benefits of starting a business essay

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The Benefits of Owning Your Own Business

Susan Ward wrote about small businesses for The Balance for 18 years. She has run an IT consulting firm and designed and presented courses on how to promote small businesses.

Independence and Control

Financial rewards, flexibility, directly helping people, opportunity for innovation, what to watch out for.

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There are plenty of challenges that come with operating your own business . For many people, though, the rewards of running a business far outweigh the difficulties. In fact, 76% of those who decide to run their own small business are "somewhat happy" or "very happy" with their decision, according to a 2020 survey conducted by Guidant Financial's Small Business Trends Alliance.  

This line of work isn't just for the entrepreneurial spirit, either. Running a business can prove exciting for many people and for many different reasons. Whether you are looking for a flexible lifestyle, are eager to innovate, or simply want more control over your work and earning potential, there are many benefits to running your own business. Here are just a few of the biggest.

Have you ever worked a job in which you felt you could do better if you had control over how the work was done? Let's face it, jobs can be constricting and sometimes don't allow you to maximize your knowledge and skill.

When you build your own business, you do what you want, how you want, when you want. You develop the product or service to the level you think is best. You have systems and routines that work best for you. And if you need a powernap in the late morning or afternoon to boost creativity and productivity, you can take one.

According to the Small Business Trends Alliance survey, 55% of small business owners started their own business because they were "ready to be their own boss."  

Granted, statistics on business success can seem grim. After all, roughly 50% of businesses survive to five years.   With that said, there is much you can do to improve your chances of success , and in fact, depending on your goals, opening a business might be a better financial option than working for an employer.

For one, with a business, you're more likely to earn what you're worth, especially if you're a woman. Instead of earning 82% of what a man earns, a woman can charge her value in a business.   As the business owner, you can set prices and grow your salary with the business. When you throw in the business tax perks , you could end up making more than you would in a job.

Running a business can work well for many different lifestyles. For women, especially, owning your own business can give the lifestyle flexibility necessary to raise a family and still have a successful career. Women-owned businesses have been showing up at a faster rate than new businesses in general—at 21% per year vs. 9%, respectively, from 2014–2019.   According to a series of case studies by the National Women's Business Council, flexibility was a major factor for many women who decided to pursue entrepreneurship.  

Millennials and Generation Z workers are known to look for flexibility in their workplaces, and running a business can work well for many of them.   Likewise, people who are close to retirement or already retired may find owning their own business gives them the chance to keep their hands busy while not demanding the same rigid schedule of a typical job. People who want to travel or live a particular lifestyle can benefit from entrepreneurship, plus you might be able to work from home —or anywhere else you like.

Many small business owners launch their own businesses to make a positive impact in their local communities. This can happen through the products or services they provide or through the local causes they support. Small businesses also account for nearly half of the private workforce in the U.S., so launching your own business is a great way to provide jobs for many in the local community.  

Established organizations can—and do—create great change and innovation. Often, though, the most powerful new ideas come from small business owners that venture out on their own when they can't get traction for their ideas in their current workplace.

Many business icons started with an idea that has changed the world. From Disney to Zuckerberg and Bezos to Gates, all of them had small ideas that turned into huge successes. Many of these entrepreneurs launched these companies from their garage .

If your current employer isn't interested in your ideas, it may be a sign that you should launch your own enterprise.

Despite the many benefits of running your own business, it's not right for everyone. Being your own boss comes with some major risks, including:

• Financial risk : If half of businesses fail within five years, then you're taking a 50% chance of losing some money on your own business. That's why it's critical to write a thorough, clear business plan and make sure you have a reasonable chance at success.
• Personal liability : Beyond merely losing the money you put into the business, you could put more of your personal assets at risk—from your car to your house—if you don't structure your business to protect them.
• Time commitment: The feeling that you're always on the job can be a drain for many business owners, according to a 2016 Bank of the West Bank Small Business Growth Survey. Many business owners work much more than a 40-hour workweek.  
• Stress : The West Bank survey also noted the fear of burnout as a major concern for many small business owners. This is particularly true in light of the ongoing public health and economic crisis, which saw daily stress rise significantly among small business owners.  

The Bottom Line

• Owning your own business brings some great benefits, and many entrepreneurs are satisfied with their decision after they make the plunge.
• The most common reason people launch their own business is to be their own boss.
• Other benefits include flexibility, financial rewards, the opportunity to innovate, and a chance to impact your community.
• Still, there are serious risks to launching your own business, and you should carefully consider and plan before you take the leap.

Guidant Financial. " 2020 Small Business Trends ." Accessed Sept. 23, 2020.

Bureau of Labor Statistics. " Table 7. Survival of Private Sector Establishments by Opening Year. " Accessed Sept. 23, 2020.

Center for American Progress. " Quick Facts About the Gender Wage Gap ." Accessed Sept. 23, 2020.

American Express. " The 2019 State of Women-Owned Businesses Report ," Page 3. Accessed Sept. 24, 2020.

National Women's Business Council. " Necessity as a Driver of Women’s Entrepreneurship: Her Stories ." Accessed Sept. 24, 2020.

Financial Executives International. " How Generation Z Is Transforming the Workplace ." Accessed Sept. 24, 2020.

U.S. Small Business Administration. " 2019 Small Business Profile. " Accessed Sept. 24, 2020.

SCORE. " How Hard Small Business Owners Work ." Accessed Sept. 24, 2020.

Gallup. " Stress and Worry Rise for Small-Business Owners, Particularly Women ." Accessed Sept. 24, 2020.

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Written by Jesse Sumrak | October 6, 2023

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Thinking of starting your own business? Congratulations. The entrepreneurial itch is just beginning.

You might have a reason for wanting to start your own business, like capitalizing on an opportunity or fulfilling a need in your community. Or you might have no idea why this sensation is pulling you. That’s OK.

There’s no right or wrong motivation for wanting to start your own business. Whether you’re trying to escape the 9-to-5 or just want to make more money, every reason is valid.

At Foundr, we’re passionate about inspiring entrepreneurs and giving you the tools and know-how you need to succeed. Below, we’ve compiled 19 reasons for you to start your own business. Consider this your justification (or community-backed excuse) for making your business-owning dream a reality.

Why Start Your Own Business?

Next time your in-laws and co-workers ask what the heck you’re doing, just send them a link to this page.

Table of Contents

1. Control Your Schedule

2. create your ideal workspace, 3. make more money, 4. pursue a passion, 5. feel alive, 6. escape the corporate rat race, 7. discover your purpose, 8. be your own boss, 9. build your own career, 10. learn new skills, 11. start from scratch, 12. tax incentives, 13. be creative, 14. solve a need, 15. build a team, 16. build a brand, 17. create job security, 18. give back ​​to the community, 19. because you want to, starting a business faqs.

Tired of being told what to do and when to do it? When you start your own business, you get to be as flexible as you want. Sleep in, stay up late, work half days, or take off every Friday—it’s up to you.

The early days of your business will be busy, but you’ll eventually gain more spare time as you scale and learn to delegate.

Need to make an important family event but swamped with work? Take off a weekday and replace it with a weekend. Feeling burnt out and needing some extra sleep? Work 12 to 8 instead of 9 to 5.

Eventually, you might feel comfortable with your income and scale back your time working. You may live comfortably off 20 hours of work and take the rest off.

The inverse is true, too. You might want to deep dive into your work and pour your heart and soul into it—you can do that, as well. You get to control your schedule.

More importantly, the flexibility of starting your own business means you’ll get out what you put in. If you want to build the next tech giant or simply create an agency so you can spend more time with your family, you’re in control. Every hour you spend on your business is valuable.

Don’t be constrained by the fluctuating rules (and trends) of workspace policies. Small businesses and corporations alike often require you to work in determined locations. Even “remote” policies often have red tape that demand you live in specific geographic areas.

When you’re the business owner, you can work from your home, a co-working space, an office, or even the local coffee shop. You can take your work with you on the go, whether that’s the stereotypical beachside resort (please don’t get sand in your laptop) or the back of an RV on a nationwide road trip.

What’s your dream workspace? Is it a loft space with a ping-pong table? What about a giant corner office? Or maybe, it’s working at a collaborative coworking space or incubator?

You get to decide.

Unless you’re on commission, there’s likely a cap to your full-time income. You’re given a salary (regardless of your input or performance), and the only way to get beyond that is maybe with an end-of-year bonus. Plus, the time it takes to get to mid-level management, even in the most progressive of organizations, can take years of loyalty and corporate-culture assimilation.

When you start your own business, you get to decide how much money you make. Need more cash? Work longer hours or charge higher prices. Want more free time? Scale back your work and make less income.

It’s all up to you. Here are examples of how you can increase your earning potential as a business owner versus a traditional job:

• Start an agency and set your own hourly rates >  Asking your manager for an annual salary bump
• Sell your solution and get credit > Solving a problem for someone else’s business
• Become an expert in an industry under your brand > Move up the corporate ladder under one organization

There’s no cap on your salary as a business owner. You can always make more money and scale your business .

Do what you really want to do. Pursue something that makes you happy or something you care about. There’s no wrong passion.

Want to fulfill your dream of being an artist? It’s a long road ahead of you, but it’s your dream to chase. Want to become a ski mountaineering guide? Take the risk and go for it.

Starting your own business lets you create fulfillment rather than find it.

More than 60% of Americans work in jobs they dislike . You can avoid this fate by doing something you genuinely care about. And once you get to that place, is it really “work” anymore?

Use the Ikigai method to turn your passion into profit:

• What are you good at?
• What do you love?
• What does the market need?
• How do you extract that value?

When you’re the boss, you get to decide when to take risks and when to lay back. You’re going to have “high highs” and “low lows,” but you ultimately get to decide whether it’s going to be a dull day. Instead of punching in and punching out, you’re truly living each day to the fullest.

Starting a business is exciting and nerve-wracking . You’re going to lose sleep at times, and other nights you’ll sleep soundly after an adrenaline-packed day.

For better or worse, there’s a bit more on the line every day when you’re fully responsible for your income. Mediocre performance isn’t good enough anymore, and there’s something downright rewarding about that.

So, how do you know if you’re feeling alive in your current career? Here are a few indicators we’ve learned about what it means to feel alive as a business owner:

• On Friday evening, you look forward to going to work on Monday morning.
• Your skills are being used to the best of your abilities.
• You’re excited when someone asks, “what do you do?”
• Every day you learn something new.
• You’re the best version of yourself.

If this doesn’t sound like your career right now, then it might be time to take the first step toward feeling alive.

Ditch the corporate bureaucracy and get out of the game. No more cheesing up to bosses while you gain tenure, and no more following a career path that’s leading you nowhere. For many, starting their own business is a means to escape the rat race. In this case, you’re starting a business not to get something (money, passion, freedom) but to get away from something (the rat race).

True security doesn’t exist when you’re beholden to a corporation whose priority is keeping shareholders happy. As a business owner, you always get to show that you’re in control of your life and career—not the economy, a pandemic, or the unemployment rate. Losing your job can be catastrophic, so it’s no wonder that millions upon millions are now turning to side-hustles and startups to keep their finances afloat during uncertain times.

Read this article to learn how Hala Taha left her corporate career to build a media empire.

Ever feel like you have no purpose at work? Are you grinding day in and day out for a paycheck? Starting a business can bring fantastic meaning and purpose to your life—and that’s different than becoming a workaholic.

When you discover your purpose and build a business around it, you’re not working anymore—instead, you’re fulfilling a dream.

Freedom, pride, excitement, and commitment collide to make meaning—that sense of purpose, of drive, of overwhelming worth. We can all agree that a life full of meaning is a desirable outcome (and it doesn’t have to live as a daydream).

You call your own shots. You get to set the rules. You get to choose everything:

• Who do you work with
• Prices you charge
• Marketing strategies
• Who you hire
• Who you fire
• Where you operate
• When you operate
• How you operate

You never have to worry about someone making poor or insensitive decisions that hurt you. However, you’re now in the position where all the responsibility sits on your shoulders. When you are your own boss, it can be a heavy load to bear, but it’s one worth bearing.

Set your own career trajectory instead of letting your manager or human resources team tell you where you’re headed. Sure, you’ll start at the top of the chain (hello, CEO), but you can shift your direction as time goes on.

For example, you may decide to hand over the day-to-day operations to a manager or you might hire a CEO to run your business while you fill a role you’re more passionate about.

It’s not uncommon for founders to give up the mantle of CEO to another individual so they can pursue another passion. The best part about starting your own business is that you get to decide if you even want to consider that option. Here are some ways a business owner can grow their career:

• Be a lifelong founder and CEO with complete control
• Handoff day-to-day responsibilities to a CEO but still make major decisions
• Build your business so you can exit for a major payday
• Sell your business and start a new business

There are no limits on your career as a business owner. Read how Marc Lore navigated his career as a serial business owner and why he plans to never stop.

Your original corporate job likely wanted you to do one thing exceptionally well—whether that’s headhunting, email marketing, sales, or product road mapping. When you start a business, you get to do it all.

Over time, you’ll begin to delegate these responsibilities. However, on day one, you’ll likely wear all the business hats—and there’s a lot you’re going to learn .

It’ll feel a bit overwhelming at times, but you’re going to learn and grow quickly. You’ll acquire new skills and discover innate talents, and you’ll learn what you never want to do again.

In this position, you’ll get to rapidly explore career opportunities and dive into foreign subjects. You may discover that Search Engine Optimization is your new passion, and you might find sales is your worst nightmare. You’ll get a taste of all of it, and then you’ll get to decide which responsibilities you keep and delegate.

There’s something rewarding about building a business from the ground up. Sure, it’d be nice if you could start with a profitable business that’s raking in 6-figure revenue numbers, but where’s the challenge and fulfillment in that? Here are the benefits of starting a business from scratch:

• Create a unique brand identity
• Become a disruptor in a market
• Create a business that aligns with your values
• Reach a new audience

When you start your own business, you start with a blank canvas. You get to decide everything from the business name to the brand voice to the core product. It’s a rollercoaster of a ride, but you’re the one in the driver’s seat.

Taxes likely won’t be a reason to start a business, but it’s definitely a notable perk. As a small business owner, you may be able to get tax benefits that help your business–and even tax breaks that ultimately help you as an individual.

You’ll have the opportunity to deduct things like magazine subscriptions, phone services, travel mileage, membership in professional organizations, and even part of your rent. And if you need anything to run your business, there’s a good chance it qualifies as a deduction.

The IRS also helps mitigate risk for American entrepreneurs. For example, you can write off any losses from your business, which means that a side business could help your tax return.

Tax laws vary between countries and states, so do your research and talk to a professional accountant.

There’s no single right way to run a business. Yes, there are proven techniques and strategies, but that’s not to say they’re the only way to be successful.

Be creative. Explore new ideas. Do something that no one has ever done before.

Creativity could be in the products and services you deliver or in the company culture you build . It could be in your work policies, or it could be in how you give back to the community.

Don’t take yourself too seriously—have some fun here and there.

Many entrepreneurs begin their journey so that they can solve a need they recognize . For example, Brian Chesky and Joe Gebbia founded Airbnb because they struggled to afford rent in New York City and decided to rent out their floorspace to conference attendees.

What needs do you want to solve? They could be as big as climate change or as tiny as a lack of chicken wing options in your town—each is an opportunity to build a business. Here’s a list of needs and problems you can solve through a business:

• Improve a system in workflow management or manufacturing.
• Create a product that hacks everyday problems.
• Create a product that is specialized for a niche audience.
• Start an agency that helps other businesses in marketing, advertising, or design.
• Build a brand that offers unique content experiences.
• Start the first coffee shop in your small town.

Most importantly, find a problem that you’re passionate about solving. Check out this story about how Samantha Brett created an SPF skincare solution that could be sprayed over makeup without getting sticky or runny.

Have you ever asked, “how did that person get hired?” Say goodbye to those questions.

When you work for someone, you don’t have control over who your co-workers are. As a business owner, you can build a team that you want to work with.

Put your “Moneyball” hat on and start building the ultimate startup team . You’ll get to decide who you work with every day, and you’ll also have the privilege (and responsibility) of providing for these individuals’ livelihood.

There’s no right or wrong way to go about building your team. You might start with your little sister and cousin, or you might jump straight to hiring a web developer you’re never met.

Add teammates to the team when it makes sense, and cut those who are hurting the business. As the CEO and coach, you get to decide who joins the team.

When you work at an agency or large corporation, you often become another cog in the machine. Your name is detached from your work, and your personal brand plateaus while you contribute to building another person’s dream.

Starting your own business puts your name back on the map. As your business grows, so will your personal brand—and vice versa. Getting recognized might not be the reason you start a business, but it sure beats getting a meaningless certificate for another quarter of balanced budgets.

Take Elon Musk. His personal brand transcends Tesla or SpaceX. If those businesses went under tomorrow, he could start a brand-new successful business with his name alone. That’s the power of personal branding .

Climbing the corporate ladder is a path full of unknowns. Due to no fault of your own, you could lose your job tomorrow due to downsizing, a shift in the economy, or a grumpy manager who just doesn’t like you.

When you start your own business, you’re in charge of these life-altering decisions. Yes, your business still has a chance to tank, but you’re not a helpless bystander—you’re the one investing in its future. Your destiny is in your own hands.

Plus, once you’ve built a business, you’ll have acquired a whole new suite of valuable skills. You’ll be in an even better position to start another successful business. And if worst comes to worst, you’ll have new talents that’ll make you a more marketable employee for any company.

We live in a world rife with problems, and often a lack of funding causes those problems. A successful business would put you in a place to do something about the issues you see and care about.

You could even embrace social entrepreneurship and focus your efforts away from market value and toward social value.

Start a business to help young people through challenging times or launch a startup to assist single parents. When you focus on doing good instead of making money, everyone usually wins.

Your business doesn’t have to be built around doing good, though—that can just be a byproduct. For example, one could argue that Facebook doesn’t do a whole lot of good. However, the business donates millions of dollars to charities worldwide, and that’s definitely doing some good.

And that’s a good enough reason. You could write a book about all the reasons you should start a business, and someone else could probably write another one with all the reasons you shouldn’t.

That’s just the way life goes.

In the end, if you feel the pull to head out on your own and start a business, it’s never a bad idea to accept the call. You can always start a side hustle without quitting your 9-to-5 and build out the concept with little-to-no risk.

Just wanting to start your own business is reason enough—never discount that.

We get a lot of questions about starting a business. Here are some of the most common ones we hear from our foundr family.

Will I make money if I start my own business?

It depends on the type of business you start. For example, if you build a patented device for electric vehicles, your business will take lots of time and money to launch. In contrast, if you work at a company as a digital marketing specialist and want to start an agency, it will only cost a new website on Squarespace. Part of the risk of starting your own business is that it will have a high potential to win and fail. Ask yourself if the risk of not trying is greater than failing.

Should I start a business by myself or with a cofounder?

Do you want to start a business for complete autonomy? Are you sick of answering to a manager or team member? If yes, then working with a cofounder might not be the best idea. Cofounders usually find each other organically, but if you're seriously worried about going it alone, make sure you find a cofounder who compliments your strengths.

Is it better to start a business as a side hustle?

To answer this question, you'll have to include your situation. Critically you need to understand 2 factors in deciding whether to rip off the Band-Aid and go all-in on your business. One, is how much time do I have? Two, how much financial flexibility do I have? If your evenings are typically free, there's plenty of time to work on your business outside your 9-to-5. Or, if you've been saving for 2 years to start your business, put in your 2 weeks notice and get started. Most of us have limitations on time or finances. It's up to you to figure out what levers you need to pull to get your business going. The best time to start your business with yesterday. Don't get stuck on the first step. Take it.

How can my business be successful?

Only YOU can answer this. Define success for your business and decide what you are willing to do to reach it.

Starting Your Own Business? Here’s What You Need

Excited about starting your own business? You’re in the right place. We have all the resources you need to get started, and they’re all in one place.

Check out our catalog of free masterclasses. You can learn everything from launching a successful side hustle to growing a massive Instagram following. These courses are taught by professionals who’ve been there, done that. They’re not gurus teaching elusive secrets of the trade—they’re doers sharing real-life advice from lessons learned along their own journeys.

Peek at what’s available , and take the first steps to start your own business. Your future self will thank you later.

About Jesse Sumrak

Jesse Sumrak is a writing zealot focused on creating killer content. He’s spent almost a decade writing about startup, marketing, and entrepreneurship topics, having built and sold his own post-apocalyptic fitness bootstrapped business. A writer by day and a peak bagger by night (and early early morning), you can usually find Jesse preparing for the apocalypse on a precipitous peak somewhere in the Rocky Mountains of Colorado.

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How to Write a Business Essay: an Ultimate Guide

Table of Contents

Writing an essay can be boring. A lot of essays are basically the same thing over and over again. You write an introduction, then you write your supporting paragraphs, and then you create a conclusion. Overall, the process is not a lot of fun, and you can often feel as though you are simply going through the motions for the sake of churning out extra work. But since you have to write an essay, it’s worth considering the many ways that you can make the process faster and easier. In this ultimate guide, we’ll discuss the best way to write a business essay so you can get through the process faster and with relatively little trouble.

It might seem obvious, but the first thing you need to do when you write an essay is to read the essay question. You need to be sure you understand each part of the essay question and how the parts of the question work together. You would be surprised how many students only glance at the question and then write a paper that only partially addresses the assignment. You don’t want to lose points because part of your paper isn’t on topic. If you find any parts of the paper that you don’t understand or that require explanation, be sure to contact your instructor for clarification before you start writing.

Read the essay rubric

These days, most essays have a grading rubric included with the question. A grading rubric is like a cheat sheet for writing your essay. When you review the essay rubric, you’ll see exactly how your instructor will grade your paper and what your instructor will be looking for. When you write your paper, you will therefore know exactly what to include and how to write about it in order to maximize your points—and you’ll also see what you can spend less time on because it won’t contribute to your overall grade.

Make friends with your library

Many students automatically turn to search engines like Google in order to research their papers, but this is not the most effective way to find high-quality business sources for your paper. Instead, take advantage of your library’s databases. Your college or university library will likely have dedicated business databases that collect high-quality academic articles on business topics. Using these resources in your paper will make your essay stronger and more effective, and it will put your paper on a solid academic footing.

Compile your sources before you write

Many students use the start-and-stop method to write their papers, composing a sentence or two and then stopping to look up more information in order to keep going. This, however, is an inefficient way to work. A better way is to read through your research sources before you start and copy into a separate file a series of quotations and facts that you might use in your paper, creating in-text citations and reference list entries for each before you start. Doing so will make sure that you don’t have to stop for research and have a ready bank of pre-cited material to work with as you write.

Outline before you write

Outlining is an important skill that will both save you time and improve the quality of your essay. Take time before you write to lay out your paper from beginning to end. Start with your thesis statement and carefully lay out the body paragraphs with a topic sentence, supporting details (including research, quotes, and citations ), and a closing paragraph . Plan your transitions to link paragraphs together. Any amount of outlining can be helpful, but the more effort that you put into outlining at this stage, the easier it will be to write your paper, and the less likely it will be that you get stuck in a tangent that goes nowhere or meander into a point that requires you to change your thesis and revise you whole essay.

Remember to revise and proofread

When you finish the draft of your paper, you aren’t done yet. The first draft is rarely the finished product. You should always set aside time to read your work back and to make revisions to make it clearer. You also need to carefully proofread for mechanical grammar, punctuation, and syntax issues to ensure that your paper is as close to perfect as possible. You don’t want to leave points on the table because your paper had easy to fix minor spelling or grammar errors.

Consider professional writing help

Another great way to get your paper done quickly is to seek out custom professional help from an essay writing service with academic experts. An online writing company such as this can create business papers for college students and deliver them fast. When you utilize professional writing assistance, you can receive a custom-written essay that can serve as a great model to help you understand how a professional would approach your business topic and organize and develop an essay to address your assignment. Using a model such as this can save you time and effort as you work on your own paper, allowing you to focus on the learning process more than the mechanics of academic essay writing.

Join the thousands who have sharpened their business writing skills with our award winning courses.

Copyright © 2024 Businesswritingblog.com.

How to Write a Business Essay for Impactful Communication and Analysis

So, you've got a business essay coming up, and you're feeling a mix of excitement and a tad bit overwhelmed, right? Totally get it. Writing a business essay might sound boring, but trust me, it's a skill that's gonna come in handy when you're out there in the real world.

In this article, we're dishing out some awesome tips just for you. Think of it as your secret weapon to tackle those business essays like a pro. We'll keep it real, easy, and super practical – no fancy jargon or complicated theories. Let's dive into the world of business essay writing, where your words can make a big impact. In case you lack time or motivation to finish your assignment, use our business essay writing service to streamline the process.

What Is a Business Essay

Business essays are written pieces that explore and analyze various aspects of business-related topics, often focusing on management, marketing, finance, or entrepreneurship. They provide a platform for students and professionals to articulate their understanding of business concepts, theories, and real-world applications. Typically written in a formal and structured manner, a business essay requires critical thinking, research skills, and the ability to communicate ideas effectively. Whether delving into case studies, discussing industry trends, or evaluating business strategies, the essay aims to provide insights, draw conclusions, and contribute to a deeper understanding of the dynamic world of business.

How to Write an Introduction for a Business Essay

A business essay introduction sets the tone for the entire paper and captures the reader's attention. Here are some steps and tips to help you write an effective introduction for a business essay:

• Understand the Purpose of the Introduction

Clearly understand the purpose of your essay. Are you providing an overview of a business concept, analyzing a case study, or arguing a specific point? Tailor your introduction accordingly.

• Start with a Hook

Grab the reader's attention with a compelling hook. This could be a relevant quote, a surprising fact, a rhetorical question, or a thought-provoking statement. The goal is to make the reader want to continue reading.

• Provide Context

After the hook, provide some background or context related to the topic of your essay. Help the reader understand the significance and relevance of the subject matter in the business world.

• Thesis Statement

Clearly state your thesis or the main argument of your essay. This should be a concise and focused statement that outlines what the reader can expect from the rest of the essay. Make sure it is specific and reflects the purpose of your writing.

• Outline the Scope

Briefly outline the main points or areas that your essay will cover. This gives the reader a roadmap of what to expect and helps them understand the structure of your essay.

• Use Clear and Concise Language

Keep your introduction clear and concise. Avoid unnecessary jargon or complex language that might confuse the reader. Aim for clarity and precision.

• Be Relevant

Ensure that every sentence in your introduction is directly related to the topic of your essay. Avoid going off on tangents or providing excessive information that doesn't contribute to the main points.

• Consider the Tone

Choose a tone that is appropriate for your audience and the nature of your essay. Business essays can vary in tone, from formal and academic to more conversational, depending on the context.

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Business Essay Introduction Example

Here’s an example of an introduction for an essay titled “The Rise of E-commerce: Shaping the Future of Retail”:

The retail landscape is undergoing a seismic shift as e-commerce continues to redefine the way consumers shop. In this essay, we explore the profound implications of this digital transformation on traditional retail models and analyze the key strategies businesses are employing to thrive in this dynamic environment. From changing consumer behaviors to the strategic use of technology, the impact of e-commerce on the retail sector is undeniable, prompting businesses to adapt or face the risk of obsolescence.

How to Write a Business Essay

Working on a business essay might seem daunting, but it doesn't have to be. In this guide, we'll break down the process into simple steps to help you navigate through it smoothly. In this next section. We’ll be breaking down the essentials of drawing up a business essay from start to finish. From defining your main argument to structuring your points effectively, let's explore the key strategies that will set you on the path to success. 

Analyze the Prompt

Start by carefully reading and understanding the essay prompt. This involves breaking down the question to grasp what it's asking for, identifying the main topics, and recognizing any specific tasks or points to cover. This step helps you set the stage for a focused and relevant essay by ensuring you address all aspects mentioned in the prompt. You can hire a business essay writer to expedite the process if you want.

Think of a Thesis Statement

When writing a business essay, think of the thesis statement as the essay's compass. It should be a concise, strong sentence that lays out your main argument or viewpoint on the topic. Your thesis guides the entire essay, so make sure it's specific, debatable, and gives readers a clear idea of what to expect in your writing.

Create an Outline

We’ve already shared tips on how to write an introduction for a business essay, so let’s move on to the next stages. Organize your thoughts by outlining the main points and structure of your essay. This doesn't have to be too detailed; just a roadmap that helps you see how different ideas connect. An outline ensures a logical flow in your writing and prevents you from going off track. By the way, have you already picked business essay topics ? If not, here’s a list of great ideas you can use!

Provide Topic Background

Before diving into your main points, the business essay writing format implies giving your reader some context about the topic. Briefly introduce the key concepts, relevant facts, or historical background that will help readers understand the importance and relevance of your essay.

Write the Main Body

Start developing your essay by expanding on the main points outlined in your thesis. Each paragraph should focus on a specific idea or argument supported by evidence or examples. Be clear and concise, ensuring a smooth transition between paragraphs. It’s the most difficult part of the assignment, meaning you can use our college essay service to simplify it.

Write a Conclusion

Summarize your key points and conclusively restate your thesis. The conclusion should tie up the loose ends and leave a lasting impression on the reader. Avoid introducing new information but rather reinforce your main argument. For more details about how to write a conclusion for an essay , please refer to our guide.

Add a Bibliography

List all the sources you used in your research. Be meticulous about citing your references properly, following the chosen format (APA, MLA, etc.). This adds credibility to your essay and avoids plagiarism issues.

Edit and Proofread

As you’ve learned how to write a business essay, it’s time to master the art of self-revising. Review your essay for clarity, coherence, and grammatical errors. Editing ensures that your ideas flow smoothly, and proofreading catches any overlooked mistakes. It's a crucial step to polish your essay and present a professional piece of writing. Do you have another assignment on business management ? This guide will help you!

Choose the Writing Format

Reiterate the importance of selecting and adhering to the chosen writing format throughout the essay. Consistency in formatting, citations, and other style elements contributes to the overall professionalism of your work.

Business Essay Example

Business essay examples offer practical assistance to students tackling assignments by showcasing the application of essential writing principles in a real-world context. As a tangible reference, it demonstrates an effective essay structure and how to formulate a clear thesis statement and provide coherent arguments. By examining examples, students can glean insights into research techniques, proper citation practices, and overall essay organization, empowering them to approach their business assignments with increased confidence and proficiency.

Example 1: “The Impact of Technological Advancements on Modern Business Operations”

This essay explores the multifaceted impact of technology on operational efficiency, innovation, customer relations, and global connectivity. From integrating automation and artificial intelligence for streamlined processes to facilitating global expansion through digital platforms, technology emerges as a driving force shaping the success and sustainability of contemporary enterprises. While acknowledging the numerous benefits, the essay also highlights the challenges and ethical considerations inherent in adopting these technologies, emphasizing the need for businesses to navigate these complexities responsibly for long-term growth and competitiveness.

Example 2: “Sustainable Business Practices: A Strategic Imperative for Corporate Success”

This essay explores the pivotal role of sustainable business practices as a strategic imperative for corporate success in the contemporary entrepreneurship scene. Addressing environmental concerns, social consciousness, and economic viability, the essay delves into the multifaceted benefits of adopting sustainable approaches. It discusses how businesses can align profitability with responsible practices, emphasizing environmental stewardship, social impact, and community engagement. The essay underscores the importance of regulatory compliance and risk mitigation in business by examining the economic advantages and innovation opportunities arising from sustainable initiatives.

Final Considerations

Students engage in writing business essays to develop essential skills and knowledge crucial for success in the professional world. These essays serve as a platform for honing critical thinking, analytical, and communication skills, allowing students to articulate and analyze complex business concepts. Through the process of researching, organizing thoughts, and constructing coherent arguments, students gain a deeper understanding of business principles and practices. Business essays also cultivate the ability to synthesize information, evaluate various perspectives, and present well-reasoned conclusions. If you find with task troublesome, you can always tell us, ‘ write my research paper ,’ and one of our wordsmiths will fulfill the assignment quickly.

Writing Business Essays Doesn’t Work for You?

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How Many Paragraphs Does a Business Essay Have?

What is the most important part of a business essay, how do you start off a business essay, related articles.

16 Reasons to Start a Business

Starting a business can be a life-changing experience. It can also seem like a scary one if you’ve never done it before. So you daydream about it, imagining yourself as rich as Jeff Bezos, as innovative as Sara Blakely, and as ambitious as Jack Ma. Future you is going to dominate the world. But today you is a little bit nervous about what starting a business entails. Truth is, we need future you now more than ever, so let’s break down the reasons to start a business to give you that kick in the butt you desperately need.

Post Contents

1. Work From Anywhere

2. it’s in your blood, 3. experience freedom, 4. to find others with similar interests, 5. feed your family, 6. to create a product you need, 7. escape the 9 to 5, 8. to give back, 9. take ownership of your career, 10. you’re inspired, 11. quit a job you hate, 12. create jobs, 13. to kill boredom, 14. pursue your passion, 15. build something, 16. create a legacy, want to learn more.

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There’s something magical about the daydream of you drinking a daiquiri or a beer on the beach working on your laptop at sunset. It almost feels surreal – doing what you love where you’ve always dreamed of being. And while it can be hard to use your laptop with the sun’s glare on your screen, truth is working from anywhere does have its perks. You can run your business from your laptop during a flight to an exotic destination. Or at a coffee shop, library, coworking space, home, and basically any other place with a Wi-Fi connection. Let’s be honest, nobody wants to work in the same boring place all the time. So if you’re looking for the freedom to work anywhere, you can add this to your list of reasons to start a business. You might also find that the digital nomad lifestyle is for you.

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If you ask people why they started a business, experiencing freedom would be at the top of most lists. More people are taking Ariana Grande’s 7 Rings advice, “ I want it, I got it.” From taking vacations when you want to waking up at any hour of the day, running a business allows complete control over how to schedule your day, your breaks, who you spend time with, what days you work, working around your energy levels, and more. The biggest reason for starting a business is that your life is back under your full control.

A solid reason to start a business comes down to supporting your family. In life, family comes first always . It’s not just about putting food on the table, it’s also about making sure your family has money to create special memories together with vacations, weekend getaways at the cottage, trips to the amusement park, or a special birthday party for your young child. And it’s important to make sure your children are set up to be successful – tutors, sports or dance classes, hobbies, books , and more. By starting a business, you can help provide a higher quality of life for your family that a 9 to 5 job just can’t match.

“Since CBD is not yet regulated, there is so much misinformation out there. Each company seems to have different labeling techniques and dosing, which, in the end, left me with more questions than answers. With my background in launching businesses, I decided to go straight to the source.

“I knew others felt my frustrations, so I decided to start my own line. This way, I knew exactly what was in the formula. I started this business out of necessity, but also with the hope to help bridge the gap between an amazing product and the end user. ”

Ugh, the dreadful 9 to 5 job. The 9 to 5 can be a place where your dreams go to die. Why do we invest so much of our energy and time to help others realize their dreams without investing in ourselves first? You deserve to wake up at a time of your choice, work in a career you love, and make money for yourself. And by starting a business, you can do all that and so much more.

“My first souvenir coin turned out to be a big success, driving a lot of interest and also getting me featured on CBC Ottawa News . This has motivated me to start my entrepreneurship journey so that anyone interested can have their personalized coin minted at their event. Now I am invited to weddings and private parties as well as corporate events, and share this joy of striking souvenir coins with all event guests.”

Pay raises, promotions, and company guidelines tend to be outside of your control. Whereas when running a business, you get as much as you put into it. If you invest in heavily marketing your products, you’ll generate more sales than someone who didn’t. At your 9 to 5 job, your career growth and income is capped. The average company pay raise is about 3.1% each year. And that pay jump usually coincides with inflation going up so you’re not really making as much money as you think. If you’re looking to advance in your career, the easiest way to do that is to start a business. Why? Because entrepreneurship requires you to learn and master a lot of   business skills allowing you to experience the level of growth your day gig can’t match.

Mark Ranson, Founder of the fashion store Mark & Vy , shares, “I studied IT at university but it was probably Tim Ferriss’ book, ‘The 4-Hour Workweek’ which solidified the idea that an e-commerce business could really be a viable option for me. I hated the corporate life, being tied to a cubicle for long hours, and I wanted to grow something myself from the ground up. It would take a number of years, moving to Vietnam and meeting my wife before these plans would really come to fruition however.

Vietnam is home to some master tailors and my wife grew up in a tailor’s shop, with many relatives also working in this profession. Our particular passion is traditional Vietnamese dresses called ‘ao dai’, and the amazing quality of the tailoring which goes into every single dress from the best tailors. We wanted to help bring these beautiful, elegant dresses to the world, and particularly those who don’t have access to high quality tailors in the home countries, and hence our brand ‘mark&vy’ was born.”

Annoying coworkers, bad managers, lack of recognition, and an unfulfilling role can all contribute to the dread you feel every morning before heading to work. Why spend 40 hours a week doing something you hate? Don’t say to make money because there are a ton of ways to make money online . Seriously, why do you keep torturing yourself when there are so many other options. Do you realize how talented you are? Your company interviewed countless people, but they ultimately hired you . If your recruiter and boss believed in you, what’s stopping you from believing in yourself? You can succeed as an entrepreneur. Don’t be the person blocking your own success.

Maybe you grew up in a home where your family lived paycheck to paycheck, or you watched seasonal workers in your family get laid off each year. A popular reason to start a business sometimes comes from wanting to create jobs to help other families. Some entrepreneurs love that they can give back an opportunity that someone once gave them: a paying job. This altruistic reason to start a business leads to a sense of fulfillment and purpose, which keeps entrepreneurs motivated for years to come.

“Choose a job you love and you’ll never have to work a day in your life.” Motivational quotes like this one from Confucius remind you that you can pursue your passion to live a happier life. And I know that some people will tell you that some passions aren’t profitable to discourage you from doing it. But remember it wasn’t too long ago that video gamers first realized they can make money streaming their game time. And there are beauty bloggers who now make money from video tutorials, selling beauty products , and influencer posts. So remember, if your passion is tied to a niche, you can and will find a way to start a successful business doing what you love.

Some of today’s most powerful businesses were built by creators. You can create an app, a blog, an online store, an ebook, graphic designs, etc. By taking those creations and promoting it to a relevant audience you can start your journey as an entrepreneur. Many successful entrepreneurs started businesses because of their obsession with creation. They recognize that their ability to turn nothing into something tangible that’ll help or entertain others motivates them to create more. Creators are the doers of the world which is why it makes perfect sense why so many of them turn to entrepreneurship.

Unless machines take over our consciousness in our lifetime, there’s a chance that in a few generations after our death we’ll no longer be remembered. Scary thought, I know. So, how can you become memorable? You can build something that outlives you. You can build a business . If you want to be remembered long after you’re gone, you can build a brand that outlives you that continues on for generations. You don’t have to build something innovative or unique, you just need to build something that lasts. You can start with an online store focusing on getting those first few sales. And as the years pass and your brand grows, your impact in that niche can expand into other categories and serve customers in ways they don’t expect. Building a legacy won’t happen overnight. However, the steps you take today can lead to a huge impact in the world a few years from now.

They say that half the battle of building a business is starting. It’s true. Those daydreams you’re living in aren’t real. I know it’s terrifying to take a risk and to take a chance on yourself. But how is it fair that your boss becomes a millionaire when you’re slaving away doing all the work? What skills do you crush your coworkers at that can help you succeed on your own in the long run? Do you want your boss in the driver’s seat when it comes to how much money you make? No. So, who’s ready to start a business? YOU are.

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9 Benefits of Owning Your Own Business

November 9, 2023

View all blog posts under Articles

When people think of entrepreneurs in America, names like Mark Cuban, Jeff Bezos, and Mark Zuckerberg come to mind. However, for every Elon Musk, there are hundreds of thousands of business owners trying to carve out a slice of the marketplace, and that number is on the rise. Nearly 5.4 million new business applications were filed in 2021, a record high, according to the U.S. Census Bureau.

Small businesses made up more than 99% of all businesses in 2021 and employed nearly 59 million Americans, according to the U.S. Small Business Administration. Rather than signing on with an existing company, these small business owners bet on themselves and their own ideas.

The benefits of owning your own business are many, including the ability to follow your passion and be your own boss. If you’re drawn to the idea of one day becoming a business owner, you may want to consider investing in your education. An Executive Master of Business Administration (EMBA) degree can help prepare you for the rewards — and challenges — of entrepreneurship .

What Is a Business Owner?

As the title implies, a business owner oversees all monetary and operational aspects of a business. Regardless of the type of business, the most common aspects of running a business involve the following:

• Strategic planning
• Finance and accounting
• Compliance and legal
• Sales and marketing
• Customer service
• Human resources

Typically, a business provides either goods or services. Things like sports equipment, consumer electronics, and clothing are considered goods. By comparison, car repair, dentistry, and massage therapy are considered services. However, some businesses provide both goods and services. For example, a tanning salon provides tanning bed services along with goods such as bronzer lotion and tanning goggles.

The Four Types of Business Ownership

The precise role of an owner is different from business to business. Business ownership generally falls under one of the following four types:

• Sole proprietorship: In a sole proprietorship, a person owns an unincorporated business by themselves.
• Partnership: In a partnership, two or more people own the business and share the profits ; partnerships don’t have to be equal.
• Corporation: Sometimes referred to as a “legal person,” a corporation is a legal entity that’s both distinct and separate from its owners; a group of vested individuals known as shareholders run corporations.
• Limited liability company (LLC): An LLC is a business structure that protects owners from personal responsibility involving liabilities and debts; owners of an LLC are referred to as members.

What Are the Benefits of Owning Your Own Business?

If you’re considering becoming an entrepreneur, you may wonder what some of the benefits of owning your own business are. Some of the most notable advantages include:

1. Following Your Passion

Business owners have the luxury of being able to select the industry they wish to work in and the types of goods or services they wish to provide. People who are passionate about what they do often have a greater drive to succeed.

2. Providing for Your Community

Being a business owner means being able to fill a need in the community. Whether it’s doing hair at the local salon or making sure that suits look their best via dry cleaning services, local business owners are staples in thriving communities.

3. Being Your Own Boss

Few things are more empowering than being your own boss. For business owners, this means setting their own schedule, deciding which tasks to undertake and which to delegate, and having control over the company’s big decisions.

4. Ownership Equity

Being a business owner typically means reaping the highest reward when it comes to the business’ profits. The reason is that business owners have something the traditional employee doesn’t—equity. Equity is the value of a business, taking into account items such as stock price, company assets, and product inventory. When a business owner decides to sell a business, the percentage of equity determines the payout.

5. Taking Advantage of Tax Breaks

Another perk of being a small business owner is the assortment of tax breaks that may be available to you. The most common include the following:

• Qualified business income
• Advertising and marketing materials and services
• Rent on an office or storefront
• Office supplies
• Business-related travel
• Business-related meals

6. Establishing Core Values and Mission Statement

Salary and benefits may attract employees , but the values and mission are what define company culture and win over their hearts and minds. A business owner has the unique ability to determine a company’s moral direction and what it stands for.

7. Choosing a Target Market

Business owners can craft their marketing and advertising to a specific market or gear their services toward a specific community, region, or age group.

8. Selecting a Team of Associates

Being the boss means being able to build and develop a successful team of coworkers. Business owners often have a clear vision of the skills and experience they’re looking for and can apply ideals of diversity and inclusion to produce an equitable company culture that creates loyal employees.

9. Opportunities to Innovate and Be Creative

One of the biggest benefits of owning your own business is that operations don’t have to be “business as usual.” Business owners are free to pursue innovative ideas. They can take risks and experiment with their products, marketing, or store layout.

What Are the Challenges of Owning Your Own Business?

Although owning a business has numerous benefits, the work is far from easy. Being a business owner is often rife with challenges. Only 55% of businesses survive 5 or more years, while only 35% make it past 10 years, according to data from the U.S. Bureau of Labor Statistics. Additionally, business owners face many of the following challenges:

• Potential income instability and financial risk
• Uncertainty and work-related stress
• Long working hours, including weekends
• Lack of guidance or mentorship
• The pressure of being responsible for employees’ livelihood

Fortunately, a time-tested way to overcome these challenges exists: preparation. Understanding the challenges ahead and the best ways to overcome them is crucial for business owners to keep their companies going, particularly in the first few years of running a business.

One of the best ways to prepare to be a business owner is with a formal education in business.

Become Your Own Boss with an EMBA Degree

Small businesses play a vital role in the American economy, with advantages for both entrepreneurs and their customers. Owning a business is an opportunity to innovate and be creative and to provide a valuable product or service to the community—and these are just a few of the many benefits of owning your own business.

Investing in an education, such as Online Executive MBA program, can help aspiring entrepreneurs develop the skill set and knowledge base they need to run a thriving business. With courses such as marketing management, business analytics, financial management, and administrative control all laying the groundwork for a career as an entrepreneur, WSU’s Online EMBA offers students a foundation that can help them succeed in their business ventures.

Pursue your dreams of becoming a business owner with WSU.

Recommended Reading

How the EMBA Program Positively Impacted My IT Career

How You Can Become a Leader Through EMBA Studies

Advice for Running a Small Business

Enterprise League, “19 Benefits of Owning a Business to Awaken Your Entrepreneurial Spirit”

Indeed, “10 Pros and Cons of Being a Small Business Owner”

Investopedia, Corporation

Investopedia, Partnership

Investopedia, “ Top 6 Reasons New Businesses Fail ”

Investopedia, “What Is an LLC? Limited Liability Company Structure and Benefits Defined”

IRS, Sole Proprietorships

Joint Economic Committee Democrats, “ New Businesses Boomed Across the Country and Reached Record Highs in 2021 Under President Biden ”

Shopify, “Starting Your First Venture? Here’s What You Need to Become a Business Owner ”

The Balance Small Business, “The Benefits of Owning Your Own Business”

U.S. Bureau of Labor Statistics, Survival of Private Sector Establishments by Opening Year

Learn more about our Online MBA programs

Business Essay and the Best Way of Its Writing

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Business is an essential aspect of today’s evolving world. It is a lucrative industry that impacts many sectors, including education. Business-related courses are popular as many students are pursuing the programs. There are many branches in the business field, from business management to finance. College tutors often give students different business papers to test their knowledge as part of the assessment.

A business essay is an academic assignment that involves writing a paper that responds with a strategic and analytical approach to specific situations occurring in the market. Each business essay has a different topic that students tackle. However, the primary purpose of such essays is to collect relevant facts that align with the research question and analyze the data to get solutions.

Writing a business essay might seem simple, but it requires impressive writing skills and extensive research. You must be familiar with the topic to know the paper’s direction. Topic selection is a tricky section that affects the entire writing process. It is essential to identify a relevant topic to assist you in crafting a remarkable paper. You have to write a well-structured and compelling paper to get good grades. Presenting accurate arguments with supporting examples from reliable sources is an essential research aspect. Thus, a business essay must follow the required academic standards and theoretical frameworks.

However, writing is not everyone’s cup of tea, and incorporating logical arguments can be challenging. If you are stuck, you can check any business essay example online to understand the format. You will know how to structure the paper and relate it to the relevant themes.

That is why our writing service is here to help needy students craft exceptional essays. We will connect with a proficient business essay writer to help with the research and writing process. Get flawless documents from us and earn the best score in your class.

Business Essay Format

Most learners often overlook the importance of having a business essay format. It is imperative to use a format to help you outline your work. Proper thought organization and articulation are essential aspects that translate into a well-written business essay.

Below is an example of the format:

• Introduction
• Background information
• Introduce main topics
• Thesis statement
• Topic sentence
• Research explanation
• Restate points
• Significance of the study

The above outline is a map that will guide you to know what to include in each section. In addition, you will understand what the assignment requires you to do from the introduction to the conclusion.

If you still find it challenging to get the proper format, you can study a relevant business essay example from our site and jumpstart your paper. Whether you need a business school essay or a business plan essay, we have you covered.

Write Business Essay In 5 Steps

While writing might seem challenging, with the proper format and topic familiarity, you are on the right track. It is imperative to understand the writing process before composing your business essay. You need to read the prompt carefully to know what you are supposed to research and write about.

Here is an overview of the writing process in 5 simple steps:

• Topic Selection

Choosing a good topic is mandatory in crafting an excellent paper. You must select a theme that aligns with the research question. Additionally, ensure you select a familiar topic you are passionate about to avoid writing mistakes and illogical paragraphs.

• Extensive Research

Conduct extensive research to get facts and supporting evidence. Narrow down your theme and include only good points. Avoid broad topics because you will waste time during research.

• Essay Outline

Make sure you use a proper outline to organize your thoughts and line of arguments. Follow the format essay

Start writing your paper while using the required academic format. Organize your work and include the introduction, main body paragraphs, or conclusion.

• Editing and Proofreading

Finally, edit and proofread your essay to eliminate grammatical and spelling mistakes.

The above steps will help you during business essay writing to craft remarkable papers. It would be best to plan your time adequately to avoid rushing through the process. However, you must select an appropriate topic for your paper. It could be a business management essay or a marketing paper. No matter the subject discipline, ensure you follow the correct procedure.

Business Essay Topics

Our experts have compiled a list of different business essay topics to inspire your writing:

• Discuss the importance of bookkeeping in a business.
• Evaluate the impact of value addition in products.
• An analysis of income and expenditure transactions.
• Analyze the supply-chain industry.
• The effects of product promotion in business growth.
• How to develop an effective marketing strategy.
• Impact of policymaking in enhancing company productivity.
• What is multilevel marketing?
• Impact of technology in the business world.
• Discuss the challenges affecting entrepreneurship.
• Significance of human resource management.
• Explore the importance of budget analysis.
• How does technology impact advertising?
• The importance of a financial strategy.
• How to start an online business.
• How can organizations profit from sustainable practices?
• How to develop a positive organizational culture.
• The importance of employee diversity in an organization.
• Effective ways of fraud prevention in a company.
• Explore the communication channels in an organization.

Let us look at interesting argumentative business essay topics

• Discuss the influence of cultural differences on international companies.
• A comprehensive analysis of cryptocurrencies.
• Discuss the ethical dilemmas in international organizations.
• The influence of globalization on the business community.
• Should large organizations have a social media presence?
• Causes and effects of economic recession.
• Impact of politics on business growth.
• Discuss the effective strategies of negotiating cross-cultural business deals.
• Explore the integrity of online entrepreneurship.
• The impact of corporate social responsibility in an organization.

The field is quite diverse with various course programs. You can derive different topics from these programs to get logical arguments. So, get inspiration from the compelling business school essay examples and craft exceptional papers.

How To Start A Business Essay

Knowing how to start a business essay is essential for academic writing. The first step entails topic selection because it will determine the essay’s direction. Identifying a relevant topic is vital, and you need to ensure you get the suitable theme. It will also help save you time during research and simplify the writing process.

When it comes to essay writing service , business papers are among the assignments that require extensive research and analysis. Read the essay prompt carefully to understand the tutor’s expectations. Then, make sure you conduct a comprehensive brainstorming session to get the major points for your paper. Having the right points will help you compose logical arguments in a flawless manner.

Moreover, it would help to read previous essays and publications from reliable essays widely. You will get essential data to support your arguments. Besides, the sources will help you cite your essay correctly.

Start your essay with an insightful introduction and include your perspective regarding the topic. Incorporate a powerful thesis statement that informs your readers of the paper’s direction and the major points you will discuss.

Proceed to write the body paragraphs with a topic sentence that captures all significant arguments. Each paragraph should have well-explained arguments that flow logically.

Finally, conclude your business essay by restating your main points and the significance of the study.

Still, need help with your paper? Worry no more. Our competent business essay writers are on standby, ready to assist you with any academic paper. Stop wasting time and reach out to us. We will help you score top-of-the-class grades within no time.

The paper “Enterprises Resource Planning Success and Failure” is an outstanding example of a business essay. An Enterprise resource planning (ERP) system according to Aslan et al. (2012, p.693) is a management system within an organization that has sets of connected inclusive software, which may be used when espoused and put into practice effectively, to oversee and connect every organizational function. Basically, ERP systems may be employed as a tool for helping to improve the supply chain network as well as the level of performance by helping in decreasing cycle times.

Besides that, ERP systems have been utilized routinely in capital-intensive industries like building, construction, manufacturing, as well as defence. Latterly, ERP systems have advanced further and nowadays they are prevalent in industries such as education, health care, finance, hospitality, and telecommunications. Fundamentally, the benefits of ERP systems are hard to realise not unless a strong disposition, as well as participation, is established within the organisation; so, the article seeks to critically analyse ERP success and failure experienced by organisations.

BodyAs mentioned by Hellens et al. (2005, p.283), ERP systems are built upon a single database and application, as well as a coordinate that is unified in the whole organization. For that reason, every application serving different departments such as HR, accounting, and supply chain are integrated firmly under a single ERP system. Al-as observed by Al-Masha et al. (2003, p.354), ERP systems are useful when successfully implemented because they accelerate the process of decision-making. So, the success of ERP systems depends on the ability of an organisation’s managers to efficiently oversee the operation of a business, given that ERP systems can help them reduces operation costs.

Success drivers of ERP systems can be categorised into two: operational and technological drivers. In this case, operational drivers are associated with ways of improving organisational performance, supporting business strategies, as well as cutting production costs. On the other hand, technological drivers are predominantly associated with compliance with existing rules and regulations. The notion of success varies as the process of implementation continues, in that for planning and implementation (the first two stages of the cycle) success is mainly rooted in completing the ERP project to the standards that are acceptable within the budget as well as a time limit.

As pointed out by Hanafizadeh et al. (2010), stabilization as well as Improvement (the last two stages of the cycle) success is founded on the seeming impact of the ERP system on the performance of the organization. As indicated in Hanafizadeh et al. (2010) study, there are scores of factors vital for the success of ERP systems; support is top management one of the factors, and it involves encouraging commitment, positivity, and support of top management in the ERP project. Another factor is the utilization of knowledge as well as experience of system and technology consultants.

Additionally, the balanced project team is crucial for the success of ERP systems because it includes the integration of employees and information technology with the broad knowledge of the processes in the organization. As evidenced in Hellens et al. (2005) study, the accuracy of the information is crucial to the success of ERP project, so, data loaded from accessible legacy systems must at all times be of high quality. ERP project cannot succeed if the project management teams do not have a well-defined, detailed project plan related to the goals of the project.

Change management is also a success factor in the implementation of ERP project; so, careful attention has to be offered to this, considering that several changes in business processes are experienced during ERP systems implementation. Training and education are also important given that technical expertise regarding the ERP system, its reference model, and facts regarding its working are useful in the process of implementation. Other factors crucial for success consists of, availability of experts who aside from being in top management will frequently help the organization realize ERP system benefits.

Failure of ERP projects has been prevalent, and this has continued to bite worldwide across all business platforms. As pointed out in Xue et al. (2005, p.279) study, ERP poise substantial benefits like improving customer service, reducing manufacturing costs and boosts productivity, but these benefits are only realised after successfully implementing the ERP systems. Nevertheless, statistics show that implementation of ERP systems is still a failure amongst scores of companies. Statistically, 90 per cent of ERP systems implementations in Asia countries, especially China are either completed late or use more money and resources than those stipulated in budget.

In Xue et al. (2005) study, where they differentiated implementation success of ERP system in China as well as western countries, they noted that China had a higher percentage of failure which was attributed mainly to lack of support from top management as well as data inaccuracy. Other factors that led to ERP failure include poor participation, education and training, insignificant time ensuing from a minimal understanding of cross-operational organisational processes (Dechow & Mouritsen, 2005, p.691). Furthermore, ERP systems are exceedingly expensive, and also the need for the organisation to hire consultants to assist in the configuration as well as implementation, results in further escalation of price; thus, creating a high possibility of failure.

The cost used on consultants is almost thrice the cost of an ERP system; this negatively affects the productivity of the company and can lead also to the failure of the ERP system. ConclusionIn conclusion, it has been argued that ERP systems are beneficial because they improve the flow of information between every function of the company and also manages the connections to external stakeholders. Currently, the key basis of competitive advantage is the capability of a business to improve the processes of the supply chain.

This necessity has created the need for more advanced information systems like ERP systems. The articles have heightened numerous factors critical to the success of ERP, and which have allowed companies to efficiently plan their resources resulting in business efficient functionality and increased productivity. Failures as discussed in the article are caused by lack of support from top management, data inaccuracy, and lack of sufficient education and training.

The paper “New iPhones Show a Hit For Apple as Quarterly Profit Fluctuate 13 Percent” is an outstanding example of a business literature review. Yao (2014) explains that China is expected to provide information about its weakest growth since the occurrence of the global financial crisis within the third quarter while the property downturn is assessed based on manufacturing and investment. As a result, more pressure has been put on Beijing to unveil new stimulus measures. According to Yao (2014), the market assumes that the Communist Party leader will be able to adjust to the gradual slowdown. This will happen only in circumstances where there are no possibilities of experiencing a potentially destabilizing fluctuation in unemployment. However, anything weaker would lead to more speculations of key stimulus measures, for instance, an interest rate cut. Although the leadership has consistently provided steady aid specifically to vulnerable sectors of the economy, it has been noted that several stimuli have been ignored because China is still struggling to pay a huge local government debt (Yao 2014).

Article 2: New iPhones show a hit for Apple as quarterly profit fluctuate 13 percent

Due to strong demand for APPLE’s new larger-screen iPhones released in September, its quarterly profit increased by 13 percent. This also enabled APPLE to overcome the sluggish iPad sales (Jones 2014). Despite the more intensifying competition felt by Samsung Electronics as APPLE’s leading Smartphone competitor, Jones (2014) points out that the iPhone is attracting more consumers who are also ready to pay high prices particularly for cutting-edge handsets. Through its latest phones, Apple is profitably catching with its major competitors, such as, Samsung that have from time to time managed to post attractive sales of larger phones. It has also been noted that the marketing strength that iPhone has gained stands in contrast to sluggish iPad sales and the issues affecting Samsung’s Smartphone business (Jones 2014).

Article 3: Coal not the solution for poverty

Couchi (2014) examines that cheap coal-fueled electricity is highly considered by miners and politicians as the best alternative way out of poverty, particularly for developing nations. However, Africa has not considered this. In the business report provided by Couchi (2014) about the U.S financial group Citi, it can be noted that the booming market for African electricity has been a result of the coal approach. In the attempt to reinforce coals bearish outlook, Couchi (2014) reports that Citi discovered that a new International Energy Agency (IEA) outlook on the commodity is in contrast with the idea of BHP, the US coal producer Peabody as well as the Minerals Council of Australia which maintains that coal would play an integral role in minimizing energy poverty, particularly for developing countries. Despite its metallurgical and thermal forms, coal is considered the second-biggest mineral exported from Australia after iron ore (Couchi 2014).

Article 4: Ebola could be in the headlines, but tobacco is yet another killer in Africa

Research conducted by The Guardian (2014) shows that although Ebola dominates the headlines, there is yet another killer pandemic of great importance that continues to kill many people in the African continent unnoticeably. It is has been noted that tobacco kills at least one between two long term smokers. Currently, it is anticipated to kill 1 billion people globally before 2100. This is relatively more compared to the current number of people who die of Ebola. The Guardian (2014) terms this global issue as injustice and inequality because Transnational Tobacco Companies (TTCs), such as UK-based British American Tobacco (BAT) earn humungous profits yet they cause economic damage worthy over half a trillion dollars each year. Besides, TTCs contribute more to environmental degradation and thus create risks that compromise the health as well as the sustainability of populations. To earn more profits, TTCs are currently shifting and expanding their business to untapped markets in regions with unrestricted opportunities for growth (The Guardian 2014).

Article 5: NAB, ANZ lead pack in building home-lending share

The home loan is still considered the major driving force in recovering credit growth for banks. In this case, National Australian Bank (NAB) and ANZ are on the frontline to encourage the big banks in taking the advantage of the mortgage market, while home and business lending are sustainably becoming strong. Therefore, NAB and ANZ have put on media their fastest growth out of the big in all the past three months (Yeates 2014). Despite the faster growth and expansion made by NAB compared to their rivals in home lending, Yeates (2014) notes that analysts see business lending as a bigger concern because the bank has lost shares and faced more pressure, particularly on its margins. Generally, the home loan market is considered a major driving force that enables banks to recover from credit growth regardless of the risks associated with life specifically in business lending (Yeates 2014).

The paper “Globalization and Culture” is an outstanding example of a business essay. Today, it is common to hear people refer to the world as ‘a global village’. This has been a result of the process of globalization. This process has opened up and improved trade across regional and national borders. Not only has globalization enhanced economic interactions across nations but also improved access to information and uplifted the fight for human rights, among other benefits. Recent technological and communication developments along with improved road networks have been the key drivers of globalization. However, critics of globalization say that these benefits have been realized at a very high price: that of surrendering regional and national cultural values, mainly, for Western morals (Kwame, 2007).

Regarding this debate, two key schools of thought emerge. From one angle critics argue that globalization spreads out any and every culture all over the realm, leading to cultural heterogeneity and deeper understanding between diverse groups. This is mainly defined through the global production and distribution of commodities such that people in different parts of the world have access to commodities they would otherwise have never seen. A case in point is the cultural interaction between the United States and Japan. Teens in the U.S interact with the Japanese culture through their comic books, animations and video games, while teens in Japan interact with the American culture through watching TV shows and Hollywood movies produced in the U.S (Kwame, 2007).

On the flip side, critics argue that globalization erodes the regional and national cultural identity through cultural homogeneity. This leads to a cohesive global culture constituting diluted varieties of regional and national cultural nuances. For instance, French pastries, ‘American’ fried chicken, and Japanese sushi can be eaten in almost any part of the world. Restraint chains such as MacDonald’s and Starbucks have influenced traditions and behaviors in different countries. Even though champions of globalization claim that this merely affects consumer goods and media broadcasting, critics contend that it deteriorates customary culture ((Kwame, 2007; Czinkota, 2003).

Culture is a prevalent aspect in business whether it is in marketing, production, or human resource management. It is a key variable in the function of success in new markets (Czinkota, 2003). People’s purchasing decisions are based on a product’s design, style or color that supports their religious beliefs and practices. Empirical evidence shows that the success or failure of a company, especially, in a foreign market is reliant upon the effective managerial exercise of local religious beliefs and practices. Therefore, managers ought to be on familiar terms with their market’s religious differences given that religion influences people’s attitudes. For instance, Asians have a different attitude toward authority and women that differs from Western beliefs and practices. Whereas many parts of the world, including Asia, South America, and Africa, value collectivism very much, Americans are more individualistic. Chinese, Latin Americans and Koreans take time casually even as Americans are more proactive.

Failing to appreciate the religious beliefs and practices of the market will often lead to lots of inadvertent mistakes, such as being socially violent, cultural mix-ups, tarnished interpersonal relations, poor negotiations. As a consequence, the company’s future performance dwindles as profits decline. Lack of religious competence, or religious dogmatism, can easily put at risk millions of dollars through fruitless negotiations, lost purchases or sales, and pitiable customer relationships (Czinkota, 2003).

Cultural Literacy

Culture is a broad system that includes traditions, beliefs, attitudes, values, institutions and social interactions. This system reflects the global crunch facing the human race, and so it is a cultural catastrophe (UNESCO 1997). Dealing with such a cultural diversity calls for an important skill referred to as cultural competence. Chrisman (2007) defines cultural competence as ‘attitudes, practice skills, and system savvy for cross-cultural conditions’. The key force in work involving cultural competence is the people’s flexibility and ability to appropriately consider and treat the general public politely and in a proper way fitting their culture. Cultural literacy takes account of cultural competence plus the capacity to analytically mirror, and if needed institute change in, one’s a specific culture. Cultural literacy also comprises the capacity to examine the actions of central cultures measured against other cultures. This becomes very much useful in business. A case in point is the understanding of the effect of globalization or cross-cultural businesses on indigenous cultures all over the world.

Cultural literacy has been likened to an iceberg, through the iceberg model of culture. This is due to the expanse contextual material one requires to understand the culture. Cultural literacy often involves much more than the information essentially spoken. In other words, to understand the meaning of a cultural term, one has got to have much information that is not revealed by the bare meaning of that term. The clear cultural meaning of the term is like the ‘tip of an iceberg’ meaning that the deeper understanding lies below the casual meaning of the term and it constitutes a person’s own applicable information. It is known that 15 per cent or less of an iceberg can be seen above the water surface, 85 per cent or more of the iceberg is submerged below the water surface. This means that there is quite a different picture depicted shallowly from that which is the actual translation in the literature, giving the imprint that implied information comprises relatively tiny bits and pieces of information, left out by the correspondent due to dismissal or suitability (Hawkes, 2001).

Figure 1: Iceberg Model of Culture

It has been stated earlier that culture is a broad system that among other aspects involves religion. The world is very diverse in terms of culture as well as religion. Each culture embodies a creation in itself and yet it is not closed. Cultures give religious convictions semantics, and religions provide decisive connotation to each culture. Religion is a way of life for numerous cultures saturating every one human action. In other cultures, it characterizes the utmost ambitions of human life, and for others, religion is an institution that claims to convey a meaning of deliverance (Hawkes, 2001).

The paper “The Different Communications ” is an outstanding example of a management assignment. Phone: 23 rd August: the communication was made to remind that the bill for the mobile phone is outstanding and if not paid within the date will have a fine imposed on it. The communication was successful as it helped to fulfill my need and acted as a reminder. Further, the call also ensured that it was complete and all the details like outstanding amount, due date, late fine, and other details were provided. The call was complete and highlighted the important aspect which if ignored could have an impact on my usage.

Radio: 24 th August: The communication was made regarding the areas which are having huge traffic and showed the roads which should be avoided. The communication was successful as it helped to fulfill my requirements by highlighting the different roads which need to be avoided and which need to be used. The communication was further clear and loud regarding the different roads and path which should be avoided. This method acted as one where proper guidance was provided and acting in the correct way was highlighted so those correct decisions can be taken.

Communications that were unsuccessful

Television: 24 th August: The communication was made regarding the sale of women’s garments. The communication was ineffective because in the first instance it didn’t meet my needs and requirements as I was not looking to shop. Secondly, the message was not constructed properly as it didn’t speak about the brands which were available on sale, the different garments which were available, and also didn’t highlight the date when the sale would end.

Phone: 25 th August: The communication was made regarding the mobile bill payment which has already been made. The call was ineffective because it was not required as the payment has been made and I had the required receipt. The call was instead a wastage of time. In addition to it, the call was not constructed properly and required to focus on areas through which a message would have been enough as a source of communication to ensure that the payment was correctly entered.

Reasons for communication not to be successful

The communication process can be improved in the following ways

Firstly, ensuring that the communication which is made is required and is addressed properly so that the person who receives the communication gains from it (Nicholas, 2013)

Secondly, providing complete information is essential as it will serve as a benchmark to evaluate the manner in which different information is passed (Anne & Bochner, 2007). It will also help to understand the important matter which has been spoken and will help to highlight the manner in which changes can make so that proper communication and message is passed

Thirdly, the targeted audience was wrong and it is important to correct the audience (Mehrabian and Susan, 2007). This will help to improve the validity and reliability of the communication and will ensure that the process of communication becomes effective and is directed towards the correct person

Fourthly, the process of communication needs to be improved and changed so that the message is correctly interpreted and passed with the same intention (Imahori & Lanigan, 2012). This will help the listeners to evaluate the message in the correct form and will help to ensure maximum response.

Fifthly, the media which are used needs to be chosen wisely as the usage of a message instead of a phone call for bill paid confirmation would have been more helpful and could have caught the attention of the audience in a better way. This would have multiplied the effectiveness of communication and would have helped to understand the important points and issues.

The process of communication thereby requires working on the smaller and important aspect so that the overall process of communication improves and helps to provide the required dimensions through which effectiveness can be gained in the manner messages are passed.

The paper “Why Did Telefonica Initially Focus on Latin America” is a perfect example of a business assignment. Based on Telefonica’s objectives of rapidly increasing shareholder value, profits and achieving growth, it had to take advantage of location economies. Hence, the company initially focused on Latin America, as it must have perceived FDI to be a means for circumnavigating trade barriers. Indeed, the reasons why Telefonica initially focused on Latin America are perceivable through the lens of the Uppsala Model Theory.

According to the theory, the internalisation of a company across many foreign markets is correlated to psychic distance, where the first entry is to foreign markets that are familiar and closer in regards to the psychic distance of the host country, before making subsequent entries in foreign markets with greater psychic distance. Psychic distance comprises the differences in culture, language and political systems (Falvo & Parshad 2005).

Within the perspective of Uppsala Model Theory, it should be argued that companies tend to gradually increase their activities in international markets through a series of incremental stages, where the succeeding steps are anchored in learning and adapting to foreign markets (Pandian & Sim 2002).

This implies that the firms fast gain experience from the markets, where they have closer cultural ties before expanding to foreign markets. For instance, Telefonica had to first gain experience as a telecoms operator in Latin America, since the region has deep cultural ties with Spain, where it is headquartered.

Strategic competitive advantages

The company’s decision to slowly expand to Europe appeared opportunistic as well as strategic. Europe had initially possessed trade barriers that lowered the chances of successful entries. Essentially, there is a correlation between culture and national competitive advantage, where countries that are likely to impose trade barriers, in terms of competition are bypassed in preference to those that are less competitive (Enu & Attah-Obeng 2010). This argument is based on Dunning’s Eclectic Theory, which hypothesises that a company will always seek to leverage their specific advantages, including marketing, knowledge, skilled personnel, technology and information (Dunning 2001).

In this case, the Latin American markets were growing rapidly. They also experienced an increased high adoption rate and usage of mobile phones and internet connections. Additionally, after the Spanish government privatised Telefonica and deregulated the Spanish telecommunications market, the company’s core objective became increasing shareholder value, profits and achieving growth.

This implies that profit maximisation is a major drive to foreign direct development; through the use of particular advantages the company has (Glesem et al. 1990). It, therefore, had to select a region that would enable it to achieve higher profits. The company selected Latin America over Europe. Latin America had few entry barriers, such as competition and government regulations, while Europe had greater barriers due to more competitors. This implies that imperfect competition within the marketplace is a key incentive for expanding abroad. Besides, European mobile telecommunications operators had agreed they would not invade each other’s markets. However, after the entry of America Movil into Latin America, Telefonica faced a stronger competitor, forcing it to expand to Europe.

Commenting on other student’s post:

Why did Telefonica initially focus on Latin America?  Why was it slower to expand in Europe, even though Spain is a member of the European Union?

While the student hinted at the growth of multinational enterprises, a brief outline detailing why the company expanded and reasons for expansion could have provided a more relevant backdrop. Additionally, the reference to the Socialist Party by Popular Part in the general election of 1996 was irrelevant and out of context. The student’s decision to link the factors for the European Union to the opening of the telecommunications sector was misplaced. Rather, the student should have selected reasons why Telefonica selected to begin operating in Latin America before making headway to Europe. However, reference to high competition in the sector in Europe was justified.

Accordingly, the student should have explored the close cultural ties between Spain and Latin America, as the major drivers that triggered Telefonica to first launch in the region before expanding to Europe. In supporting the argument, a reference to a relevant theory, such as the Uppsala Model Theory could have pointed to the reasons why internationalisation of a company across many foreign markets is correlated to psychic distance (Uhasselt. be 2005). This includes why the initial entry is mostly made in foreign markets that are familiar and closer in regards to the psychic distance of the host country. Afterward, an explanation of what this meant to Telefonica based on the theory could have been appropriate (Gustafsson & Zasada 2011). For instance, the student should have stated that firms get to fast gain experience from the markets where they have closer cultural ties before expanding to foreign markets.

The student should have based his arguments on Dunning’s Eclectic Theory, which proposes that firms tend to use their peculiar advantages such as marketing, knowledge, skilled personnel, technology and information (Rugman 2010). Further, he should have stated that companies view FDI as a means to circumnavigate trade barriers before going forth to describe the correlation between culture and national competitive advantage, where countries that are likely to impose trade barriers in terms of competition are bypassed in preference to those that are less competitive.

While the student was also justified in arguing that the company sought to maximise profitability and to increase shareholder value, no basis was provided to support the argument, based on the case study. At this stage, the student should have suggested a theory to support his argument (Morgan & Katsikeas 1999). Later, the student should have provided examples from the case study to defend the choice of the theory he selected. However, the student provided examples outside the case study, such as “Telefonica has been able to establish footprints in 24 countries and having an average of 120,000 professionals with consolidated revenues of 24,957 million euros in January-June 2014 and more than 315.7 million customers at June 2014”

Additionally, the reasons the student outlined as the likely motivators for Telefonica to launch first in Latin America before making entries in Europe cannot be justified, as they have not been argued appropriately. For instance, in suggesting political developments, taking policy advantage and the fact that the markets shared a common language, the student should have discussed the concept of psychic distance and the related theory, such as the Uppsala Model Theory.

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Table of contents

Business Essay Examples

13 Business Essay Examples for Students

14 min read

Published on: May 1, 2023

Last updated on: Jan 30, 2024

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Are you struggling to figure out the structure, research, or data required to make your essay stand out? Or frustrated by the lack of inspiration and ideas for your essay?

But don't give up yet! We have a powerful solution that will make your essay writing a breeze. Our list of business essay examples is here to help! 

We have compiled expertly written business essay examples that will illustrate how to write a striking business essay.

With our examples, you'll be able to see how to structure your essay and generate creative ideas for your topic. And our tips will help you make the most of these examples.

So, let's dive in and get ready to learn!

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What is a Business Essay?

A business essay is a type of academic writing that focuses on business-related topics and issues. These essays can cover a wide range of topics such as marketing, finance, management, entrepreneurship, and more.

The importance of business essay lies in presenting a well-researched and informed analysis. To do this effectively, writers need to conduct extensive research and analysis on the topic at hand.

Referring to examples of business essays can help you gain insight into the structure, tone, and content of a well-written essay.

Business Essay Examples For Students

Here is a list of business writing examples

Business Essay Examples Pdf

Business Essay Example Grade 10

Business Essay Example Grade 11

A Level Business Essay Examples

University Business Essay Examples

International Business Essay Examples

Short Essay About Business

College Essay About Starting A Business

Types of Business Essay with Examples

When it comes to business essay writing, there are several different types that you might encounter. 

Here's a brief overview of each type, including their characteristics and an example of each.

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Case Studies

A case study is an in-depth analysis of a specific business situation or problem. It involves extensive research and data analysis to provide recommendations.

Case studies often showcase the application of theory to real-world business scenarios.

Research Papers

Research papers involve a more academic approach to business writing. They typically require an extensive literature review, data analysis, and original research. 

Business research papers aim to contribute new knowledge to the field of business. These often involve a hypothesis or research question.

Argumentative Essays

Argumentative business essays aim to persuade the reader to adopt a particular point of view or take a specific action. They present an argument and use evidence and logic to support their claims. 

Argumentative essays can address various business topics such as management practices, ethical issues, or market trends.

White Papers

A white paper is a document that provides a detailed explanation of a particular issue or problem, often with recommendations or solutions. 

White papers are typically used to educate stakeholders about a specific topic. These are often used in the business-to-business (B2B) context.

Comparative Essays 

Comparative business essays compare and contrast two or more topics or ideas. They typically analyze the similarities and differences between the topics to evaluate their pros and cons. 

Comparative essays can focus on various aspects such as products, companies, markets, or strategies.

How to Structure Your Business Essays

As you begin writing your business essay, it's important to structure it in a clear and organized way. 

Here's a step-by-step guide with business essay samples to help you do just that:

Executive Summary

The executive summary is a brief overview of your entire essay. It should summarize your main points and highlight your recommendations. 

This section should be written after completing the essay, as it gives a clear picture of what the essay covers. 

Here is how you start a business essay sample:

Introduction

The introduction sets the stage for the rest of the essay. It should introduce the topic, provide background information, and explain the purpose of the essay. 

Here is a business essay introduction example:

Industry Analysis

In this section, you'll conduct a thorough analysis of the industry in which the business operates. You should examine factors such as competition, market trends, and customer behavior. 

Here is a sample industry analysis

Key Issues or Problems

This section should identify the main issues or problems faced by the business. You should provide evidence to support your claims and analyze the impact of these issues. 

Here is an example paragraph:

Solutions or Recommendation

Here, you'll provide solutions or recommendations to address the issues identified in the previous section. Your solutions should be well-supported and feasible. 

For instance:

Implementation Plan

For this part, you'll outline a plan for implementing the solutions or recommendations you've proposed. This is sort of a description of the business model you suggest. 

This section should be detailed and include specific action steps. 

For example:

Finally, you'll wrap up your essay by summarizing your main points and reiterating your recommendations. 

This section should be clear, concise, and impactful. 

By following this structure, your business essay will be well-organized, coherent, and easy to follow for your readers.

Tips for Using Business Essay Examples Effectively

Now that you have quite a few business essay examples at hand, you should know how to use them effectively:

• Use them as a guide, not a template : While it's great to learn from examples, you should never copy them outright. Instead, use them as a starting point for your own research and writing.
• Analyze the strengths and weaknesses of the essay : Take note of what works well in the example essay, as well as any areas that could be improved. This will help you understand how to make your own essay even better.
• Use them to inform your own research and writing : Pay attention to the research methods, sources, and evidence used in the example essay. This can give you ideas for your own research and help you strengthen your arguments.
• Avoid plagiarism and ensure proper citation: Whenever you use ideas or information from an example, make sure to cite your sources. This will help you avoid plagiarism and maintain academic integrity.

You now have a plenty of business essay examples on different topics to help you get started!

By following our tips and studying the sample essays, you can confidently write your own essays that are clear, concise, and impactful. 

However, if you still find yourself struggling with your business essays, just reach out to our professional business essay writing service . 

We have the best online essay writing service and are ready to provide you a high-quality business. Our writing service has subject specialist writers who can tackle any business essay topic.  

So why wait? Contact us today and let our AI essay writer take your business essays to the next level!

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60 Reasons Why Entrepreneurship Is Amazing Most business owners will agree on one thing -- being in control of your own destiny is great.

By Jonathan Long

Opinions expressed by Entrepreneur contributors are their own.

Every entrepreneur has a different story about why he or she decided to start a business. Some have known from day one that they wanted to work for themselves and others come up with ideas while working for someone else and decide to take the entrepreneurial leap.

Most business owners will agree on one thing -- being an entrepreneur is great. There are endless reasons for this, and every entrepreneur will have his or her own personal reasons as well. Here are 60 reasons, in no particular order, why I think entrepreneurship is amazing.

1. You have full control over your destiny. You call the shots and make the decisions that ultimately determine the success or failure of your business. Nobody will get in the way of your vision.

Related: 50 Reasons to Start Your Own Business

2. Entrepreneurs are innovators. Think of all the new technology and ideas that have come to life over the past few years. Those were all once just an idea -- but amazing entrepreneurs brought those ideas to life.

3. You become part of a family. The entrepreneurial culture is almost like a big family -- and you won't find a better group of people willing to offer advice and help than fellow entrepreneurs.

4. You control who represents your brand. The team you surround yourself with plays a major role in your success -- you can assemble a team of like-minded individuals that share your same drive and passion.

5. No dress code. CEO and Founder of Vivint, Todd Pedersen, was recently on the TV show Undercover Boss and stated that he wears a company-branded baseball hat daily. He is the boss -- he can wear whatever he wants.

6. You have the opportunity to change lives. Have an idea for a product or service that has the potential to make a huge impact? Go for it -- nothing is stopping you!

7. You have full control over your workspace. Do you excel in a creative environment? Want an office with dry-erase paint so you can draw on the walls and a full espresso bar to keep you full of caffeine? Make it happen!

8. It provides a rush that is hard to duplicate. There is no greater shot of adrenaline than the one you receive after reaching a goal and knowing you worked extremely hard to get to that point.

9. You serve as a role model. As an entrepreneur, people will look up to you. You have the ability to be a role model for family, friends, employees and community members. Your success serves as motivation and inspiration.

10. You will never be bored. There is always something to do and you will more than likely always have a mile long to-do list. Every day presents new challenges and new opportunities to keep you on your toes.

11. Freedom to travel. Modern technology, remote employees and the Internet allow you the freedom to travel while still running your business. Being able to see the world while creating an amazing company is a realistic possibility.

12. There is no age barrier. Entrepreneurs are starting at very young ages -- some straight out of college, some while still in high school and even children as young as 9 years old that want to create healthy treats .

13. Your mind will always be utilized. Every single decision that involves your business is your responsibility, from the initial concept and branding to the growth and goal setting.

14. The satisfaction of saying you're a business owner. It is a great feeling to be able step back and say, "this is my company," while proudly holding your head up. Being an entrepreneur takes an incredible amount of work -- those few words feel so good coming out of your mouth.

15. Go cubicle free. Entrepreneurs have total freedom to roam, create, delegate and work. There are no cubicles or desks to be tied to all day.

16. No blame game. As an entrepreneur, there is no finger-pointing when something goes wrong. Knowing every decision that I make daily directly impacts my business is the best kind of motivation.

17. You never feel undervalued. If you have ideas to make the business better you can implement them right away -- you don't have to hope that someone in a higher position will give you the time of day and listen to your suggestions.

18. Creating something from nothing. Every business starts as an idea. You get to create it from the ground up.

19. Opportunity to make a better mousetrap. Have an idea to make something better or more efficient? Make it happen!

20. Spend more time with family. Entrepreneurs with children have the ability to adjust their schedules to attend school functions and activities.

21. You get out what you put in. If you are willing to work harder than anyone else, you will be rewarded accordingly. Want to experience more growth and opportunities? Simply work harder.

22. Provide opportunities for family members. Many will say that mixing family and business partnerships is a bad idea (and I agree) -- but this is less of an issue when talking about an employer/employee relationship.

23. Opportunity to give back. Owning a business gives you the opportunity to support local charity events, local schools and nonprofit organization. Being able to make a difference in your community is a great feeling.

24. Become healthier. A flexible schedule allows you to create a fitness routine and stick to it. Hit the gym early in the morning, at lunch or in the evening -- whatever works for you.

25. Enjoy your hobbies. As long as you "do the work" and give 100 percent when in work mode, your free time can be spent doing the things you love. Attend more sporting events, play more rounds of golf or fish more. Being an entrepreneur provides you with the ability to enjoy your hobbies more.

26. You contribute to society. You can directly impact society by introducing a service or product that people use.

27. No more frantically checking the time. How many times does the 9-to-5 crowd check the clock daily? Often. As an entrepreneur your time management balance is key. Your day ends when your tasks and responsibilities are taken care of.

28. You report to nobody. There is no boss to report to and you don't have to get expense requests approved. If you want to do something you believe will help your business there is no red tape to navigate through.

29. It'll be one of the biggest challenges you will face. Leading a company and team members on a growth path is a huge challenge. The obstacles you face along the way will provide you with an experience you won't find anywhere else.

30. No career hamster wheel. Imagine doing the same thing every day for as long as you work. Thankfully, as an entrepreneur you don't have to worry about this -- you wear multiple hats and play a variety of roles.

Related: Passion, Freedom and Impact: The 3 Ingredients of Business Success

31. The ability to pivot. If your business model slows down, you have the freedom to pivot. Think of how many businesses died because of the Internet. The ones with good leaders simply pivoted and made adjustments to survive.

32. You get to work with brilliant minds. As an entrepreneur you will connect with extremely intelligent people from all over the world. You encounter brilliant minds on your team and through business relationships.

33. Create a legacy. Creating a successful brand to the point where it leaves a personal legacy behind is appealing and serves as motivation for many entrepreneurs.

34. Turn your passion and beliefs into a business. Are you passionate about health and fitness? Become a nutritional consultant or open a gym. You have the ability to create a business as well as impact people through your passions and beliefs.

35. You can make people happy. There is a good chance you own an Apple product -- an iPhone, MacBook, iMac, iPod or iPad. These products bring a smile to faces of millions every single day. Sure, Apple is making billions of dollars, but they are also making their customers happy.

36. You will never hit a ceiling. Some jobs have a growth cap and you can only advance so far. When you are an entrepreneur, there is no growth ceiling.

37. Earn a living doing what you love. Let's face it, money is important. When you are able to make a comfortable living doing what you love it's a win-win situation.

38. Feeling appreciated is great. It's a great feeling when you receive an email or phone call from someone that took time out of his or her day to let you know that your business impacted them in a positive way.

39. Build your own security. It doesn't get any more secure than controlling your own destiny. You will never stress about having the wrong person in charge of a business.

40. You get to constantly learn. As an entrepreneur you are always learning lessons -- sometimes the hard way. It is a priceless education that you can't get in a classroom.

41. Eliminate downsizing or layoff fears. Businesses make cuts and lay off employees daily. That can be extremely stressful. When you become an entrepreneur this fear doesn't exist.

42. Bad days could always be worse. A bad day as an entrepreneur is better than a bad day working for someone else.

43. No degrees or pieces of paper stand in your way. You don't have to have a degree from an Ivy League school to start a business. In fact, some of the most successful tech billionaires dropped out of college .

44. You get to push the envelope. There are no boundaries -- create, invent and disrupt as you wish. This is how brilliant ideas are born.

45. Satisfy your personal curiosity. Most entrepreneurs are curious -- will my idea work? Can I grow this into a sustainable business? Can I be a good leader?

46. No more boring meetings. Gone are the days of boring meetings -- now, if you are in a boring meeting, you have nobody to blame but yourself.

47. Media and press acknowledgement. When your company receives media coverage and validation it is extremely satisfying. Recognition for the hard work you put in helps fuel your inner fire.

48. You become a provider. As an entrepreneur you will become a provider for many. Your employees will depend on your leadership and decision-making, as it will directly impact their livelihood and well-being.

49. Create your own corporate culture. You get to create a corporate culture based on your beliefs. Want to allow your employees to work from home on Fridays? How about providing in-office daycare to allow your employees to bring their children to work? You get to develop the corporate culture that you believe will provide the best environment for success and excellence.

50. Experience personal growth. It is a great feeling when you look back and see how much you have grown as an individual. The growth and success of a business is often directly related to the personal growth of the entrepreneur behind it.

51. You become an expert problem solver. As a business owner you become very resourceful and over time you will learn to overcome anything and solve any problem placed in front of you.

52. It never feels like work. Some might disagree -- but that just means they haven't found what they truly love to do. Once you do find that you will never refer to what you do as work.

53. Even learning disabilities can't stop you. Johnny Earle, the creator of the brand Johnny Cupcakes , is proof that not even a learning disability can stop an entrepreneur from succeeding. If you don't know Johnny's story watch this video for some inspiration.

54. Endless life experiences. You get to travel to new places and interact with different people all the time. What some might see as just a business conference, you see as an opportunity to visit a new part of the world and meet people you would never have met otherwise.

55. You develop an iron jaw. You are going to get hit and knocked down. Learning to take the punches and continuing to get up turns you into a stronger business owner and individual.

56. You get to walk on the wild side. When you put your own livelihood and finances on the line because you believe in something 100 percent, it becomes an extreme rush.

57. You conduct your own performance review. Sales, company morale, growth and customer feedback can all be used to judge your performance -- not some person with a clipboard and a generic Q&A review test.

58. You can get competitive with yourself. Entrepreneurs are competitive by nature. The goal is to constantly improve and grow, so turn it into a personal competition. Can you make more business contacts today than you did yesterday? Can you motivate your sales team to crush the numbers from yesterday?

59. It enables you to dream big. No idea is too crazy and no goal is too big when you are an entrepreneur -- you can dream as big as you want!

60. You don't have to be lucky. Luck has nothing to do with being successful. Thinking it does is just an excuse that prevents you from achieving success.

What are some other reasons why you became an entrepreneur or why you are striving to become an entrepreneur in the future? Share your thoughts in the comments section below.

Related: It's OK to Be Great: Why Entrepreneurs Deserve to Stand Out

Founder, Uber Brands

Jonathan Long is the founder of  Uber Brands , a brand-development agency focusing on ecommerce.

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11 Benefits of Entrepreneurship: Figuring Out if It’s Right for You

Published: August 19, 2023

Setting your own schedule. Working from anywhere. Pursuing your dreams. Becoming an entrepreneur can set you up for a thriving, successful, and fulfilling professional life. But do the benefits of entrepreneurship outweigh the down sides?

If you strive to become your own boss, like 580m+ other entrepreneurs, many perks await you — from greater happiness to higher potential earnings.

Table of contents:

What are the benefits of entrepreneurship?

What are the down sides of entrepreneurship, tips for aspiring entrepreneurs, 1. flexible work schedule.

Despite 76% of employees wanting greater flexibility in their roles, major employers — such as Amazon, Disney, and Starbucks — started requiring employees to work in person following temporary remote work. Many fought back against these policies, with some succeeding in getting added flexibility.

But entrepreneurs never have to worry about a CEO taking away their flexibility. They set their schedule from start to finish. For example, they could sleep in and work more at night, or get up earlier and finish in the afternoon.

2. Aligned values

Non-entrepreneurs, such as corporate workers, often sacrifice personal values for the sake of employment. Nearly half of workers reported they may leave their company because of misaligned values. However, entrepreneurs can ensure their company always aligns with their beliefs.

For example, they might feel passionate about saving the oceans via social entrepreneurship or growing a software company that helps small businesses. Regardless of what they care about, they can start a business that integrates their values and beliefs.

3. Improved leadership skills

As baby boomers pass the torch to millennials, they must equip them with solid leadership skills. Unfortunately, over 6 in 10 millennials regard their current leadership development as inadequate.

Entrepreneurs, for their part, improve their leadership skills every single day. They speak and present to stakeholders, such as employees and investors . They provide a guiding role in marketing and branding. They represent the head of their organization, a role that forces them to practice leadership in a way corporate workers often cannot.

4. Greater happiness

Substantial evidence demonstrates that entrepreneurs tend to live happier and healthier lives than their worker counterparts. One Harvard study even found that self-employed women had lower rates of diabetes, low blood pressure, and a decreased risk of obesity, and that those who worked for themselves tended to exercise more.

Though entrepreneurship still induces stress, anxiety, or fatigue, research demonstrates the physical and mental benefits of becoming an entrepreneur.

5. Larger networks

Research shows that entrepreneurs maintain networks twice as large as non-entrepreneurs. Entrepreneurs regularly seek out co-founders , investors, beta testers, employees, mentors, and others.

Having a strong network grants you several benefits, including the ability to:

• Validate business ideas
• Collaborate with others
• Find future employees or partners

6. Retain profits

Entrepreneurs retain whatever money they make through their business. They can then make decisions — increase their own salary, invest in hiring other employees, grow their business, or do whatever else they feel makes sense for them.

Regular workers usually cannot make more money unless they get raises, bonuses, or promotions — all of which are at the mercy of their managers.

7. Potential higher lifetime wealth

In the short term, entrepreneurs may make less than corporate workers. Most of the money will likely get reinvested into the business, leaving them a limited amount for their own salary. However, successful entrepreneurs stand to benefit from a higher earning potential than employees, since they reap the full reward of their company’s growth.

So, while corporate workers benefit from greater stability, high performers cannot match the earnings of a thriving business owner.

8. More learning opportunities

In the early stages of business ownership, entrepreneurs juggle a dozen different roles. They must figure out how to create a product, market it, manage their operations, and more.

While initially overwhelming, the role of an entrepreneur gives you the unique opportunity to learn critical business skills. Regular workers typically stay in their lane — marketers learn about marketing, financial analysts learn about finances, and so on. Only entrepreneurs handle and learn all aspects of running a business.

9. The ability to pursue unconventional ideas

Layoffs have resulted in employees speaking up less and taking fewer risks, per Harvard Business Review research. But taking risks or pursuing unconventional ideas gives people a sense of accomplishment, especially if that idea turns into a successful product or business.

Entrepreneurs can regularly test and validate their ideas, then pursue the successful ones. Corporate workers deal with office politics, which often means playing it safe for the sake of job security — especially during economic downturns.

10. Greater impact

Successful entrepreneurs tend to have a greater impact in their industries and communities. They often bring in game-changing ideas to their markets. They provide employment opportunities.

While entrepreneurs deal with high failure rates , they position themselves to make a greater impact in their roles in the long run.

11. Personal branding

Through their work, many entrepreneurs develop a personal brand — which can set themselves up for success long after they stop running their businesses. They can grow followings on platforms such as LinkedIn. They can then churn out content to establish themselves as  industry leaders while promoting their businesses.

Despite the benefits of entrepreneurship, there are down sides you should consider before pursuing it.

Running a business, especially in the early stages, takes up a huge amount of time: 82% of entrepreneurs work more than 40 hours per week — with 19% working over 60. Worse, only 57% of business owners actually take vacations.

Though many employees work long hours, entrepreneurs often take on more strenuous, tasking schedules.

High chance of failure

For every 10 entrepreneurs that make it, 90 fail . A sizable 10% flounder before reaching their second year.

Every worker can encounter failure in their roles. However, running a business means investing hundreds of hours of time and thousands of dollars in an idea — with a high change of failure.

Many founders reduce their pay to ensure the success of their business. One quarter of small-business owners choose to pay themselves nothing . Half of US founders bring in less than $100k, which resembles more of a mid-career salary for many professions.

Entrepreneurs have higher potential earnings, but can get paid much less than corporate workers. This also doesn’t include the more complex nature of insurance and taxes, which entrepreneurs must figure out for themselves.

Greater vulnerability to burnout

Over 6 in 10 entrepreneurs report struggling with burnout, a condition defined by exhaustion, detachment, and stress.

Long hours, higher rates of failure, and uncertainty takes a toll on an entrepreneur’s mental state. And because entrepreneurs tend to have worse work-life balances than non-entrepreneurs, they may struggle to recover from burnout.

If you want to become an entrepreneur, stack the pros against the cons — but make it personal to you. Consider asking yourself the following questions as starting points:

• Do the main benefits matter to me (e.g., do I care about flexibility)?
• How would these down sides impact my life (e.g., can I manage working long hours)?
• Does my current lifestyle make sense for entrepreneurship (e.g., can I afford to become an entrepreneur)?

You may not care about burnout or working long hours, for example, which may make entrepreneurship a viable career choice for you. On the flip side, entrepreneurship may not make sense for you if you struggle with burnout, networking , or multitasking.

In reality, not every entrepreneur transforms into a wealthy billionaire. Many jump over hundreds of hurdles just to fail in the end. So, if you want to become an entrepreneur, treat it like a career choice — with all of its many benefits and flaws.

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Starting a Business vs. Working for an Employer Essay

Introduction, pay consistency, job benefits, the lack of risk.

Every person should make a decision regarding the kind of future career at some point in their lives. On the one hand, there is a variety of supporters of the idea to start the business. For instance, according to Rhonda Abrams, an expert in small business and entrepreneurship, “The independence and flexibility of time is a great advantage of the entrepreneurial life” (USA Today). On the other hand, opponents of this idea highlight that owning a business are associated with numerous challenges. Although having a business is a tremendously popular career opportunity due to unlimited earning potential and independence, working a day job can be considered a more suitable decision for individuals seeking stability and regular cash flow.

Working for an employer is an excellent opportunity that can be used to plan the future. In fact, the individuals working a day job receive regular paychecks, whereas the earnings of entrepreneurs are inherently unpredictable. This belief is especially true in terms of new business when the owner is not aware of the principles which should be maintained on a regular basis. In turn, people having regular cash flow are more likely to cover the mortgage, education, and everyday expenses without stress than entrepreneurs. In the context of owning a business, the person does not have the opportunity to plan future investments, trips, and purchases, as monthly earnings can significantly differ. It is a widely known fact that external and internal factors can affect the success of the business, thereby, requiring the owner to pay additional money.

Taking into consideration that the twenty-first century provides numerous opportunities for professional development, employed individuals can select many areas of work. People working a day job can do things that they would not be able to do as small business owners. For example, delivering custom solutions and products on the basis of the latest IT advancements requires a high-quality infrastructure and reputation. It is difficult to serve these functions without support from other stakeholders, which is why employed individuals tend to rely on entrepreneurs. In case the specific area of work does not satisfy the expectations and needs of employees, they can quit the job and keep looking for other job offerings. At the same time, the majority of business owners cannot develop large-scale projects due to the vast amount of resources that are required to achieve such goals. Thus, working a day job is associated with freedom of choice, while business owners should work on a specific project despite everything.

In addition to regular and timely cash flow, employees have the opportunity to benefit from various bonuses, such as health insurance and paid sick leave. Simultaneously, business owners lose money for every day which is dedicated to their vacation or health treatment. In fact, they are required to plan such expenses and arrange funds on their own. Moreover, the vacation of a business owner and employed individual significantly differ. On the one hand, when the employees go on vacation, they can relax both physically and mentally. In fact, they have the opportunity to forget about the job for several weeks and enjoy their free time. On the other hand, even though business owners can go for a vacation, they are still responsible for a variety of processes in a certain organization. Most frequently, this group of individuals constantly check their smartphones in order to control the quality of services provided to their customers.

Usually, supporters of the idea of starting a business state that entrepreneurship is strongly connected with lifestyle transformations, independence, and continuous growth. However, the main argument provided in support of having a business is a high potential for making substantial capital. This belief can be considered correct, although people frequently forget that being a businessperson is equal to living under the circumstances of risk and stress. In fact, once the financial capital is invested in a start-up, the period of stress and risk begins. In turn, when the start-up turns into a successful project, a person having business still should take into account external and internal factors affecting the business environment. For instance, the economy, politics, managers, and customers can ruin even the most successful projects. Therefore, business people work under unstable conditions on a regular basis, whereas employed individuals only take responsibility for their own scope of work.

Debates regarding the advantages and disadvantages of being employed have been existing for numerous decades. Opponents of the idea to work a day job tend to highlight that having regular work is associated with limited potential for financial increase and a lack of independence. However, there are numerous benefits of having a full-time job, such as timely cash flow, limited responsibility, company-provided benefits, and fixed work timings. As to the advantages of having a business, they include numerous opportunities for growth, unlimited earning potential, and personal transformations. Nevertheless, each kind of career requires specific professional skills. Therefore, every individual should make the decision regarding professional development according to personal preferences and abilities.

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Business Essay

Businesses always play a vital role in our society as it a very competitive when it comes to its own contributions. They satisfy the people’s needs and wants. They can even provide an  avenue to improve the lives of people to experience high standard of living. Businesses provide a way for people to obtain goods and experience services while earning something out of it. These goods and services provides improvement in the economic status, thus allowing people to have more jobs to apply. In this article, we will be going to tackle about creating essays involving businesses.

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Business essays tell about how someone makes earnings through the act of buying or selling a particular product. We all know that businesses are the foundation of profit and loss. It is also a very demanding profession that has been practiced and made popular over the past years. When you are in a business, you should be able to have a high level of skills in managing, building teamwork, patience and strength. You should always be physically, mentally and socially prepared and stable.

Business has always been incorporated with financial management , marketing, research, sales, safety and more. Before you decide starting your own business, you should be able to take note of the several considerations such as the type of structure that you are going to use. Businesses will also be affected by the scope and size of your firm. Other factors may include compliance requirements, control, taxes and the like. It covers different aspects in the industry which includes the distributors, wholesalers, companies, agriculture , financial services , manufacturers, transportation, utilities and more.

When you are going to set up a business, you will begin to realize that it affects your lifestyle. Every business success entails rewards, freedom, and personal satisfaction. Feels good, right?

Just like in any other essays, business essays also follow the three basic parts namely the introduction, body and conclusion.

Introduction of an Essay

The introduction of an essay usually is the attention getter. It is even the essential part of an essay. It usually tells the reader what to expect in an essay. It gives background about your topic and presents your thesis which is the central point of your essay. The first part of the sentence is the hook explaining why it is interesting to read. Instead of stating what your reader already knows, might as well state the reason why your essay will offer a different meaning and interpretation. Make the second sentence interesting by giving a background information about your topic and the rest are claims why it matters.

Conclusion of an Essay

Your conclusion must be able to contain the three parts namely the restatement of your thesis statement, general conclusion and the answers to questions pertaining to the topic itself. When you repeat your thesis statement, do not use the words that you have written in the introduction. The general conclusion consist of an explanation of their importance.

How do you make you business essay look presentable?

It should be properly organized from the format down to the texts. They should be outlined well in the paper.

How long should a business essay be?

Business essays can be long or short. Long essays can be 500 words. Short essays can be 150 words.

Why do we need to write business essays?

We write business essays to provide a detailed information to help improve a status of a particular business.

Business essays are just like any other essays that has the same elements and structure. The only thing is that you just have to get the purpose of your essay and tackle about what the business is going through, their products and also their services. Always make sure that your essay is clear and written concisely.

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Student Essays

Essays-Paragraphs-Speeches

Essay on Business-Types, Importance & Advantages of Business

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Business refers to a vital economic activity in our life. It concerns itself with producing, buying, processing and selling products for a regulated profit margins. The following Essay tells you the concept and importance of business, Types of business & its advantages for a country. This essay is truly helpful for school and college students, for school exams, assignments etc.

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Essay on Business | Concept, Meaning, Importance, Types & Advantages of Business Essay

Business is defined as the activity of making one’s living or making money by producing or buying and selling products (such as goods and services). It is an organized activity through which individuals, groups or organizations produce and exchange tangible and intangible goods and services to create value for themselves or others. Businesses can be either for-profit entities or not-for-profit organizations.

Importance of Business

There are many reasons why business is important. One of the most obvious reasons is that businesses create jobs. They also generate tax revenue for the government, which helps to fund important programs and services. Businesses play a key role in the economy by providing goods and services to consumers. They also help to spur innovation and new ideas, which can lead to economic growth. Finally, businesses can be a source of social good, by providing goods and services that improve the quality of life for people in their community.

>>> Read Also : ” Short Paragraph On Unemployment”

Different Types of Business

There are many different types of businesses, but some of the most common include:

1. Small businesses: These are businesses that have a small number of employees and typically generate less revenue than larger businesses.

2. Medium-sized businesses: These are businesses that have a medium number of employees and generate more revenue than small businesses, but less than large businesses.

3. Large businesses: These are businesses that have a large number of employees and generate the most revenue of all business sizes.

4. For-profit businesses: These are businesses that are in the business of making a profit. They typically generate revenue by selling goods or services to consumers.

5. Not-for-profit businesses: These are businesses that are not in the business of making a profit. They typically generate revenue by receiving donations from individuals or organizations.

Advantages of Business

There are many advantages to doing business. Some of the most notable include:

1. Businesses Can Create Jobs: By starting or expanding a business, you can create new jobs for people in your community. This helps to boost the local economy and improve the quality of life for people in your community.

2. Businesses generate tax revenue: Businesses generate tax revenue for the government, which helps to fund important programs and services.

3. Businesses spur innovation: By starting or expanding a business, you can help to spur innovation and new ideas in your community. This can lead to economic growth and improve the quality of life for people in your community.

4. Businesses can be a source of social good: By providing goods and services that improve the quality of life for people in your community, businesses can be a source of social good.

>>> Related Post:  “ Essay on Entrepreneurship ”

Therefore, business is a wholesome activity that has many benefits for individuals, groups, and communities. It is an important part of the economy and helps to spur innovation and new ideas. Businesses can also be a source of social good, by providing goods and services that improve the quality of life for people in their community.

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A (Very) Simple Way to Improve Your Writing

• Mark Rennella

It’s called the “one-idea rule” — and any level of writer can use it.

The “one idea” rule is a simple concept that can help you sharpen your writing, persuade others by presenting your argument in a clear, concise, and engaging way. What exactly does the rule say?

• Every component of a successful piece of writing should express only one idea.
• In persuasive writing, your “one idea” is often the argument or belief you are presenting to the reader. Once you identify what that argument is, the “one-idea rule” can help you develop, revise, and connect the various components of your writing.
• For instance, let’s say you’re writing an essay. There are three components you will be working with throughout your piece: the title, the paragraphs, and the sentences.
• Each of these parts should be dedicated to just one idea. The ideas are not identical, of course, but they’re all related. If done correctly, the smaller ideas (in sentences) all build (in paragraphs) to support the main point (suggested in the title).

Where your work meets your life. See more from Ascend here .

Most advice about writing looks like a long laundry list of “do’s and don’ts.” These lists can be helpful from time to time, but they’re hard to remember … and, therefore, hard to depend on when you’re having trouble putting your thoughts to paper. During my time in academia, teaching composition at the undergraduate and graduate levels, I saw many people struggle with this.

• MR Mark Rennella is Associate Editor at HBP and has published two books, Entrepreneurs, Managers, and Leaders and The Boston Cosmopolitans .  

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10 Pros and Cons of Starting Your Own Business

When you imagine yourself in ten years, the chances are high that you are successful, wealthy, and care-free. Such dreams make people think about running their own business that will make them free of the need to earn their living and save every penny.

People want to be the owners of their lives, and such a strong desire forces them to take loans and become restless. Sometimes, they don’t even have a specific idea of what they would like to do and what kind of business they would like to launch.

Such thoughts may start appearing in adolescence when young people are under the influence of the rebellious spirit and want to prove to the whole world how cool they are. Thus, they may study the best essay writing service reviews to find someone who will do their assignments while they are busy creating business.

However, it is worth remembering that any business is a coin with two sides. It can become either a real challenge that you may not be ready to meet or a matter of a whole life.

The main thing is to get huge pleasure from what you are doing since it is the only reliable way to create something long-lived and successful.

Advantages of starting your own business

Thus, let’s take a closer look at this side of the coin to understand why it may be worth giving it a try.

1. Independence

As we have already mentioned, many people strive to become independent at any cost, and a successful business can provide such an opportunity.

You are your own boss who makes decisions and decides on everything. You don’t need to beg anyone for vacation , ask for leave, remind you to pay your salary, etc. You do what you like and tailor your schedule the way you need it, without considering someone’s opinion.

You don’t have to wake up at 6 to be at work at 8, not be fired. Independence becomes the main driving force for most entrepreneurs, so they turn a blind eye to all other things that can somehow overshadow it.

2. Financial gain

Running one’s own business is not an altruistic act, and many people are driven by potential financial profit and, thus, financial independence.

When you run your company, the world of numerous opportunities is opened for you. You can increase chances to achieve significant financial stability than being an employee. Many things depend on your skills and efforts, so your wildest dreams can come true one day.

Thus, using essay pro and getting more free time for studying entrepreneurship is not a bad idea. If you lack motivation, just look at millionaire entrepreneurs who have created successful corporations from scratch.

There is a category of people who cannot live without managing every single process. They have their own opinions about everything and want others to listen to them.

When you start your own business, you participate in all stages of its creation, whether about making up the concept or dealing with customers’ feedback. If you are driven by passion and a strong desire to bring your vision, entrepreneurship may become a perfect option.

The level of your involvement will allow you to immerse yourself in the process and take all important decisions. Only you can stop yourself and consider your ideas wrong since there is a green light in all other cases.

4. Showing off

If you like to show others “who is the boss here,” you should start your own business. You will get the desirable status of “boss,” and will be able to show off at least a bit.

If you run into your rivals or your ex, you will be able to tell about your success with pride since the statement, “I have my own company,” sounds cool and shows prestige. If it is important for you, then why not give it a try?

And if you come up with a completely new type of service or product, you will have a double reason to be proud of yourself. So, maybe it is time to examine an essay writing services review to have a backup plan when you are busy running your business.

5. Absence of stupid whims

When you are an employee, you don’t choose who to communicate with and what to do since a boss “runs this party.” Thus, roughly speaking, your life depends on your boss’s whims when you are at your workplace.

You can be forced to redo a piece of work many times because your boss doesn’t actually know what they want. Such things may piss off, but they will hardly happen if you run your business and are in charge of everything.

You can decide on your circle of communication and surround yourself with like-minded people.

Disadvantages of starting your own business

It is no accident that only a small part of people manages to save their business and develop it to a decent level. So, what challenges can you face when launching your own business?

1. Time commitment

When you start everything from scratch, having no expertise in the chosen area, you have to spend a lot of time and effort to “stay alive” in business.

The chances are high that you will have few employees at first, so you will have to turn into multiple-handed Shiva to cope with all the tasks.

You will be responsible for all your ups and downs, so your working day may last longer than the standard 8 hours. This time commitment may affect your personal life.

2. Sense of guilt

When you run your own business and bear huge responsibility, you may feel guilty when you do nothing. You will constantly think about your business and look for effective ways to improve and develop it.

Like students who are overwhelmed with numerous assignments, you will be overwhelmed with thoughts and worries. And if you don’t get enough rest, you may get depressed and just give up. Your morning routine will start while the whole city is still sleeping.

Entrepreneurship is full of various risks , and even if you try to do your best to minimize or eliminate them, the mission will be impossible.

You will not have someone who will have your back if something goes wrong, and it can be hard to overcome financial damage. Many entrepreneurs who start their business without huge investments spend years getting rid of financial instability to start living the life they dreamed about back in the days.

And the financial risk is not the only possible issue since you should also consider product liability and employee issues, not to mention all other things.

4. Uncertainty

People doubt themselves all the time, and when it comes to running your own business, rates are rising. You may do everything you can for your business, but external factors can negatively affect your success.

It can be about new strong rivals that appear in the market, national economic problems, an increase in clients’ demands, etc. The business environment can be unstable and give many reasons for uncertainty.

5. Responsibility

Independence has a downside since you are the only responsible person for your success. And if something goes wrong, you will have nobody to blame except you.

If your business doesn’t work out, you may perceive it as a personal failure, and it can be way more overwhelming than you expect. You may get depressed or become alcohol addicted in attempts to cope with emotions.

Disclaimer . The views and opinions expressed here are those of the authors. They do not purport to reflect the opinions or views of IdeasPlusBusiness.com. Any content provided by our bloggers or authors is of their opinion and is not intended to malign any organization, company, individual, or anyone or anything.

For questions, inquiries and advert placements on the blog, please send an email to the Editor at ideasplusbusiness[at]gmail[dot]com . You can also f ollow IdeasPlusBusiness.com on Twitter here and like our page on Facebook here . This website contains affiliate links to some products and services. We may receive a commission for purchases made through these links at no extra cost to you.

The Ideas Plus Business Editorial team is responsible for this post. For collaborations and partnership requests, kindly send an email to the Editorial Team at ideasplusbusiness[at]gmail[dot]com for the terms and conditions. You can also follow IdeasPlusBusiness.com  on Twitter  here  and like our page on Facebook  here .

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About IdeasPlusBusiness.com

Adeyemi Adetilewa is the Founder and Editor-in-Chief of IdeasPlusBusiness.com. Our goal on IdeasPlusBusiness.com is to give you the best in business, technology, and marketing blogs from top experts around the world.

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Elon Musk Sues OpenAI and Sam Altman for Violating the Company’s Principles

Musk said the prominent A.I. start-up had put profits and commercial interests ahead of seeking to benefit humanity.

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By Adam Satariano ,  Cade Metz and Tripp Mickle

OpenAI, the influential artificial intelligence company that ousted and then reinstated its high-profile chief executive three months ago, faces a new drama: a lawsuit from Elon Musk, one of the richest men in the world and a co-founder of the A.I. lab .

Mr. Musk sued OpenAI and its chief executive, Sam Altman, accusing them of breaching a contract by putting profits and commercial interests in developing artificial intelligence ahead of the public good. A multibillion-dollar partnership that OpenAI developed with Microsoft, Mr. Musk said, represented an abandonment of a founding pledge to carefully develop A.I. and make the technology publicly available.

“OpenAI has been transformed into a closed-source de facto subsidiary of the largest technology company, Microsoft,” said the lawsuit filed Thursday in Superior Court in San Francisco.

The 35-page lawsuit is the latest chapter in a fight between the former business partners that has been simmering for years, and it homes in on unresolved questions in the A.I. community: Will artificial intelligence improve the world or destroy it and should it be tightly controlled or set free?

Mr. Musk, the chief executive of Tesla, and Mr. Altman, as much as anyone in the world, have helped to frame that debate. Mr. Musk helped found OpenAI in 2015 as a response to A.I. work being done at the time by Google. Mr. Musk believed Google and its co-founder, Larry Page, were dismissive of the risks A.I. presented to humanity.

Mr. Musk left OpenAI’s board during a power struggle in 2018. The company went on to become a leader in the field of generative A.I. and created ChatGPT, a chatbot that can produce text and respond to queries in humanlike prose. Mr. Musk, who founded his own A.I. company last year called xAI, said OpenAI was not focused enough on the technology’s risks.

The suit is also the latest twist for a company enmeshed in controversy. In November, OpenAI’s board forced out Mr. Altman and said it no longer trusted him to run the company. He was reinstated just five days later after an employee revolt threatened the future of the company.

Silicon Valley insiders believe that generative A.I., the technology behind ChatGPT, is a once in a generation technology that could transform the tech industry as thoroughly as web browsers did more than 30 years ago.

“The courts of California must decide what OpenAI must do after straying from its original mission,” said Gary Marcus, an A.I entrepreneur and an emeritus professor of psychology and neural science at New York University. “The court of public opinion must decide what it thinks of Musk, who has a fair point about OpenAI but has his own commercial A.I. interests and choices.”

OpenAI declined to comment on the lawsuit. In a message sent to OpenAI employees on Friday afternoon that was viewed by The New York Times, Mr. Altman said that he was confused by Mr. Musk’s argument that building A.I. for the benefit of humanity was at odds with building a business.

Jason Kwon, OpenAI’s chief strategy officer, told OpenAI employees in another message viewed by The Times that the company’s leaders “categorically disagree” with the suit. Mr. Musk’s claims “do not reflect the reality of our work or mission,” he wrote.

The lawsuit adds to an array of problems piling up for OpenAI. The company’s relationship with Microsoft is also facing scrutiny from regulators in the United States, European Union and Britain. It has been sued by The New York Times, several digital outlets , writers and computer programmers for scraping copyrighted material to train its chatbot. And the Securities and Exchange Commission is investigating Mr. Altman and OpenAI.

Mr. Musk’s lawsuit said he became involved with OpenAI because it was created as a nonprofit to develop artificial intelligence for the “benefit of humanity.” A key component of that, the lawsuit said, was to make its technology open source, meaning that it would share the underlying software code with the world. Instead, the company created a for-profit business unit and restricted access to its technology.

The lawsuit, which seeks a jury trial, accused OpenAI and Mr. Altman of being in breach of contract and violating fiduciary duty, as well as unfair business practices. Mr. Musk is asking that OpenAI be required to open up its technology to others and that Mr. Altman and others pay back Mr. Musk the money that Mr. Musk gave to the organization. Greg Brockman, the president of OpenAI, is also named as a defendant.

Mr. Musk’s argument hinges on the close partnership between OpenAI and Microsoft. In 2019, Mr. Altman negotiated a deal in which Microsoft agreed to invest $1 billion in OpenAI. The start-up said it would use Microsoft’s cloud computing services exclusively for building and deploying its A.I. In the years since, Microsoft has invested an additional $12 billion in the start-up and is the only company outside of OpenAI with a license to use the raw technology behind GPT-4, the company’s most powerful A.I. technology.

Other companies like Google, Meta and the French start-up Mistral are freely sharing some of their latest technologies with the other companies and researchers.

The suit could expose OpenAI to a lengthy and invasive legal review that reveals more about Mr. Altman’s dismissal and OpenAI’s pivot from being a nonprofit organization to for-profit company. That change, which was engineered by Mr. Altman in late 2018 and early 2019, has been the source of backbiting at OpenAI for years and contributed to the board’s decision to fire him as chief executive.

Though Mr. Musk has repeatedly criticized OpenAI for becoming a for-profit company, he hatched a plan in 2017 to wrest control of the A.I. lab from Mr. Altman and its other founders and transform it into a commercial operation that would work alongside his other companies, including the electric carmaker Tesla, and make use of their increasingly powerful supercomputers, people familiar with his plan have said . When his attempt to take control failed, he left the OpenAI board, the people said.

Speaking at The New York Times’s DealBook Summit last year, Mr. Musk said that he wanted to know more about the chaos that unfolded at OpenAI last year, including why Ilya Sutskever, a co-founder, joined with other board members to fire Mr. Altman in November. He said that he was concerned that OpenAI had discovered some dangerous element of A.I., which is a question that his legal team could investigate as part of the lawsuit.

“I have mixed feelings about Sam,” Mr. Musk said at the DealBook conference. Making a reference to a powerful ring in “The Lord of the Rings,” he added, “The ring of power can corrupt, and he has the ring of power.”

Mr. Musk did not respond to requests for comment.

The falling out between Mr. Musk and Mr. Altman has long been a subject of intrigue in Silicon Valley. The men first met during a tour of SpaceX , Mr. Musk’s rocket company, and later bonded over their shared concerns about the threat that A.I. could pose to humanity.

According to the lawsuit, OpenAI’s nonprofit status was a major source of friction, as tensions grew between company executives interested in trying to make money from new A.I. technology and Mr. Musk, who wanted it to remain a research lab.

“Either go do something on your own or continue with OpenAI as a nonprofit,” Mr. Musk said at one point, according to the complaint. “I will no longer fund OpenAI until you have made a firm commitment to stay, or I’m just being a fool who is essentially providing free funding to a startup. Discussions are over.”

The lawsuit tries to show Mr. Musk as an indispensable figure in OpenAI’s development. From 2016 to 2020, Mr. Musk contributed more than $44 million to OpenAI, according to the lawsuit. He also leased the company’s initial office space in San Francisco and paid the monthly expenses. He was personally involved in recruiting Mr. Sutskever, a top research scientist at Google, to be OpenAI’s chief scientist, according to the complaint.

“Without Mr. Musk’s involvement and substantial supporting efforts and resources,” the suit says, “it is highly likely that OpenAI Inc. would never have gotten off the ground.”

Brian Quinn, a law professor at Boston College, said that Mr. Musk’s complaint made a compelling case that OpenAI had abandoned its roots. But, he said, Mr. Musk probably does not have the standing to bring it, because nonprofit law limits challenges of this type to those made by a nonprofit’s dues-paying members, its own directors or state regulators in Delaware, where OpenAI is registered.

“If he were a member of the board of directors, I would say, ‘Ooh, strong case.’ If this was filed by the Delaware secretary of state, I would say, ‘Ooh they’re in trouble,’” Mr. Quinn said. “But he doesn’t have standing. He doesn’t have a case.”

David A. Fahrenthold contributed reporting.

Adam Satariano is a technology correspondent based in Europe, where his work focuses on digital policy and the intersection of technology and world affairs. More about Adam Satariano

Cade Metz writes about artificial intelligence, driverless cars, robotics, virtual reality and other emerging areas of technology. More about Cade Metz

Tripp Mickle reports on Apple and Silicon Valley for The Times and is based in San Francisco. His focus on Apple includes product launches, manufacturing issues and political challenges. He also writes about trends across the tech industry, including layoffs, generative A.I. and robot taxis. More about Tripp Mickle