Annotated bibliography - sample attached.

Annotated Bibliography Example

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APA REFERENCE

Craig, W. (2015). From Family to Franchising: Five Ways to Start Your Business

Empire. Journal of Business and Technology, 5(2), 118-120.

According to this author there are more than half a million new businesses started across the

country every single month (Craig, 2015). There are many ways to become a business owner in

the world today and there are many risks involved with each of those avenues as well. When

starting a business from scratch the most important aspect is having a product that people actually

want. According to the author, nine out of ten startup companies fail and 42% of polled startup

owners claimed their business failed due to lack of need for his or her product (Craig, 2015). A

business can also be acquired by inheritance or taking over of a family business. Craig (2015) also

found, only about 10% of family owned businesses will survive long enough to see the third

generation take over. The reasons for this is the perception by younger generations that the family

business will always be available as a backup option if other ventures don’t work out. Buying an

existing business is also an option for those who have a keen insight for opportunity. Becoming a

franchise owner is another way to become a business owner. This step also takes determination

and focus but can be very rewarding. There is a stability that comes with taking over a location

that has an established corporate presence supplemented with corporate sponsors that are ready

and willing to direct the organization towards the right track.