Reflective Essay on Business Start Up and Management Process

This reflective essay discusses the author's learning experience and knowledge gained during the business start-up and management process. It covers various theories and frameworks used in business planning and financial management.

Reflective essay

TABLE OF CONTENT
REFLECTION.................................................................................................................................3
Reflection on business start up:...................................................................................................3
REFERENCES................................................................................................................................1

REFLECTION
Reflection on business start up:
During this model, I came to demonstrate concept of business and how start up should be
run. I have gained enough knowledge while attending these modules regarding business
management, there are certain theories that help in business start up and management process. At
beginning of the module, I have faced issue related to clear concept of business, I was unaware
about start up process which require entrepreneur to think innovatively and creatively (Singer,
2016). However, I came across understanding business management and process to turn
company towards success, I have learned new management theories include; scientific
management theory, system management theory and contingency theory.
Business start up is not an easy task, while examining start up process, I have explored
different area where my expertise was quite low. I was unable to understand where company lack
behind in getting success, I have analysed this concept and identify key area where company
failed for example poor financial management. While exploring other module, I gained
knowledge of financial project management where I have learned how company manage their
finance and focus on betterment of the company. In every module I have attended, I have
explored new skills and knowledge of business management including skills to run and business
for example leadership skills and communication skills.
During start up module, I have explored key learning area where I have demonstrated
business planning theories include; SWOT and Pestle analyse. With the help of these
frameworks and tools company can examine and craft strategic planning process. But I still lack
behind in finding right business planning theories although I have knowledge in business
management theories and have clear understanding on business process (Pride and et.al., 2020).
While addressing financial project management, I have gained skills of developing Gantt chart
and WBS that allow me to develop financial project plan. I do have gained enough knowledge
but at some point, I think I would have done better.
During this module, I have gained enough knowledge and understanding on the business
management and business start up process. I will be using skills and knowledge which I have
gained in the module, I will be focusing on running a start with the help of key knowledge
gained in the process. I will apply my knowledge and understanding beyond workshop and will

explore business world. My knowledge is now clear after I attend module, I am looking forward
to applying business start up knowledge and run an business organization (Wain, 2017).
During my academic session, I have gained skills and knowledge while explore
management of other successful companies like Tesla, Unilever and Apple and understand how
they manage their business process. I have strong knowledge in business management theories
including classical management theory and behavioural theory, I have developed leadership
skills that allow me to become suitable to run an business using strategic planning tools and
theory. I have knowledge in IT skills but there are many areas where is still had to explore and
become stable in the process.

REFERENCES
Books and journals
Pride and et.al., 2020. Business. Nelson.
Singer, J.E., 2016. Experience and reflection. In Experience and Reflection. University of
Pennsylvania Press.
Wain, A., 2017. Learning through reflection. British Journal of Midwifery, 25(10), pp.662-666.
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