “non-essential” federal employees.…

    • 457 Words
    • 2 Pages
    Satisfactory Essays
  • Best Essays

    Is535 Final Course Project

    • 3651 Words
    • 15 Pages

    The first key to starting a successful online business is to first understand ecommerce and how it operates. Most people understand that ecommerce or electronic commerce refers to the buying and selling of products or services over electronic systems such as the Internet and other computer networks. However, it stretches beyond just the buying and selling of goods; it also includes an online process of developing, marketing, selling, delivering, servicing and paying for products and services. “The use of commerce is conducted in this way, spurring and drawing on innovations in electronic funds transfer, supply chain management, internet marketing, online transaction processing, electronic data interchange (EDI), inventory management systems, and automated data collection systems. Modern electronic commerce typically uses the World Wide Web at least at one point in the transaction 's life-cycle, although it may encompass a wider range of technologies such as e-mail, mobile devices and telephones as well”. (Electronic Commerce, modified November 2011, Wikipedia). Today it is said to be over 29.7 billion pages on the World Wide Web. Ecommerce today has gained so much popularity because its core technologies are constantly evolving and keeping up with a technology based world. Each year the number of ecommerce deals grows tremendously. The sales volumes of on-line stores run in a more than comparable race with physical retail stores.…

    • 3651 Words
    • 15 Pages
    Best Essays
  • Better Essays

    “Becoming a franchisee is an odd combination of starting your own business and going to work for someone else” (Schlosser 94).In Eric Schlosser’s Non-fiction book, Fast Food Nation, Schlosser reasons that fast food has widened the gap between the rich and the poor, started an obesity epidemic and propelled American cultural imperialism abroad. While the idea of a franchiser/ franchisee relationship appears to be nothing but beneficial, it has a serious drawback, which is the release/ acceptance of certain issues out of each party’s control. This, in turn causes other companies to try to develop new ways of forming this relationship. Subway, for example uses “Development Agents” to help ease tensions. However due to this, the controversial issue of encroachment emerges. This leaves society asking at what price is success worth it? And how is success measured by these companies?…

    • 954 Words
    • 4 Pages
    Better Essays
  • Powerful Essays

    Hr Practice

    • 6088 Words
    • 25 Pages

    A study on Human Resources Management was made in small and medium industries located in…

    • 6088 Words
    • 25 Pages
    Powerful Essays

Related Topics