What form of business would suit me? PDF Print E-mail

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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