essay about business in the world

Business Essay Examples

13 Business Essay Examples for Students

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Published on: May 1, 2023

Last updated on: Jan 30, 2024

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Are you struggling to figure out the structure, research, or data required to make your essay stand out? Or frustrated by the lack of inspiration and ideas for your essay?

But don't give up yet! We have a powerful solution that will make your essay writing a breeze. Our list of business essay examples is here to help! 

We have compiled expertly written business essay examples that will illustrate how to write a striking business essay.

With our examples, you'll be able to see how to structure your essay and generate creative ideas for your topic. And our tips will help you make the most of these examples.

So, let's dive in and get ready to learn!

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What is a Business Essay?

A business essay is a type of academic writing that focuses on business-related topics and issues. These essays can cover a wide range of topics such as marketing, finance, management, entrepreneurship, and more.

The importance of business essay lies in presenting a well-researched and informed analysis. To do this effectively, writers need to conduct extensive research and analysis on the topic at hand.

Referring to examples of business essays can help you gain insight into the structure, tone, and content of a well-written essay.

Business Essay Examples For Students

Here is a list of business writing examples

Business Essay Examples Pdf

Business Essay Example Grade 10

Business Essay Example Grade 11

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Short Essay About Business

College Essay About Starting A Business

Types of Business Essay with Examples

When it comes to business essay writing, there are several different types that you might encounter. 

Here's a brief overview of each type, including their characteristics and an example of each.

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Case Studies

A case study is an in-depth analysis of a specific business situation or problem. It involves extensive research and data analysis to provide recommendations.

Case studies often showcase the application of theory to real-world business scenarios.

Research Papers

Research papers involve a more academic approach to business writing. They typically require an extensive literature review, data analysis, and original research. 

Business research papers aim to contribute new knowledge to the field of business. These often involve a hypothesis or research question.

Argumentative Essays

Argumentative business essays aim to persuade the reader to adopt a particular point of view or take a specific action. They present an argument and use evidence and logic to support their claims. 

Argumentative essays can address various business topics such as management practices, ethical issues, or market trends.

White Papers

A white paper is a document that provides a detailed explanation of a particular issue or problem, often with recommendations or solutions. 

White papers are typically used to educate stakeholders about a specific topic. These are often used in the business-to-business (B2B) context.

Comparative Essays 

Comparative business essays compare and contrast two or more topics or ideas. They typically analyze the similarities and differences between the topics to evaluate their pros and cons. 

Comparative essays can focus on various aspects such as products, companies, markets, or strategies.

How to Structure Your Business Essays

As you begin writing your business essay, it's important to structure it in a clear and organized way. 

Here's a step-by-step guide with business essay samples to help you do just that:

Executive Summary

The executive summary is a brief overview of your entire essay. It should summarize your main points and highlight your recommendations. 

This section should be written after completing the essay, as it gives a clear picture of what the essay covers. 

Here is how you start a business essay sample:

Introduction

The introduction sets the stage for the rest of the essay. It should introduce the topic, provide background information, and explain the purpose of the essay. 

Here is a business essay introduction example:

Industry Analysis

In this section, you'll conduct a thorough analysis of the industry in which the business operates. You should examine factors such as competition, market trends, and customer behavior. 

Here is a sample industry analysis

Key Issues or Problems

This section should identify the main issues or problems faced by the business. You should provide evidence to support your claims and analyze the impact of these issues. 

Here is an example paragraph:

Solutions or Recommendation

Here, you'll provide solutions or recommendations to address the issues identified in the previous section. Your solutions should be well-supported and feasible. 

For instance:

Implementation Plan

For this part, you'll outline a plan for implementing the solutions or recommendations you've proposed. This is sort of a description of the business model you suggest. 

This section should be detailed and include specific action steps. 

For example:

Finally, you'll wrap up your essay by summarizing your main points and reiterating your recommendations. 

This section should be clear, concise, and impactful. 

By following this structure, your business essay will be well-organized, coherent, and easy to follow for your readers.

Tips for Using Business Essay Examples Effectively

Now that you have quite a few business essay examples at hand, you should know how to use them effectively:

• Use them as a guide, not a template : While it's great to learn from examples, you should never copy them outright. Instead, use them as a starting point for your own research and writing.
• Analyze the strengths and weaknesses of the essay : Take note of what works well in the example essay, as well as any areas that could be improved. This will help you understand how to make your own essay even better.
• Use them to inform your own research and writing : Pay attention to the research methods, sources, and evidence used in the example essay. This can give you ideas for your own research and help you strengthen your arguments.
• Avoid plagiarism and ensure proper citation: Whenever you use ideas or information from an example, make sure to cite your sources. This will help you avoid plagiarism and maintain academic integrity.

You now have a plenty of business essay examples on different topics to help you get started!

By following our tips and studying the sample essays, you can confidently write your own essays that are clear, concise, and impactful. 

However, if you still find yourself struggling with your business essays, just reach out to our professional business essay writing service . 

We have the best online essay writing service and are ready to provide you a high-quality business. Our writing service has subject specialist writers who can tackle any business essay topic.  

So why wait? Contact us today and let our AI essay writer take your business essays to the next level!

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Essay on Business 500+ Words

Business is like the heartbeat of our world. It’s all around us, from the corner store to big companies. In this essay, we’ll explore why business matters and how it shapes our lives.

What Is Business?

Business is more than just buying and selling. It’s about creating, making, and sharing things that people want or need. Businesses can be small, like a lemonade stand, or huge, like international companies such as Apple or Google.

Creating Jobs

Businesses are like job creators. When someone starts a business, they often hire other people to help them. According to the Small Business Administration, small businesses in the United States create about two out of every three new jobs.

Meeting Needs and Wants

Businesses play a big role in making our lives better. They provide us with things we need, like food and clothes, and things we want, like toys and gadgets. Without businesses, we wouldn’t have access to many of the things that make our lives comfortable and enjoyable.

Innovation and Invention

Businesses are like engines of innovation. They come up with new ideas and turn them into real products. Think about how companies like Tesla are changing the way we think about cars by creating electric vehicles. Businesses push the boundaries of what’s possible.

Supporting the Community

Businesses also support our communities. They pay taxes that help build schools, parks, and roads. Some businesses even donate money to charities and sponsor local events. When businesses do well, the whole community benefits.

Global Connections

Business isn’t just local; it’s global. Companies in one country often trade with companies in other countries. This helps us get products from around the world, like bananas from South America or electronics from Asia. It also connects people from different cultures.

Learning Opportunities

Business can be a great way to learn. When you run a lemonade stand, you learn about money, customer service, and teamwork. Many successful entrepreneurs, like Elon Musk, started with small businesses and learned valuable skills along the way.

Challenges and Problem Solving

Businesses face challenges every day. They need to make smart decisions, adapt to changes, and solve problems. These challenges teach us important life skills, like resilience and creativity. Learning how to overcome obstacles is a valuable lesson from the world of business.

Conclusion of Essay on Business

In conclusion, business is not just about making money; it’s about making the world go round. It creates jobs, provides us with what we need and want, drives innovation, supports communities, and connects people worldwide. Whether you dream of starting your own business or not, understanding the importance of business is essential. It’s like a puzzle piece in the big picture of our lives, and it’s a puzzle piece that makes the world a better place. So, let’s appreciate the role of business and the opportunities it offers in shaping our world for the better.

Also Check: The Essay on Essay: All you need to know

Business Essay Topics to Write with Impact

Business essays are a common requirement for students pursuing various business-related courses. The key lies in choosing a familiar subject out of various business essay ideas that spark inspiration, one that can be thoroughly researched with ample sources, intriguing facts, or statistical data. In this article, we offer a comprehensive list of business essay topics ideas for you to write a paper that is unmatched!

Business Essay Topics Ideas: Navigating the Selection Process

Selecting the most suitable business essay topics can prove to be a challenging endeavor. Due to the intricate and sensitive nature of the subject, it is crucial to handle business terminologies with care while ensuring that your chosen topic remains intact. To aid you in this process, our custom coursework writing has compiled a set of important tips that will assist you in identifying an impressive essay topic.

• First and foremost, choose a topic that aligns with your personal interests and passions. This will not only make the writing business essay more enjoyable but also enable you to delve deeper into the subject matter.
• Additionally, opt for a business essay topic that offers a wide scope for research. Having access to a wealth of resources and information will enhance the quality and depth of your analysis.
• Select argumentative business essay topics that provide a rich pool of information and sources for reference. This ensures that you have a solid foundation to support your arguments and analysis.
• Prioritize topics that offer evidence, examples, or facts to substantiate the major points of your thesis statement. This not only strengthens your arguments but also demonstrates your understanding of the subject matter.
• Avoid the temptation to opt for overly broad subjects, as they can be challenging to cover comprehensively within the given deadline. Instead, focus on more specific aspects that allow for in-depth analysis and exploration. For instance, if you're writing an expository paper, you can enhance your approach by utilizing an expository essay outline . This will help you structure your major points more efficiently and ensure a clear and logical flow of ideas in your writing. 
• For case studies, consider selecting a business essay example centered around well-established companies and discussing their successes or failures. By offering concrete solutions, you can showcase your critical thinking and problem-solving skills.

50+ Business Essay Topics Ideas: Unleashing the Best Choice

While there is an abundance of business essay topics ideas to explore, we have curated a selection of exceptional choices to assist you in this endeavor. Take a thorough look at our handpicked list and discover an ideal topic that will serve as a solid foundation for crafting a detailed and engaging business essay.

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Business Management Essay Topics

Business management is a broad field that covers various topics affecting the management of business operations. It encompasses finance, marketing, sales, human resources, and supply chain management. The principles of business management are applicable to all types of businesses, whether small or large. Here are some topics from our ' Do my essay ' experts that can help you explore this area.

• Leadership Styles and Their Impact on Organizational Performance: Analyze different leadership styles (e.g., autocratic, democratic, transformational) and their effects on employee motivation, job satisfaction, and overall organizational performance.
• The Role of Emotional Intelligence in Effective Management: Explore the importance of emotional intelligence in managerial roles, examining how self-awareness, self-regulation, empathy, and social skills contribute to effective leadership and team management.
• Strategic Human Resource Management: Discuss the role of human resource management in achieving organizational objectives, focusing on topics such as talent acquisition, employee development, performance management, and retention strategies.
• Ethical Decision Making in Business: Examine ethical challenges faced by managers and organizations, analyzing frameworks and approaches for making ethical decisions and creating an ethical culture within the business environment.
• Change Management and Organizational Resilience: Explore strategies for effectively managing organizational change, considering topics such as change communication, employee engagement, resistance management, and building organizational resilience.
• Innovation and Entrepreneurship: Discuss the role of innovation and entrepreneurship in driving business growth and success. Analyze topics such as fostering a culture of innovation, managing risk, and strategies for promoting entrepreneurial thinking within organizations.
• Strategic Marketing Management: Examine the importance of strategic marketing in achieving competitive advantage, discussing topics such as market segmentation, targeting, branding, product development, pricing, and promotional strategies.

Business Law Essay Topics

Business law is a critical component of any business operation. It covers a wide range of topics, including contracts, intellectual property, securities, and trade secrets. Here are some business law essay topics:

• The Role of Intellectual Property Laws in Protecting Innovation and Creativity in the Business World.
• The Legal and Ethical Implications of Data Privacy and Cybersecurity in Business Operations.
• Corporate Social Responsibility: Balancing Legal Obligations and Ethical Considerations in Business Practices.
• The Impact of Antitrust Laws on Promoting Fair Competition and Preventing Monopolies in the Market.
• The Legal Challenges and Opportunities of International Business Transactions: Navigating Cross-Border Trade and Investment Laws.
• The Role of Employment Laws in Protecting Employee Rights and Promoting Fair Labor Practices in the Workplace.
• The Legal and Ethical Implications of Corporate Governance: Ensuring Accountability and Transparency in Business Organizations.
• The Impact of Consumer Protection Laws on Safeguarding Consumer Rights and Regulating Business Practices.
• Legal Challenges and Strategies for Managing Contracts and Negotiations in Business Transactions.
• The Role of Environmental Regulations in Balancing Business Operations and Sustainable Development.

Business Ethics Essay Topics

Business ethics refers to the set of moral principles that govern the decisions and actions of businesses, and if you need assistance, professionals can help you ' write my research paper ' to explore this topic in-depth. Meanwhile, here are some business ethics essay topics:

• Ethical Dilemmas in the Workplace: Analyzing Real-Life Scenarios and Decision-Making Processes.
• The Role of Corporate Social Responsibility (CSR) in Promoting Ethical Business Practices.
• The Impact of Ethical Leadership on Organizational Culture and Employee Behavior.
• Ethical Considerations in Marketing and Advertising: Balancing Profitability and Consumer Protection.
• The Ethics of Workplace Diversity and Inclusion: Promoting Equality and Fairness.
• Ethical Issues in Supply Chain Management: Ensuring Fair Labor Practices and Environmental Sustainability.
• The Ethical Implications of Technology and Artificial Intelligence in Business Operations.
• Whistleblowing and Corporate Misconduct: The Role of Ethics in Promoting Accountability.
• The Ethics of Corporate Governance: Ensuring Transparency and Responsible Decision-Making.
• Ethical Challenges in International Companies: Navigating Cultural Differences and Corruption Risks.

Business Administration Essay Topics

Business administration covers various topics related to the administration and management of business operations. Here are some ideas you can also use as dissertation topics :

• Effective strategies for managing employee diversity in business operations.
• Effective supply chain management strategies.
• Business incubation and entrepreneur support strategies.
• Effective leadership and its impact on business performance.
• Best practices in business decision-making and problem-solving.

International Business Essay Topics

International business operations are characteristic of companies that operate on a global scale. Here are some international business essay topics:

• The impact of globalization on international business operations.
• The impact of cultural differences on international business negotiations and operations.
• Digital transformation challenges and opportunities for global businesses.
• Effective entry strategies for multinational corporations into emerging markets.
• Effective strategies for managing global supply chain operations.

And if If you're wondering how to write a nursing essay focused on international business operations, here are some essay topics to consider:

• The Impact of Globalization on Nursing Practice: Analyze how globalization has influenced the nursing profession on a global scale, considering factors such as international collaboration, workforce migration, and cross-cultural challenges.
• Ethical Considerations in International Healthcare: Explore the ethical dilemmas faced by nurses working in multinational healthcare settings, examining issues like cultural relativism, patient autonomy, and disparities in healthcare access.
• Strategies for Managing Cultural Diversity in Nursing: Discuss effective strategies and best practices for nurses to navigate cultural diversity in international healthcare environments, emphasizing the importance of cultural competence, effective communication, and respectful care.
• Nursing Leadership in Global Healthcare Organizations: Examine the leadership skills and competencies required for nurses to succeed in global healthcare organizations, focusing on aspects such as cross-cultural leadership, strategic decision-making, and managing international teams.
• International Collaborative Research in Nursing: Explore the benefits and challenges of international collaborative research projects in nursing, discussing the importance of knowledge exchange, research ethics, and the potential impact on healthcare outcomes.

Organizational Behavior Essay Topics

Organizational behavior studies the behavior of people and organizations in the workplace. Here are some topics to create a thorough business essay example:

• The relevance of leadership and management in organizational behavior.
• The impact of motivation theories on business performance.
• Diversity management strategies in organizational behavior.
• The impact of workplace stress on employee performance and mental health.
• Effective communication strategies in organizational behavior.

Trending Business Essay Topics for Exam

Here are some current business essay topics ideas that are likely to be examined in exams:

• The Rise of E-commerce: Transforming Traditional Retail
• Sustainability and Corporate Responsibility: Balancing Profit and Environmental Impact
• The Gig Economy: Redefining Employment Relationships
• The Role of Big Data Analytics in Business Decision-Making
• The Influence of Artificial Intelligence (AI) on Business Operations

Good Business Essay Example

If you are one of those students who don't need business essays and need college essay writing services you've come to the right place too. Our professional writers have done it for you. In the next section, you can explore a business essay example.

Final Words

With our comprehensive list of business essay topics ideas, we've laid the foundation for your inspiration to take flight. With your chosen topic in hand, you're now prepared to conquer the world of business essays and create a masterpiece that will captivate your readers and leave them amazed. So, take the leap and let your business essay reach new heights of excellence!

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Now, are you looking for answers to common questions about business essays? In this FAQ section, we address some of the most frequently asked questions to help you navigate the world of business essay writing.

What to Consider When Choosing the Best Business Essay Topics?

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Sample Business School Essays

Studying business is a great way to gain valuable working experience across many industries. As such, many students decide to further their education with a degree in business. To help set your business school application apart from the others, having a stellar application essay can help tremendously. Before writing your own essay make sure you explore our sample essays to gather a few ideas and thoughts on how you can make your essay unique and engaging.

This section contains five business essay samples:

Business School Essay Sample One

Business school essay sample two, business school essay sample three, business school essay sample four.

• Business School Essay Sample Five

Watching my brother transform from a man who had lost his ability to walk to a man who can play basketball with my father kindled my fascination of the physical therapy world. The Bureau of Labor Statistics anticipates the field of physical therapy to grow faster than average in the upcoming years. I hope to join this field during an exciting time of growth, furthering the rehabilitation of those who have been injured.

Following graduation from ABC Business School, I intend to serve a marketing team in a local physical therapy company, such as Ridgeview Physical Therapy. My short-term goal is to lead a team, furthering success in the Ridgeview area. Due to the popular physical therapy company thirty miles from Ridgeview, much of the local population is unaware of the quality services Ridgeview Physical Therapy has to offer. I hope to increase visits by 40 percent in the first 5 years of my employment. My long-term goal includes extending the company’s reach into surrounding cities, and eventually beyond national barriers, becoming a global marketing manager.

I expect to gain skills and experiences from ABC Business School that will propel my short and long-term goals. I hope to develop an experiential and diverse learning experience and have the opportunity to interact with different groups of people to learn from their business insights and endeavours. From ABC Business School, I seek the tools and resources needed to further engage in my marketing knowledge, perform professional strategic analyses, and re-evaluate my past work experiences. I look forward to taking courses from Professor Jim. W. Reid, who has published the research of the success of Matthews and Marketing in his book, “Matthews Commerce,” which has helped me continue my career this far. I also look forward to taking the unique classes taught by Professor Rachel E. Davis, introducing me to the physical therapy world and enriching my business skills in that area.

When my brother’s car accident in 2011 caused immobility in his left leg, he never thought he would be able to play his favorite sport again. David Andrews, a 1994 graduate from ABC Business School, ensured that that would not come to pass. I spoke with Andrews about his journey, and he told me that it was through the opportunities and education he received from the professors and students at ABC Business School that helped him open his own practice. I hope to follow in Andrews’s footsteps. With the passion I have for the success of Ridgeview Physical Therapy, and the determination I learned from watching my brother, all I need to complete my goals is the knowledge available to me through an MBA at ABC Business School. I look forward to completing my career aspirations using the tools received from ABC Business School to contribute to my professional career.

The world of physical therapy is growing, and with my skills in marketing, I hope to grow the local Ridgeview services across the globe.

In this essay, the applicant is assigned to answer the prompt in approximately 500 words. The admissions officer expects a clear and concise essay that does not veer off the question and exemplifies quality writing, grammar, and punctuation. In questions similar to these, the admissions officers are looking for: Student’s understanding and knowledge in answering questions: The writer explains his short and long-term career goals, referencing the future of the career (Bureau of Labor Statistics) and quantifying his goals (Increase by 40 percent within the first 5 years). A deeper look into who the applicant is: Writer shares personal information that also relates to answering the question (brother in physical therapy). Make sure that any personal information you share does not veer off of the question that needs to be answered. Proper research on the school to adequately answer the second question: Student mentions names of professors who have demonstrated help in the past (professor’s business research book) giving credibility to the student that he believes they will be able to help him in the future. Avoid flattery and only speak of the school in a way that shows proper research and answers the question presented.

Nancy, the CEO of Jasmine Publishing House, bought me a coffee and told me I should invest in warm gloves as we sat down at a corner diner for what would be a game-changing business meeting. As the leading publishing house in Europe, Nancy informed me that JPH was interested in closing a multi-million dollar deal with our fashion magazine, Zoelle, provided we changed the magazine's appearance to attract a broader European audience.

As production manager, my job was to lead and supervise a staff of 30 to match Nancy's vision, working closely with the design team, photographers, production staff and marketing team. After three weeks of heavy brainstorming, we developed a fresh appearance for the magazine.

I invited Nancy to a meeting with me and three of our executive producers. I shared with her the strategy we had created in order to solve our appearance problem, as well as estimated costs and complications. Nancy agreed that the direction our magazine was going fit well with her vision and audience, and that JPH would be happy to work with us within the next week.

Although the team was excited to accept the offer, I was concerned that we were not prepared to complete the project so quickly. Though the executive producers did not understand, as our production team was to begin work on the next issue the following day, I explained that there may include deep financial consequences if we rush into the process. I wanted to ensure that JPH received a consistent layout from Zoelle magazine. Nancy agreed to wait until the upcoming issue was complete before beginning work on the new look.

We began work the following Tuesday, after the latest issue was produced. I collaborated with an eight member marketing team to develop new branding for our magazine and mediated this branding with the design team, ensuring that it was able to blend well with their ideas and insights based on the first meeting with Nancy. I led the operation of the first issue to be published via JPH, supervising 30 employees.

After the issue was published, our sales increased by 42 percent in the first week. After leading the Zoelle team to a business deal close and a fresh start, I learned that with the proper leadership, a staff of varied talents, insights and opinions can work closely together to produce a magazine that continues to increase its sells each issue. My initiative helped provide Zoelle with its largest new contract that year, a $2 million deal. Customers from Europe and the United States commented with positive remarks on the new look, showing interest in the replacement of the former look, which had been being published for seven years.

After this leadership experience, I was able to see my potential as a leader. I can communicate effectively with all members of a group and help connect them with one another to make a larger picture. I protect my business discernment even against an upset crowd, and am able to properly persuade others to understand other perspectives. Through learning more about leadership every day with my work in Zoelle, I hope to continue to strengthen these abilities and witness the success they can bring to media production.

In this essay, the applicant was asked to detail her leadership abilities through the application of a relevant example. She was asked to do this in approximately 550 words, using concise language and proper grammar and punctuation. In questions similar to these, the admissions officers are looking for: Applicant's ability to share leadership qualities with a relevant example: This writer shared leadership qualities of communication (brainstorming with different staffs and helping them connect their ideas together), listening (brainstorming and understanding staff concerns), delegating (ensuring each team did what was supposed to be done), and managing (managed and supervised a staff of 30) through the use of an example from her work with Zoelle Magazine. Proof of a potential growth in these leadership skills: The writer hopes to “continue to strengthen” her leadership skills. She provides examples of how she learned from previous leadership roles. How these skills will help further your career: The writer used an example from her current career and concluded her essay with a look into the potential of leadership in her field.

I looked across my celebratory cheesecake and beamed up at my new coworkers. I couldn't believe I had finally landed my dream job. All of the senior editors were having lunch in the cafe across the street from the bakery where the finance team and marketing team shared dessert. I had been hired as a budget analyst at my favorite magazine. My job was to work alongside the business manager to help create a more healthy marriage between the finance and marketing departments, thus improving our sales and workplace environment. On my way home, I reflected on my relief in finally having an exciting and secure career.

Just three months later, we met at the same bakery where I had celebrated my new job. Every department from our small, close-knit staff was present. As the publication manager began to tell us the news, I remember how our faces fell. Our publication company was going out of business, and every publication was to be shut down. She explained that they had tried to find another publishing company without success.

Not only did I feel as though I failed the company, I also knew that I, as well as the other 17 employees, was out of a job. We went back to our offices and packed up our things. Writers and designers were frantically calling around, asking for open positions. An employee from the finance department began tweaking his resume, and the marketing department apologized to the publication manager and editor-in-chief, who responded graciously.

I had to leave my apartment not long after losing my job. I stayed with a friend on the north side of town as I tried to find a job in a shrinking economic suburb. It took six months to find a position, and though I had to move and leave behind my dream, I found a new way to work toward my new dream.

From this experience, I learned the importance of adaptability. Only through my ability to embrace the change happening around me was I able to find a new job and start a new life with new visions and goals. Applying for my MBA would have sounded bizarre to the disheartened, homeless idealist who lost her dream. But now, after finding in me the strength to persevere, I am able to take what I learned from my previous job and pair it with what I learn from the university. This knowledge will help me ensure that the future companies I work with will not have to endure a similar fallout.

However, if there comes a time when I am again involved in a lost company, I know how to repair. I know how to restore.

In this essay, the applicant was asked to recall a challenging situation to which the writer overcame the boundaries. The writer was asked to do this in approximately 450 words, using concise language and proper grammar and punctuation. In questions similar to these, the admissions officers are looking for: Applicant's ability to identify a challenging moment in her life: This writer uses a relevant example of a challenging situation, describing the challenge of losing a job, losing housing, and having to move to a different city. Examples of how the applicant overcame these challenges: The writer cites her “adaptability” as the reason why she was able to overcome this challenge. Instead of giving up, the applicant tells of applying for other jobs, even ones that were out of her comfort zone and in another city. Brief insights to what the applicant learned from the challenge: This writer learned how to maintain strength, perseverance and adaptability in challenging situations. The applicant tells of continuing the learning process in her MBA program and allowing it to help future companies.

“Gallery Furniture saves you money today!” As a child, these words rang out to me, sandwiched in between the episodes of Pokemon and Yu-Gi-Oh that I gleefully watched every Saturday morning. During commercial breaks, an older gentleman known as Mattress Mack would dominate all 24 inches of my cartoon box with his signature hundred-mile-per-hour pitch, reserved for sputtering off the praises of American-made furniture sold at affordable prices. Mattress Mack reigned as a household favorite in the Greater Houston area; in fact, my cousin and I made games out of memorizing his lines and spitting them out as fast as we could whenever his ads came on TV.

Mack’s distinctive elevator-pitch talking style stemmed from the financial difficulties he faced at the start of his career. At that time, Mack invested his entire life savings in a single ad that aired on two stations. While watching the ad himself, he grew unhappy with the producers’ work and ad-libbed a rapid pitch which would be later recognized as one of his greatest sparks of unconventional genius. Mack's unique re-branding has taught me to recognize the value of bootstrapping and developing creative solutions to solve problems.

Beyond his unorthodox sales strategies, Mack also had a heart that was truly the size of Texas. In August of 2017, Hurricane Harvey made landfall and caused $125 billion in damages, and several people that I personally know lost everything. While most of us worried solely about our own survival, Mack opened his two biggest showrooms and provided food to those who needed it most. His heroic actions eventually earned him his own day, August 26th, appropriately named Mattress Mack Day. He has inspired Houstonians just like me to pursue entrepreneurship opportunities that put social focus on the forefront.

As Harvey pummelled through the Gulf Coast, I noted the amount of devastation the hurricane has caused for our local automotive industry. This sparked an idea. As a passionate watchmaker and a car enthusiast, I partnered with my co-founder to create one-of-a-kind wristwatches from wrecked supercars with stories to match. A portion of each sale would then be donated to Habitat for Humanity to rebuild communities affected by natural disasters. My dream came to fruition, and over the last two years, the work I did has gained the attention of Mayor Turner, Capital One Bank, and various other notable individuals and organizations across Texas, Florida, Switzerland, and the UK. Born from a company bootstrapped with a $10,000 award from Capital One Bank, we are now projected to take in a revenue of $500k in the coming year.

Mattress Mack’s unconventional business approaches have taught me that tackling problems with limited capital yields the most innovative solutions and that the numbers, albeit essential, are not the end-all-be-all of a company. His ability to see equal importance in their lesser-noticed counterparts -the people his business serves and the community he resides in- are what sets him apart from traditional bosses as a truly effective leader. His actions have taught me that marrying unconventional problem-solving skills to a strong moral code is the key to greater personal success.

Business Sample Essay Five

Fuqua was the first business school I visited at the beginning of my application journey. No one in my family has ever attended college, let alone business school, so my visit opened a new world of opportunity for me. I sat in the auditorium with 300 other Management Leadership for Tomorrow (MLT) fellows soaking up facts about Fuqua’s collaborative culture, global perspective, and distinguished faculty. My most vivid memory of the experience was at the end of the first day when the Black and Latino MBA Organization (BLMBAO) came on stage and helped me understand what it truly means to be on “Team Fuqua.” Dancing, cheering, and wearing their Blue Devil gear, the students made it easy to see a cohesive community for students of color – one that I have not felt so palpably at any other business school since. As I sat in that auditorium, I began to imagine myself as a part of “Team Fuqua,” and after the visit I became more confident that there was a place for me at Duke. For these reasons, I am seeking a spot in the entering class of 2022.

Post MBA, I plan to work as a Product Manager in an innovative digital healthcare company focused on using technology to transform patient care. Specifically, I would like to work in wireless tech and data analytics focused on chronic disease management similar to Twine Health, a platform integrated into patients' Fitbits to monitor diabetes-related vitals. In preparation for a career in healthcare, I plan on being a part of Fuqua’s Health Care Club (HCC). I look forward to contributing to this community through my perspective in healthcare consulting as well as my experience in the health insurance marketplace. By participating in the HCC, I will leverage the insight from 2nd year students as I navigate the healthcare recruiting process during HCC life line sessions. In time, I hope to return the favor by helping new students navigate recruitment, coursework, and life in Durham. Particularly, I am excited to gain valuable insight into the healthcare industry through programming coordinated by HCC such as the Duke MBA Health Care Conference and panel discussions throughout the year. HCC will not only provide me the knowledge and professional aptitude for a meaningful career in the healthcare sector, but will also grant me a life-long network of Fuqua healthcare leaders. To further promote health, I want to take part in the Fuqua Running & Triathlon Club. As a cross country athlete in high school and college, I look forward to exploring the Raleigh-Durham area and sharing my love of running.

Beyond my involvement in the Fuqua healthcare community, I also plan to join BLMBAO. It is very important for me to be part of a collective of leaders of color that empower each other to reach their full potential in business. For this reason, I am interested in joining the leadership cabinet of BLMBAO and shaping events such as the MBA Minority Business Conference. I want to continue BLMBAO’s work of increasing the visibility of underrepresented minorities, engaging Fuqua on issues of race and inequality, and being an advocate for women of color in business. For example, as a Fellow and alumna of MLT, I will commit myself to building a pipeline for Latina prospective Fuqua MBA students. This will include holding workshops that focus on the application process and challenges specific to Latinas in management.

In the end, Duke is the ideal place for me to become the business leader I know I can be. The opportunities in healthcare at Fuqua with HCC in conjunction with the school’s close proximity to the research triangle are second to none. A Fuqua MBA will give me the opportunity to learn, grow, and lead among lifelong friends. As a part of the incoming class, I will continue to learn more about Fuqua and expect that the “Team Fuqua” spirit will stand out in all of my interactions within the larger community. Just as BLMBAO students inspired me on my first day at Fuqua, I hope to one day inspire a young Latina professional setting her sights on business school.

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Are you studying business and finance and have to write a persuasive essay about it?

Persuasive writing is part and parcel of business. You need to be persuasive in order to achieve business success. It is important to know how to present an argument and make a convincing case for your point of view.

But how can you write a business essay effectively if you don't even know where to start?

Don't worry anymore! This guide will teach you how to craft an impressive persuasive essay about business. We'll provide examples and tips on how to write the perfect essay that will convince others of what you want!

So let's get started! 

• 1. Persuasive Essay Writing - The Basics
• 2. How to Write a Persuasive Business Essay
• 3. Business Essay Examples
• 4. Examples of Argumentative Essay About Business
• 5. Persuasive Essay Topics About Business

Persuasive Essay Writing - The Basics

A persuasive essay is a type of essay that is designed to convince the reader of your point of view.

It uses logic, facts, and evidence to present your side in an effort to sway their opinion. You also use other persuasive elements, like emotional appeal, to persuade others.

Persuasive essays use clear language to make the reader understand your position and see why it is the better choice.

You have now understood the basic definition and purpose of a persuasive essay. Check out the PDF sample below to understand what a persuasive essay looks like in practice.

What is a Persuasive Essay - Example

The Importance of Persuasion in Business

Persuasion is an important skill to have in the business world. You need to be able to persuade others so that you can get what you want. 

This can be in the form of a sale, convincing an employer to hire you, or even presenting a business idea to potential investors. 

Persuasive writing is also used in marketing. Businesses need to explain why people should purchase their product or service and convince them that it is the right choice.

It is important to understand the key techniques for persuasive writing so that you can be successful in business.

Here a video with a simple explanation of what is persuasion:

How to Write a Persuasive Business Essay

Writing a persuasive essay can be a daunting task, as it requires the use of correct persuasive techniques along with evidence. But with the right steps and guidance, you can create an impressive piece.

Continue reading to find out what these steps are.

• Think of a Clear Topic Your essay should have a very clear topic that you want to focus on. This will form the basis of your argument and drive the rest of your essay.

Make sure to choose a topic that you are passionate about and has different sides to it that can be argued. It will also help you formulate the thesis statement, or the central point of your argument.

• Research and Gather Evidence

After choosing the topic, research it deeply. Find out as much information as you can to make your essay more compelling.

You should also gather evidence in order to back up your argument. This could be in the form of facts, statistics, quotes, or even personal anecdotes.

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• Organize Your Ideas

Once you have conducted your research, it is time to organize your ideas. You should have a clear direction that you are taking and the points that you want to make within the essay.

You could use an outline to help with this. It will give you a good idea of how persuasive essay 3-paragraph will look and flow together.

• Write Convincing Paragraphs

Now it is time to write your essay! You should start with an introduction that sets the scene for your topic and explains what you will be discussing in the essay.

The body of your essay will be composed of several paragraphs that make up your argument. Each paragraph should focus on one point and have evidence to back it up.

Finally, the conclusion should summarize your argument and explain why you are right. It should also leave a lasting impression on the reader.

• Check For Errors

Once you have finished writing your essay, it is time to proofread and make revisions . Check for any spelling or grammatical errors and make sure that the argument flows well.

You should also ask someone else to read your essay and give you feedback. This could be a professor or a trusted friend.

These are the steps that will help you write a compelling persuasive business essay. With these tips, you can now create an effective essay that will persuade others of your point of view.

Read on to find persuasive essay examples that will inspire you to write your own essay

Persuasive Essay About Business Examples 5 Paragraphs

Persuasive Essay About Business Examples PDF

Business Essay Examples

Business essay writing can be quite challenging. After all, you are required to provide evidence and arguments to back up your opinions.

But don't fret! You will get comfortable with it after checking out a few good examples and getting some practice. Here are some examples to help you get started on your own essay:

Persuasive Essay on Business Administration

Example of Persuasive Speech About Business

Persuasive Essay About Online Business

Persuasive Essay On Business Management

Examples of Argumentative Essay About Business

Argumentative business essays are a great way to explain your point of view in a logical and convincing manner. 

Business essays can be written about many argumentative essay topics. For example, to explain why certain business decisions should be made or to argue the pros and cons of different approaches. Here are some examples:

Argumentative Essay About Online Business

Argumentative Essay Business Example

Argumentative Essay About Small Businesses

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Persuasive Essay Topics About Business

Persuasive essays are a great way to engage your readers and make them think about the topic at hand.

When it comes to business, there are many interesting topics that you can explore in a persuasive essay. Here are some business topic ideas:

• The Benefits of Outsourcing Business Processes
• Why Corporate Social Responsibility Has a Positive Impact For Business Outcomes
• Should businesses get more benefit from online social networks and social media platforms?
• The Impact of Taxation on Small Businesses
• The Pros and Cons of Starting a Business in the United States
• Employee Training and Its Benefits for Labor Turnover
• The Disadvantages of Mergers and Acquisitions for Working Conditions?
• Should businesses be required to have a minimum wage?
• Why should paternity leave be longer?
• Why Is it fair to restrict competition in certain areas in order to provide better service to customers

We have some persuasive essay topics on other subjects for you as well - check them out!

To wrap up the discussion,

Writing a compelling business essay can be challenging, but it is also an important skill to have when you are entering the corporate world.  By following these tips and looking at examples, you can create an essay that will make your point of view clear and persuasive.

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We have highly qualified persuasive essay writers who are experts in writing about business related topics. 

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Keep reading

Business Essay Introduction – Everything You Need To Know

Want to know business essay introduction then you are at the right place. Here we will discuss everything you need to know about business essay introduction. On the other hand, a business essay is a type of writing that presents an argument or analysis related to a specific business topic. It is a critical component of any business curriculum as it helps students develop their analytical and writing skills, which are essential in the business world. A business essay can be written on various topics, including marketing, finance, management, and entrepreneurship, among others.

In this blog, we will discuss the essential elements of a business essay introduction. The introduction is the first part of the essay that the reader encounters. Therefore, it should be engaging, informative, and persuasive. The introduction sets the tone for the rest of the essay and should capture the reader’s attention.

What is a Business Essay and Why is it Important?

Table of Contents

A business essay is an academic or professional piece of writing that discusses a specific aspect of the business world. It may focus on topics such as marketing, finance, management, entrepreneurship, or any other area related to the field of business. Business essays may be assigned as coursework in a business degree program or may be written by professionals for publication in industry-specific journals.

Business essays are important for several reasons. Firstly, they provide a platform for the discussion of critical issues facing the business world. By analyzing and discussing these issues, business essays can help individuals and organizations to develop better strategies and approaches to solving problems.

Secondly, business essays are a valuable tool for education and professional development. They help students and professionals to develop their understanding of complex business concepts and to improve their analytical and writing skills. Through the process of researching and writing a business essay, individuals can develop a deeper understanding of the subject matter and gain new insights into the challenges facing the business world.

Thirdly, business essays are important for thought leadership and innovation. By publishing thought-provoking and insightful essays, business professionals can contribute to the advancement of their field and help to shape the direction of future research and development.

Finally, business essays are important for sharing knowledge and best practices across the business community. By sharing their insights and experiences, business professionals can help others to learn from their successes and failures, and to apply these lessons to their own organizations.

Role of Business Essay Introduction

The introduction is a critical component of any business essay, setting the tone for the rest of the paper and providing the reader with a clear understanding of the purpose and scope of the essay. A good introduction should grab the reader’s attention, provide background information, state the thesis, outline the essay, persuade the reader, explain the importance of the topic, and provide information on the scope of the essay.

In the world of business, effective communication is essential for success. Whether you are communicating with customers, employees, or other stakeholders, the ability to convey your message clearly and concisely is critical. Business essays provide a platform for individuals and organizations to explore and discuss critical issues facing the business world, helping to develop better strategies and approaches to solving problems.

In this essay, we will examine the role of effective communication in the business world and explore the various strategies and tools that individuals and organizations can use to improve their communication skills. We will also discuss the importance of communication in different areas of business, including marketing, management, and entrepreneurship.

Through this analysis, we will demonstrate how effective communication can drive success in the business world, helping organizations to achieve their objectives and compete in a rapidly changing global marketplace. By focusing on the importance of communication in the business context, this essay aims to provide valuable insights and practical strategies for individuals and organizations seeking to improve their communication skills and succeed in the dynamic world of business.

The Importance Of A Business Essay Introduction

The introduction is a crucial part of any essay as it provides the reader with an overview of what to expect in the rest of the paper. A good introduction should:

1. Grab the reader’s attention

The introduction should be engaging and capture the reader’s attention. It should be interesting enough to make the reader want to continue reading the essay.

2. Provide background information

The introduction should provide some background information on the topic. This information helps the reader understand the context of the essay.

3. State the thesis

The introduction should state the thesis or the main argument of the essay. This statement helps the reader understand the purpose of the essay.

4. Outline the structure

The introduction should outline the structure of the essay. This information helps the reader understand the flow of the essay.

5. Persuade the reader

The introduction should be persuasive. It should convince the reader that the essay is worth reading.

Elements Of A Business Essay Introduction

The introduction of a business essay should include the following elements:

1. Attention-grabbing opening sentence

The introduction should start with an attention-grabbing sentence that captures the reader’s attention. This sentence could be a quote, a statistic, or an anecdote related to the topic.

2. Background information

The introduction should provide some background information on the topic. This information could include the history of the topic, current trends, or relevant facts and figures.

3. Thesis statement

The introduction should state the thesis or the main argument of the essay. The thesis statement should be clear and concise.

4. Outline of the essay

The introduction should provide an outline of the essay. This outline could include the main points that will be discussed in the essay.

5. Importance of the topic

The introduction should explain why the topic is important. This explanation could include the relevance of the topic to the business world, the impact of the topic on society, or the significance of the topic to the reader.

6. Scope of the essay

The introduction should also provide information on the scope of the essay. This information could include the specific aspects of the topic that will be discussed in the essay.

• Business Speech Topics
• Business Management Books

Examples Of Business Essay Introductions

Example 1: marketing.

Marketing is a critical component of any business strategy. It is the process of identifying and satisfying customer needs through the creation and delivery of value. In today’s competitive business environment, companies that fail to market their products effectively risk losing market share to their competitors. This essay will discuss the importance of marketing in business and the various strategies that companies can use to market their products.

Example 2: Finance

Finance is the backbone of any business. It is the process of managing money and investments to ensure the financial stability and growth of a company. In today’s complex business environment, companies need to have a solid financial strategy to remain competitive. This essay will discuss the role of finance in business and the various financial strategies that companies can use to achieve their financial objectives.

Example 3: Management

Management is the process of planning, organizing, and controlling resources to achieve specific goals. Effective management is critical to the success of any business, as it ensures that the company’s resources are used efficiently and effectively. This essay will discuss the importance of management in business and the various management strategies that companies can use to achieve their objectives. We will also explore the different management styles and their impact on organizational performance.

Example 4: Entrepreneurship

Entrepreneurship is the process of creating, developing, and managing a new business venture. It involves identifying a business opportunity, developing a business plan, and securing the necessary resources to start and grow the business. This essay will discuss the importance of entrepreneurship in the modern business world and the different entrepreneurial strategies that individuals can use to start and grow their businesses. We will also explore the challenges and opportunities that entrepreneurs face in today’s dynamic business environment.

Benefits of Writing a Good Business Introduction

Writing a good business essay introduction has several benefits, including:

1. Capturing the reader’s attention

A well-written introduction grabs the reader’s attention and encourages them to read further. This is especially important in a business context where attention to detail is critical.

2. Communicating the purpose of the essay

The introduction states the main argument or thesis of the essay, giving the reader a clear understanding of what to expect in the rest of the paper.

3. Setting the tone

The introduction sets the tone for the essay, providing a framework for the rest of the writing. This helps the reader to understand the author’s perspective and approach to the topic.

4. Outlining the structure of the essay

The introduction outlines the structure of the essay, providing the reader with a roadmap of the points that will be covered in the paper. This helps the reader to understand the flow of the essay and to follow the argument logically.

5. Providing context

The introduction provides context for the topic, explaining why it is important and relevant to the business world. This helps the reader to understand the significance of the topic and to engage with the content.

6. Persuading the reader

A well-written introduction is persuasive, encouraging the reader to take the author’s perspective seriously and to engage with the content. This is important in a business context, where the ability to persuade others is a key skill.

7. Demonstrating writing skills

Writing a good business essay introduction demonstrates the author’s writing skills, including their ability to organize ideas, use appropriate language, and communicate effectively. This is important in a business context, where clear and concise communication is critical.

In conclusion, the introduction is a critical component of any business essay. It sets the tone for the rest of the essay and should be engaging, informative, and persuasive. A good introduction should grab the reader’s attention, provide background information, state the thesis, outline the essay, persuade the reader, explain the importance of the topic, and provide information on the scope of the essay. By following these guidelines, writers can create effective business essay introductions that will engage their readers and provide them with valuable insights into the topic being discussed.

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Home — Essay Samples — Business — Competition — Competition in the Business World

The Importance of Competitive Strategies for Business: Analysis of Lenovo

• Categories: Business Success Competition Strategic Management

About this sample

Words: 2585 |

13 min read

Published: Jan 4, 2019

Words: 2585 | Pages: 2 | 13 min read

Table of contents

Executive summary, introduction, competitive strategies, lenovo and the application of competitive strategies, the importance of competitive strategies, corporate strategy, international strategy, sustainability, lenovo and the competitive ability, the application of corporate strategy, the application of international strategy, the application of sustainability.

• Asif, M, Searcy, C, Garvare, R & Ahmad, N 2011, ‘Including sustainability in business excellence models’, Total Quality Management & Business Excellence, Vol. 22, No. 7, pp. 773-786.
• Bini, L, Bellucci, M & Giunta, F 2018, ‘Integrating sustainability in business model disclosure: Evidence from the UK mining industry’, Journal of Cleaner Production, Vol. 171, pp. 1161-1170.
• Borland, H 2019, Business strategies for sustainability, 1st edn., Routledge, Taylor & Francis Group, New York.
• Chevalier-Roignant, B & Trigeorgis, L 2012, Competitive strategy: options and games, 1st edn., MIT Press, Cambridge, Mass.
• Collis, D 2014, International Strategy and Competition: Context, Concepts and Implications, John Wiley & Sons, Incorporated, New York.
• De Clercq, D & Voronov, M 2009, ‘The Role of Cultural and Symbolic Capital in Entrepreneurs' Ability to Meet Expectations about Conformity and Innovation’, Journal of Small Business Management, Vol. 47, No. 3, pp. 398-420.
• Ford, D & Håkansson, H 2013, ‘Competition in business networks’, Industrial Marketing Management, Vol. 42, No. 7, pp. 1017-1024.
• Gergs, H 2003, ‘Economic, Social, and Symbolic Capital: New Aspects for the Development of a Sociological Theory of the Market’, International Studies of Management & Organization, Vol. 33, No. 2, pp. 22-48.
• Grundy, T 2017, Dynamic competitive strategy: turning strategy upside down, Routledge, London.
• Guo, Y 2018, ‘Business Strategy Analysis-Lenovo ‘, Journal of Business Theory and Practice’, Vol. 6, No. 13, pp. 245-249.
• Hitt, MA, Li, D & Xu, K 2016, ‘International strategy: From local to global and beyond’, Journal of World Business, Vol. 51, No. 1, pp. 58-73.
• Holstein, WJ 2014, Lenovo Goes Global, Strategy + Business, viewed 15th September 2019, .
• Huang, Z, van der Aalst, WMP, Lu, X & Duan, H 2011, ‘Reinforcement learning based resource allocation in business process management’, Data & Knowledge Engineering, Vol. 70, No. 1, pp. 127-145.
• Johnson, G, Whittington, R & Scholes, K 2008, Exploring Corporate Strategy: Text and Cases, 8th edn., Prentice Hall Higher Education, Place of publication not identified.
• Lenovo 2018, 2017/18 Sustainability Report, viewed 15th September 2019, .
• Lenovo 2019, Annual Report 2018/19, viewed 15th September 2019, .
• Luo, Y & Bu, J 2018, ‘Contextualizing international strategy by emerging market firms: A composition-based approach’, Journal of World Business, Vol. 53, No. 3, pp. 337-355.
• Lynch, RL 2006, Corporate strategy, 4th edn., Financial Times/Prentice Hall, Harlow, England.
• Morris, PWG & Jamieson, A 2004, Translating corporate strategy into project strategy: realizing corporate strategy through project management, Project Management Institute, Newtown Square, Pa.
• Pidun, U, Rubner, H, Krühler, M, Untiedt, R & Nippa, M 2011, ‘Corporate Portfolio Management: Theory and Practice’, Journal of Applied Corporate Finance, Vol. 23, No. 1, pp. 63-76.
• Reynolds, K 2016, 11 Biggest Challenges of International Business in 2017, viewed 15th September 2019, .
• Teh, D & Corbitt, B 2015, ‘Building sustainability strategy in business’, Journal of Business Strategy.
• Velho, O 1999, ‘Globalization: Object—Perspective—Horizon’, Journal of Latin American Anthropology, Vol. 4, No. 2, pp. 320-339.
• Wagner, B & Svensson, G 2014, ‘A framework to navigate sustainability in business networks: The transformative business sustainability (TSB) model’, European Business Review, Vol. 26, No. 4, pp. 340-367.

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Why Some Companies Grow Amid Uncertainty — and Others Don’t

• Simon Freakley
• David Garfield

A survey of 3,000 global executives suggests that it’s not strategic thinking that sets them apart. It’s their inclination to move quickly.

When you cannot base strategy on reasonably certain premises — or when those reasonable premises are undone by unforeseeable events — what is a company to do? You still have to make plans, allocate capital, and invest for the future. Some argue that agility is the key to thriving in disruptive times, but if all you do is pivot, you are just going around in circles. The annual AlixPartners Disruption Index surveys 3,000 global executives about what is knocking them sideways. Among other things, it shows that three out of five say that it is increasingly challenging to know which disruptive forces to prioritize. Amid all this, there is a group of companies doing very well: about one in five said their companies lead their industry in revenue growth. In this article, the authors dig into that 2024 data to find out what sets these companies apart, and what other companies can learn from them about setting growth strategy in an uncertain world.

Strategic planning plays a key role in helping companies anticipate and manage business cycles. But forces like emerging digital technologies, climate change, and deglobalization — not to mention “black swan” events like the Covid-19 pandemic and wars — have turned a rolling sea into a choppy one, where companies are beset by currents, crosscurrents, riptides, and squalls. This multiplicity of related, unrelated, and inter-related difficulties have one thing in common: They are unpredictable.

• SF Simon Freakley is the Chief Executive Officer of AlixPartners, a post he has held since 2015. He is based in New York.
• David Garfield is a Chicago-based partner and managing director of AlixPartners, and the global leader for the firm’s industry practices.

Partner Center

There is mounting evidence that starting a business reduces stress–and persistent myths that are stopping employees from taking the plunge

In 1989, a 39-year-old executive found herself at a crossroads. After 17 arduous years of climbing the corporate ladder at  Vogue , she lost the editor-in-chief position to a rival, Anna Wintour. One day, while struggling to find the right gown for her upcoming wedding, she spotted a business opportunity: designing dresses for others. Hesitant, she wasn’t sure she’d make it:   “Maybe it’s just too late for me, ” the executive wondered. Still, she took the plunge, and one year later, she opened a boutique at New York City’s Carlyle Hotel.

Fast forward to 2024, and that executive is Vera Wang, one of the most successful fashion designers in the world, with a net worth of over  $650 million . It’s easy to marvel at Wang’s financial success. But as new research reveals, the real reward of starting a business extends well beyond money–it also means lower stress , better health, and a more meaningful career.

The burnout that drives successful people to leave corporate America has only intensified in recent years. During the height of the pandemic, Gallup recorded  record-setting stress levels . It would be easy to dismiss this figure as an unavoidable byproduct of COVID-19, except for one excruciating detail: We’re just as  stressed out today . 

Why entrepreneurs report less stress than the average worker

As someone who has helped thousands of entrepreneurs, I know firsthand the benefits of–and misconceptions about–taking employment into one’s own hands and starting a business. After a year filled with record-setting layoffs, return-to-work mandates, and the looming threat of AI, it’s time to take research on worker welfare seriously, and debunk the myths that keep employees from healthier, more satisfying, and less stressful lives.

In recent years, a new wave of peer-reviewed research indicates that launching a business can dramatically reduce stress and improve physical and mental health. That revelation first gained traction with a groundbreaking paper published in the  Journal of Occupational and Organizational Psychology . In it, researchers compared a nationally representative sample of employees and entrepreneurs on various health factors, including blood pressure, physician visits, physical and mental illness, and overall well-being. The results overwhelmingly favored entrepreneurs, who evidenced significantly lower blood pressure and hypertension rates, fewer hospital visits, and reduced incidence of physical and mental illnesses. 

How can starting a business, which many justifiably consider a massive and nerve-wracking undertaking, possibly reduce stress? 

A  2020 study  offers important clues as to why entrepreneurs  report less stress  than the average American. Economists at Colorado State University and Florida Atlantic University concluded that founding a business fosters a greater sense of purpose as entrepreneurs experience more autonomy and competence at work.

And although we’ve been taught that being an employee is the safer financial path, a  2022 JP Morgan report  indicates that the median self-employed household has a net worth more than four times greater than the median worker. Counterintuitively, launching a business yields greater financial stability than working for an employer.

What’s keeping more employees from launching their own businesses

I recently commissioned a proprietary study of 1,100 current and prospective entrepreneurs, asking about their perception of entrepreneurship, motivation for starting a business, and experiences at work. We then compared those who recently started a business against employees who have considered doing so but have yet to take the plunge. We uncovered three key barriers, all of which are grounded in erroneous assumptions about entrepreneurship. 

First, aspiring founders believe they need significantly more experience, industry knowledge, and financial savings to launch their business than actual business owners possessed before starting theirs. In other words, they impose higher, often unrealistic standards upon themselves.

Another major barrier deterring people from starting a business is the fear that entrepreneurship will demand excessively long hours, severely impacting their personal lives and relationships with family. Our research tells a different story. As it turns out, most new entrepreneurs work the same total hours they did before starting their business, with one notable difference: they do so while experiencing less work-related stress. At the same time, over twice as many entrepreneurs report that starting a business has positively impacted their family relationships than say it has damaged them. 

A final myth preventing people from starting a business is the belief that successful founders tend to be young. Mark Zuckerberg and Bill Gates may have both launched their companies while still in college but  research conducted at Wharton  indicates that they are the exception, not the rule.

In our study, aspiring entrepreneurs guessed the average age of a successful founder to be 35. Wharton’s analyses indicate the actual average is 42–but even that figure may paint an unrealistic picture. That’s because when you exclude the software industry, the average founder age is closer to 47–older even than Vera Wang when she opened her flagship store.

Not only is youth not a requirement for starting a business but if you’re striving for success, age is an asset. According to Wharton’s analyses, founders between the ages of 40 to 49 tend to vastly outperform younger founders. In fact, their companies are more than three times as likely to rank among the top-performing startups.

For those at a crossroads, the path to overall well-being may lie in the very idea you think is the biggest risk. For those aiming to secure greater wealth, better health, and deeper personal satisfaction, the entrepreneurial leap might just be the right move. It’s never too late to pivot to a more positive work life–the data is on your side. 

Ross Buhrdorf is the CEO of ZenBusiness, which has empowered over half a million individuals to launch and scale their businesses.

More must-read commentary published by  Fortune :

• Glassdoor CEO : ‘Anonymous posts will always stay anonymous’
• We analyzed 46 years of consumer sentiment data–and found that  today’s ‘vibecession’ is just men  starting to feel as bad about the economy as women historically have
• Housing market data suggests the most optimistic buyers during the pandemic are more likely to stop paying their mortgages
• Intel CEO : ‘Our goal is to have at least 50% of the world’s advanced semiconductors produced in the U.S. and Europe by the end of the decade’

The opinions expressed in Fortune.com commentary pieces are solely the views of their authors and do not necessarily reflect the opinions and beliefs of  Fortune .

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New York Takes Crucial Step Toward Making Congestion Pricing a Reality

The board of the Metropolitan Transportation Authority voted to approve a new $15 toll to drive into Manhattan. The plan still faces challenges from six lawsuits before it can begin in June.

By Winnie Hu and Ana Ley

New York City completed a crucial final step on Wednesday in a decades-long effort to become the first American city to roll out a comprehensive congestion pricing program, one that aims to push motorists out of their cars and onto mass transit by charging new tolls to drive into Midtown and Lower Manhattan.

The program could start as early as mid-June after the board of the Metropolitan Transportation Authority, the state agency that will install and manage the program, voted 11-to-1 to approve the final tolling rates, which will charge most passenger cars $15 a day to enter at 60th Street and below in Manhattan. The program is expected to reduce traffic and raise $1 billion annually for public transit improvements.

It was a historic moment for New York’s leaders and transportation advocates after decades of failed attempts to advance congestion pricing even as other gridlocked cities around the world, including London, Stockholm and Singapore, proved that similar programs could reduce traffic and pollution.

While other American cities have introduced related concepts by establishing toll roads or closing streets to traffic, the plan in New York is unmatched in ambition and scale.

Congestion pricing is expected to reduce the number of vehicles that enter Lower Manhattan by about 17 percent, according to a November study by an advisory committee reporting to the M.T.A. The report also said that the total number of miles driven in 28 counties across the region would be reduced.

“This was the right thing to do,” Janno Lieber, the authority’s chairman and chief executive, said after the vote. “New York has more traffic than any place in the United States, and now we’re doing something about it.”

Congestion pricing has long been a hard sell in New York, where many people commute by car from the boroughs outside of Manhattan and the suburbs, in part because some of them do not have access to public transit.

New York State legislators finally approved congestion pricing in 2019 after Gov. Andrew M. Cuomo helped push it through. A series of recent breakdowns in the city’s subway system had underscored the need for billions of dollars to update its aging infrastructure.

It has taken another five years to reach the starting line. Before the tolling program can begin, it must be reviewed by the Federal Highway Administration, which is expected to approve it.

Congestion pricing also faces legal challenges from six lawsuits that have been brought by elected officials and residents from across the New York region. Opponents have increasingly mobilized against the program in recent months, citing the cost of the tolls and the potential environmental effects from shifting traffic and pollution to other areas as drivers avoid the tolls.

A court hearing is scheduled for April 3 and 4 on a lawsuit brought by the State of New Jersey, which is seen as the most serious legal challenge. The mayor of Fort Lee, N.J., Mark J. Sokolich, has filed a related lawsuit.

Four more lawsuits have been brought in New York: by Ed Day, the Rockland County executive; by Vito Fossella, the Staten Island borough president, and the United Federation of Teachers; and by two separate groups of city residents.

Amid the litigation, M.T.A. officials have suspended some capital construction projects that were to be paid for by the program, and they said at a committee meeting on Monday that crucial work to modernize subway signals on the A and C lines had been delayed.

Nearly all the toll readers have been installed, and will automatically charge drivers for entering the designated congestion zone at 60th Street or below. There is no toll for leaving the zone or driving around in it. Through traffic on Franklin D. Roosevelt Drive and the West Side Highway will not be tolled.

Under the final tolling structure, which was based on recommendations by the advisory panel, most passenger vehicles will be charged $15 a day from 5 a.m. to 9 p.m. on weekdays, and from 9 a.m. to 9 p.m. on weekends. The toll will be $24 for small trucks and charter buses, and will rise to $36 for large trucks and tour buses. It will be $7.50 for motorcycles.

Those tolls will be discounted by 75 percent at night, dropping the cost for a passenger vehicle to $3.75.

Fares will go up by $1.25 for taxis and black car services, and by $2.50 for Uber and Lyft. Passengers will be responsible for paying the new fees, and they will be added to every ride that begins, ends or occurs within the congestion zone. There will be no nighttime discounts. (The new fees come on top of an existing congestion surcharge that was imposed on for-hire vehicles in 2019.)

The tolls will mostly be collected using the E-ZPass system. Electronic detection points have been placed at entrances and exits to the tolling zone. Drivers who do not use an E-ZPass will pay significantly higher fees — for instance, $22.50 instead of $15 during peak hours for passenger vehicles.

Emergency vehicles like fire trucks, ambulances and police cars, as well as vehicles carrying people with disabilities, were exempted from the new tolls under the state’s congestion pricing legislation .

As for discounts, low-income drivers who make less than $50,000 annually can apply to receive half off the daytime toll after their first 10 trips in a calendar month. In addition, low-income residents of the congestion zone who make less than $60,000 a year can apply for a state tax credit.

All drivers entering the zone directly from four tolled tunnels — the Lincoln, Holland, Hugh L. Carey and Queens-Midtown — will receive a “crossing credit” that will be applied against the daytime toll. The credit will be $5 round-trip for passenger vehicles, $12 for small trucks and intercity and charter buses, $20 for large trucks and tour buses, and $2.50 for motorcycles. No credits will be offered at night.

Grace Ashford contributed reporting.

Winnie Hu is a Times reporter covering the people and neighborhoods of New York City. More about Winnie Hu

Ana Ley is a Times reporter covering New York City’s mass transit system and the millions of passengers who use it. More about Ana Ley