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Business Start-Ups - Coggle Diagram
Business Start-Ups
CHALLENGES WITH STARTING A BUSINESS
Choosing the correct production method
Branch Production
Mass Production
Job Production
Deciding on an ownership structure
Having enough working capital
Location
Raising Long-Term Finance
Business Plan
Marketing Plan
Production Plan
Market Analysis
Financial Plan
Business Details and Ownership
Importance of having a Business Plan
Attracts Inverstors
Acts as a Means of Control
Anticipates Problems
Focuses on the Future
Break-even Analysis
Benfits
Forecasts Profits
Shows the size of the safety net
Limitations
Selling Price
Costs
Returns/Refunds