Intelligence into Success - 1435 Words

Many people dream and often fathom about starting their own small business. Becoming a successful entrepreneur has been part of the American dream since the early 1800‘s. In addition to giving a person the ability to make his or her own decisions, business ownership opens the gateway to financial independence, creative freedom, and more time to spend with family (Smallbusiness.com). Nevertheless, how hard would it be to start a small business and be victorious? â€Å"Starting a business involves planning, making key financial decisions and completing a series of legal activities† (U.S. Small Business Administration). Overcoming in a very competitive world takes a lot of motivation, discipline, research, planning, and most importantly,†¦show more content†¦However, the advertised name of a business may not always be the same as the legal one. Many sole professorships and partnerships operate a business using a â€Å"fictitious name† to comply with governme nt regulations. â€Å"The legal name of a business is required on all government forms and applications, including the application for employer tax IDs, licenses and permits† (U.S. Small Business Administration). It functions as an identity to the government and is often the legal name of the owner(s). â€Å"An integral component of starting a successful business is raising sufficient funds, also called capital† (Smallbusiness.com). The fourth step funding, brings along many challenges for an upcoming business. Nevertheless, like any decision worthwhile, careful planning and some prior experience can make overcoming these obstacles easier. There are a variety of options when it comes to financing a small business. In addition to traditional loans, there are other opportunities to explore that range from grants and bonds to investor-based venture capital (U.S. Small Business Administration). However, before trying to acquire a loan or any other source of capital it is c rucial to know in a close range of how much startup costs will be needed to launch a small business Depicting between the essentials and optional while estimating help keep debt to the very minimum. Even though depicting can sometimes be difficult, having prior experience in the field makes thisShow MoreRelatedSocial Intelligence and Employment Success689 Words   |  3 PagesSOCIAL INTELLIGENCE AND EMPLOYMENT SUCCESS The crux of employment success is social intelligence. For years, individuals have been judged by various aptitude tests (i.e. I.Q. test, SAT, LSAT, GRE, MCAT, GMAT). However, individually, those tests are not the best indicators of who will be successful. Recent studies show that success is largely attributed to social intelligence. Social intelligence is equivalent to interpersonal intelligence and involves perceptiveness, situational savvy, and interactionalRead MoreRelationship Between Intelligence And Success1850 Words   |  8 PagesNovember 23, 2015 The Relationship Between Intelligence and Success Many wonder what goes on in the minds of billionaires such as Warren Buffett and Bill Gates. There are a large amount successful people in the world, from the wealthybillionaires, to scientists, to movie stars. We may ask ourselves what allows them to achieve such success, and as we break down their paths to riches, we realize that there may be one key to achieving such success: intelligence. Most of these people who have achievedRead MoreSpeech in Relation to Intelligence and Success2427 Words   |  10 Pagesaffects their speech, but their intelligence as well. 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Emotional Intelligence: The Missing Link The understanding of how individuals with average intellectual intelligence (IQ) could outperformRead MoreThe Effects Of Emotional Intelligence On Our Career Success773 Words   |  4 Pages Our lives are the permanent competition, where leadership and success are a main goal of the majorities. What is it that makes people successful? This question haunts many of us. Some people believe it is a high level of Emotional Intelligence. In order to accept this point of view, we have to understand what EI is, how people develop it, and how EI benefit to our career success. According to this article, Emotional Intelligence is the ability to recognize, understand, and manage our emotionsRead MoreEmotional Intelligence : An Integral Part Of Career Success832 Words   |  4 PagesEmotional Intelligence is an integral part of career success. Our lives are the permanent competition, where leadership and success are the main goals of the majority. What is it that makes people successful? This question haunts many of us. Some people believe it is a high level of emotional intelligence (EI). In order to accept this point of view, we have to understand what EI is, how people develop it, and how EI benefits our career success. First of all, we have to determine the meaning ofRead MoreThe Role Of Intelligence As Well As Theories On Academic Success1799 Words   |  8 Pages ‘Discovering Psychology’. It’s related to this chapter because this chapter discusses the nature of intelligence as well as theories on what determines how intelligent an individual can be. This reflects my hypothesis because chapter seven discusses motivation, which may play a leading role in why people hang out in certain groups. If one is motivated to be intelligent (based on academic success) because they see the effects it has on their group members, they may wish to work harder and strive