CONTENT:
ADMISSION ESSAYName:Course:Professor Name:(February 07, 2012)ResearchIt is a very challenging factor to start an association, especially when dealing with business, regardless whether small or large scale business. As a leader of an organization we formed while I was at third year in university, I managed to discover and learned several important issues, including the challenges faced while establishing an organization and managing it. The most essential factor, and which was also a challenging one, was capital. At first, I realized that most organizations do shut down because of inadequate enough capital and mismanagement. Therefore as a leader I had to establish some important strategies with an aim of trying to safeguard our newly formed organization to fall into such trap.The first one and which I noticed that played big role in securing our business, involved setting up measures on how to manage all the income business capital in the most appropriate manner.