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This document discusses the relationship between entrepreneurship and business success. It begins with an abstract that introduces entrepreneurship, leadership, and strategy as important roles in business management. The introduction states that the document will analyze literature to determine if a relationship exists between entrepreneurship and business success, and whether this relates to the author's workplace. Several sections then define entrepreneurship and discuss characteristics of successful businesses like organizational culture, vision/values communication, and more. The document also profiles a local nail salon called Jp Nails and interviews the owner to understand how entrepreneurship relates to the business's growth and success over seven years. In closing, it briefly summarizes two articles about local women entrepreneurs in the nail industry.

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0% found this document useful (0 votes)
172 views11 pages

Artifact 4

This document discusses the relationship between entrepreneurship and business success. It begins with an abstract that introduces entrepreneurship, leadership, and strategy as important roles in business management. The introduction states that the document will analyze literature to determine if a relationship exists between entrepreneurship and business success, and whether this relates to the author's workplace. Several sections then define entrepreneurship and discuss characteristics of successful businesses like organizational culture, vision/values communication, and more. The document also profiles a local nail salon called Jp Nails and interviews the owner to understand how entrepreneurship relates to the business's growth and success over seven years. In closing, it briefly summarizes two articles about local women entrepreneurs in the nail industry.

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You are on page 1/ 11

Running head: ENTREPRENEURSHIP AND BUSINESS SUCCESS

Artifact: Entrepreneurship & Business Success Relation to JP Nail Salon

Noelia Alanis

South Texas College

Dr. Patricia M. Blanco

04/18/2020
ENTREPRENEURSHIP AND BUSINESS SUCCESS 2

Abstract

In business, many roles are involved to create a successful business environment. Some of these

management roles includes entrepreneurship, leadership, and strategy. For the most part most

make and unlimited difference to a workplace. To me entrepreneurship is one of the most

important roles of business management since it keeps discovering new ideas to implement to an

employment or a business. Many businesses that have improved their viewpoints have use many

entrepreneurs to act and create new ideas that would make their business more well-off.
ENTREPRENEURSHIP AND BUSINESS SUCCESS 3

Introduction

This research will help me identify the positive or negative correlations that

entrepreneurship has with business success. I will be discussing my findings of my literature

review of my articles and other relevant information. The article examinations will predict if my

hypothesis is linked to their theories of information. In addition, to my findings I will include if

my variables entrepreneurship and business success have a relation to the business that I work

for has. The outcomes of this finding will indicate if my hypothesis was supported or rejected

overall. As a conclusion, I will recapitulate on my finding of this artifact with care and will pick

out the main points of this research that are significant to me and my organization because this

will help me identify fluctuations that are occurring within the company and further investigation

night help me generate knowledge to aid my company for the future.

Entrepreneurship

Entrepreneurship is mostly described to introduce new skills, projects, information and

any type of new idea that can help a business resolve problem. They want to introduce this idea

to meet the needs of the company and find future desires. They want to create a system that will

give employees confidence to face new challenges created by them or their employer. They want

to create resources from innovative ideas from employees and team leaders and management

(Carpenter et al., 2012).

An entrepreneur is a person that engages in entrepreneurship. This action is not that

simple it is a process that they must go through and is not only imagining and coming up with a

new idea. They must undergo a procedure where they set the idea to action. According to

Carpenter, Bauer and Erdogan (2012) they believe that this division “is anticipating needs not yet

articulated by our global audience, then meeting them with products and services that set new
ENTREPRENEURSHIP AND BUSINESS SUCCESS 4

standards. This constant dissatisfaction with the way things is ultimately the driving force behind

the world’s best search engine” (Carpenter et al., 2012.p.26).

Entrepreneurs are those that produce new markets and modify the ones that are already

formed only find ways to renovate them. According to Carpenter, Bauer and Erdogan (2012)

“the greater the inconsistencies in existing service and quality, in lead times and in lag times, the

greater the vacuums and gaps in information and knowledge, the greater the opportunities”

(pg.26). The best way to describe this is people trying to find a remedy to a problem they are

facing. The goal is mainly to come up with an idea that is greater than the problem they must be

able to come up with the best solution to confront the situation and for the idea to be effective

(Carpenter et al., 2012).

Business Success

A successful business comes from many different perspectives. One important segment

of having a successful business is having a good organizational culture. This is important to a

successful business because it determines which type of personal you want to have in your

business and what types of people you would think is better off kept away. People that are well

trained are those who will set an example for those new and current employees in the business to

lead them into being a great employee not only just a good employee. Finding the perfect people

for your business that will make them feel comfortable and fit in (Carpenter et al., 2012).

Another important aspect of a successful business is preparing the mission, vision and the

values of the organization with your employees. They want to let their employees know what

they want to do, what their goals are and where they are wanting to go. The objective is to pass

this message to their employees and absorb the intentions of the business to everyone that is

working for the same team (Carpenter et al., 2012).


ENTREPRENEURSHIP AND BUSINESS SUCCESS 5

Communication in organization is important for the business to keep a good working

ethic and not lose focus. Communication among team members is the best option to be able to

communicate the P-O-L-C framework functions. This communication process is what going to

aid the company in achieving all their goals and coordinate all their plans and next procedures

(Carpenter et al., 2012).

Jp Nail Salon

I prepared an interview with Mr. Pham to discover the history, purpose, and investments

that pertained to opening Jp Nails Salon. The owner of the nail salon is a Vietnamese single man

named Dung Pham with one daughter whose name is Victoria. This nail salon initiated in 2013

with an initial investment of $30,000.00 that were invested in supplies for the nail salon that

included pedicure chairs, manicure tables, rolling chairs, wax equipment and supplies, acrylics,

nail tips and supplies for design (D. Pham, personal communication, February 26, 2020).

The purpose of this business is to care for client’s services of manicures, pedicures, body

waxing and acrylic nails. The first two years of the business was tough said Mr. Pham. The

income that the sail salon was only given back towards rent money, bills and supplies. Mr. Pham

worked the business alone for about one year (D. Pham, personal communication, February 26,

2020).

After he began to see more clients that was not able to manage every clients service, he

decided to hire one more Nail Technician. As he required hands he hired every time he

considered necessary. The shop initiated with four pedicure chairs and three manicure tables. The

shop kept the same amount of pedicure chairs for the limited amount of space of the shop, but

the total amount of manicure tables has grown to six tables. This is the seventh year of the

business and has a total of seven employees and looking to hire more personal. The total profit of
ENTREPRENEURSHIP AND BUSINESS SUCCESS 6

the business has increased from an annual income of $15,000 up to $95,000. It is in a stable and

generating profit after the third year of business when he noticed his monthly income (D. Pham,

personal communication, February 26, 2020).

Entrepreneurs are highly searched for in Jp Nails. We look to hire people that have a big

imagination and implement their vision and ideas to nails. Being a nail tech requires a big

imagination and entrepreneurship to keep up with trends that come out in social media. Women

have a naturally in entrepreneurship inside of them and have many ideas when it comes to nails.

Entrepreneurship and business success correlate to the variations that occur in my employment

(D. Pham, personal communication, February 26, 2020).

Local entrepreneur

This journal is about Gia Winfield which is a young entrepreneur woman that tuned the

nail business header over heels in New York City. She began in the nail business she was 14

years old until she was 18, she worked for a famous nail salon in New York. When she saw that

the shop had expired, she got motivated and looked forwards to opening her own nail salon.

While she was in business and constantly on the move, she always had to have coffee on hand

and came up with a brilliant idea to make an energy drink. It was a hard decision, yet she

managed to build a strong foundation towards a dream come true (Brown, 2018).

Shelby nails it

Amberly Martin a young entrepreneur who never imagined that she would become very

successful in a nail salon and by her 30th birthday realize that her dream has come true. She hid

the news from family, friends and others that she had a great news to share but she wanted it to

be a surprise for everyone. She hiddenly opened a nail salon where she invited everyone she
ENTREPRENEURSHIP AND BUSINESS SUCCESS 7

knew to come over for a breakfast when it was all a set up to announce her new business grand

opening (Orlando & Writer, 2019).

3D nail printers

21-year-old, Avery Anne Gervais is now living in China. Her idea was to generate a 3d

machine that could imprint any design to you nails. A 3D printer that could print on your nail a

logo, a design, a picture or any idea that comes to head could be printed in your nails. She

became an entrepreneur of nail art designing a machine that could paste a copy of whatever

image in your nails (Geiger, 2015).

Queen of shades

Tina Winters was a Nail Technician that could identify herself with Anastasia Steele

from the book 50 shades of grey. Turned her future around when she decided to open her own

lingerie shop and website where she is a dedicated entrepreneur that dedicated her life to be a

nail technician. She is now launching Britain’s first 50 Shades of Grey specialized business and

online store where she sells fetish wear for women over 30 years (Vonledebur, 2012).

Nailing it

This is a business that is turning the nail world by demonstrating entrepreneurs of the nail

business having a brand-new idea towards acrylic nails. The plan is to create a nail that would

use only 40 percent of the total material that is now required to make a nail set. The ideas are to

use wood fibers to nails that split instead up pushing them out (Gordon, 2007).

7 ways to increase nails revenue

In this article they explain new ideas that could be used in a nail salon to increase clients

coming in winter times and in seasonal changes. Number one is to add a combo that includes
ENTREPRENEURSHIP AND BUSINESS SUCCESS 8

manicure and pedicure. Number two is to include a hot chocolate or heated booties to those

clients that want a pedicure during the winter times. Number three is to add a bootie acupressure

foot massage to your pedicures that last 15 more minutes that could be charged separately. The

fourth recommendation is creating little gift bags that contain the business logos and imprint

them in the files and buffers for clients to take home after a service. The last advice they give is

to give a bottle nail polish for the client to take home after the service. This might generate an

excitement on the clients end and impulse them to come back for another service (Rickette,

2018).

Sources findings

What I found in the sources mentioned was that a great role has been played on

entrepreneurs becoming extremely successful and joining the nail business. These new business

owners have managed to come up with new ideas that have other people interested in their

creation and have become very successful within their entrepreneurship businesses.

I have also understood that business owners that risk and implement new ideas to their

business become a hit and clients keep coming back for business. They like that little treat or a

little gift made them feel special and that little detail is what makes people content and

recommend you to others. We have started recently giving clients treats and having gestures with

them and it seems to be working in keeping clients content and wanting to come back or another

service. We have continuously tried to integrate new ideas and find ways that can help the

business grow.

The variables that I picked were related to my business because they explain to details all

the details to their success in the nail business and being an entrepreneur. They have identified

new ideas and played the cards with no fear and this is something that helps me understand that
ENTREPRENEURSHIP AND BUSINESS SUCCESS 9

business have to take risky moves that might take a chance to loose but may also have a great

advantage if the change benefits the business.

Jp Nails business did adapt to upcoming changes and is still constantly changing. Jp Nails

was originally a Vietnamese shop and is not made up of Hispanic women. We not necessarily

change work rules or objectives. We mainly change in techniques and the way we run the shop.

It functions by seasons. With each season we change the design and colors of the patters of nails.

If the weather is cold, clientele stops getting pedicures and incline more towards acrylic nails and

manicures.

Jp Nails employees did adapt to the various ways of communication that we are exposed

to. Our boss is a Vietnamese and all the employees are Hispanics that are primarily Spanish

speakers. We have different ways and techniques to work. Sometimes communication is an issue

because my boss tried to communicate a message and mostly disagrees with everyone’s ideas.

Communicating was an issue when I first began to work for him. As I accumulated years’

working with him, I got to know his ways to manage and to communicate with his employees.

I have become like a manager to the shop by communicating my ideas an offering him

my opinions in some decisions from the shop, so this has helped me in this career as well to

accumulate clientele. I don’t agree that the company has been affected with the changes that we

have been making in a negative way. We have seen many new faces and walk-ins in a daily basis

and that is great sign to a successful future.

The articles that I found were very useful to my topic since they gave me new ideas that

we can implement in our business to better future services. It certainly supported my hypothesis

in totality. I now believe that entrepreneurship has a direct relationship with business success.
ENTREPRENEURSHIP AND BUSINESS SUCCESS 10

The articles that I reviewed all of them turned out to become very successful entrepreneurs with

a vision and an idea that suddenly arose and worked for them in a very positive way.

Summary

As a conclusion to my findings of this artifact I understood that entrepreneurs in the nail

business can become very successful and profitable. There are many opportunities and ideas out

there to strive for and all it takes is a motivation and a dream to push that idea forwards towards

the world to see. Six out of the six articles that I have revised turned out to be successful

businessmen and women and supported my hypothesis perfectly. Entrepreneurs can help a

business grown and become successful. I just think that businesses need to be open and accept

new ideas from their employees and others that wish to include an idea. It never hurt the business

to try something new and its motivating to employees to be able to feel part of the organization

in recognizing an idea of someone and to finally see how prosperous that idea can become

towards the success of the whole team and company. As a future leader I would use this

information to give my employees the opportunity to show their skills and demonstrate what

ideas they could bring to the business. I would give my employees the chance to glow and grow

and keep their opinions and ideas on hand to use as needed. I am a true believer that two heads

are better than one. I am positive that entrepreneurs are the future of the world and that they are

who make businesses successful.


ENTREPRENEURSHIP AND BUSINESS SUCCESS 11

References
Brown, S. M. (2018, June 7). Local Entrepreneur Extends Nail Empire. Washington

Informer, 53(34), 14–48.

Carpenter, M., Bauer, T., Erdogan, B. (2012). Principles of Management Version 1.

CATHERINE VONLEDEBUR. (2012, August 18). QUEEN OF SHADES; Enterprising

Coventry mum aiming to ride success of erotic blockbuster; When she set up her own

lingerie shop and website in 2009, former nail technician Tina Evans changed her name

by deed pole to Tina Winters. The Coventry entrepreneur is now launching Britain’s first

“50 Shades of Grey” parties for women over 30 and extending her online business to

specialize in “faintly fetish” wear. CATHERINE VONLEDEBUR reports. Coventry

Telegraph (England).

Dorian Geiger Special to the Star. (2015, June 16). Wearable tech at your fingertips; Winnipeg

entrepreneur uses 3D printers to create reusable nail art bridging fashion and

science. Toronto Star, The (Ontario, Canada).

ENTREPRENEURS by Mark Gordon Managing Editor. (2007, March 9). Nailing it in; The 200-

year-old nail industry isn’t exactly a high-tech magnet. That hasn’t stopped a trio of Gulf

Coast entrepreneurs determined to hammer the industry with innovation. Gulf Coast

Business Review (Sarasota, FL), 008. (Gordon, 2007)

Joyce Orlando; Staff Writer. (2019, November 23). Shelby entrepreneur nails it; Woman

surprises clients, friends with new salon. Star, The (Shelby, NC).

Rickette, N. najazone@gmail. co. (2018). 7 Ways to Increase Your Nail Revenue. Skin,

Inc, 30(11), 58–63.

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