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Sole trader (Self-employed)
Partnership
Limited company (Private, Unlisted, listed, public)
Co-operative
Category
Retail
Trade
Service
Manufacturing
Franchise
Business ideas ---- project related
What is a viable idea?
What would make a business work?
What makes a successful business person?
What's in a name?
How important is a name?
Important to position your company as well and as clearly as you can.
Most organisations have many real and potential competitors around them. Good to be different in some way.
Unique Selling Proposition - USP
This should come from the result of a careful and complete 'self
analysis', and much in-company discussion and outside research.
Role of Mission statement
Start-up small
Trade from home
Use available capital
| Capital £300 |
Cost -£100 |
Remaining capital |
£200 |
| Income £400 |
| Profit £300 |
Total capital after trading |
£500 |
Start-up big
Premises Qtrs rent Start with advance rent and 1st Qtrs.
Equipment
Working capital, materials, phone, electricity, cash flow.
Business plan
Thinking about it
Talking about it
Plan for success
The legal side
Finance and financing
Up and running
Business increase
Where are you going
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