Charles Benson

Mrs. Killingsworth

Honors Mentorship

17 April 2020

Charles Benson: Dee Early, Harbor Landing at Margaritaville; Sara Speilman, Accounting

at Margaritaville

Each year, over 620,000 small businesses are created. However, 95 percent of these

businesses close within their first year of being open. The purpose of my project is to not only

help myself, but also others be more successful in their entrepreneurship journey and maintain

proper financial discipline within their own company. Many times individuals create a business

they are unaware of all the necessary expenditures required to make their idea into a company.

But there are some steps to take to ensure longevity and viability in the early life of a small

business. For my research, I interviewed a finance manager at a large building company as well

as read excerpts from both books and articles relating to this topic. The step-by-step process I

explain not only shows the correct way to efficiently create a business and maintain fiscal

responsibility, but it also calms down any potential entrepreneurs that are overwhelmed by this

idea- such as myself. Ever since I was a child, I have always wanted to start my own business.

Although I do not know what type of company I plan to create, I will base this off of the

economic climate in the years following my college graduation. And this is, again, something I

would not only recommend for myself, but others- others with similar interests. This is part of

the process which I depict within my project.