Assignment 2: LASA 1: Full Sentence Outline
Intorduction
1.
Starting a company calls for adequate research
on business prospects and potential benefits.
a.
People with entrepreneurship aspirations ought
to weigh the available options and consider their qualifications (Dine, 2014).
b.
Entrepreneur should be aware of the different
phases that the business undergoes during its early years that includes;
existence, survival, success, take off, and resource maturity.
c.
Different phases in business appear to be
floating appendages on a hypothetic company torso.
d.
Each phase is firmly connected to the other,
hence a need for a quick-witted entrepreneur.
e.
A careful and adequate understanding of such
subtle connections makes the difference between first start-ups, and firms that
fail within three years after conception.
f.
It is
arguable that starting a business entity; a person needs to be highly qualified
and intelligent.
Supporting
Points:
1.
Smart people find it easier to make rational and informed decisions based on
facts (Kaputa, 2012, pp.30-32).
a. Being smart means possessing a quick-witted
intelligence that can be very useful in the business world – especially when
dealing with fierce competition.
b.
Smart people are more likely to come up with innovative ideas.
c.
Available data indicate that there exists a strong and positive correlation
between emotional intelligence and success (Bradberry, 2015).
2.
Some of the most successful entrepreneurs of all time are / were extremely
bright.
a. Steve Jobs
b.
Bill Gates
c.
Walter Elias "Walt" Disney
3.Starting
a company is a challenging process that requires intelligence.
a. One must figure out how to get the funds
they need to start the company.
b. One must analyze the environment in which
they are going to operate.
c.
An advanced understanding of business-related frameworks and theories is bound
to help.
Counter-Arguments
1.
Smart people may think too much and miss out on great opportunities.
2.
Many successful entrepreneurs like Steve Jobs and Richard Branson did not even
graduate college (Jensen, 2012; Smale, 2015).
3.
There are consulting firms that can help entrepreneurs start their companies.
Response
to Counter-Arguments
1.
Smart people are more likely to seize excellent opportunities.
2.
While intelligence does not automatically lead to success, smart people find it
easier to achieve sustainable success.
3. A
smart entrepreneur would save money and start the company themselves (Lloyd,
2012).
Conclusion Paragraph
1.
Aspiring entrepreneurs should be witty for
better chances of success for their start-ups.
a. Passion
alone is not enough to guarantee business survival during the first three
years.
b. Challenges
often arise from limited funding, and the firm’s inability to attract a wider
market.
c. If the
owner of a company is smart, he will devise creative ways to fund his business
operations (Berry et al., 1997).
d. Intelligent
people make informed and rational decisions that are useful in combating
surging levels of competition (Oros, 2015).
e. Despite
the fact that most successful entrepreneurs such as Bill Gates and Walt Disney
had higher intelligence quotient, extensive research should be conducted to
prove the existence of a relationship between success and knowledge in the
business world.
References
Berry,
L. L., Seiders, K., & Greshman, L. G. (1997). For Love and Money: The
Common Traits of Successful Retailers. Organizational Dynamics, 26(2), 7-23.
Brad Berry, T. (2015). Why You Need
Emotional Intelligence To Succeed. Retrieved from http://www.forbes.com/sites/travisbradberry/2015/01/07/why-you-need-emotional-intelligence-to-succeed/#405fd5272c74
Dine, J. (2014). Starting a Company. In Company Law (pp. 9-19). Macmillan Education UK.
Jensen, K. (2012). Intelligence is
Overrated: What You Really Need to Succeed. Retrieved from http://www.forbes.com/sites/keldjensen/2012/04/12/intelligence-is-overrated-what-you-really-need-to-succeed/#5ead07296375
Kaputa, C. (2012). Breakthrough Branding: How Smart
Entrepreneurs and Intrapreneurs
Lloyd,
B. (1992). Practical Business Genius: 50 Smart Questions Successful
Businesspeople Ask/Why Entrepreneurs Fail: Avoid the 20 Fatal Pitfalls of
Running Your Business/The Barlow Clowes Affair… (Book Review). Long Range
Planning, 25(6), 121.
Oros, B.
(2015). Ben Franklin's Scientific Program for Prosperity and Self Improvement.
Retrieved June 26, 2016, from
https://books.google.com/books?id=JrgnCQAAQBAJ&dq=self improvement in
business owners&source=gbs_navlinks_s
Smale,
T. (2015). 8 Hugely Successful People Who Didn't Graduate College. Retrieved
from
Transform a Small Idea into
a Big Brand. Boston, MA: Nicholas Brealey
Publishing.
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