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business - Coggle Diagram
business
1.4.4 business pans
By writing a business plan it encourages the entrepreneur to collect all the relevant information together in a logical manner and to think through each step that they need to take before they can start trading.
Once up and running, the entrepreneur can use the plan as a guide and to check their progress against their original targets.
When starting a business, many start-up businesses select a sole trader or a partnership as their preferred type of business ownership. However, other types of business ownership exist, such as becoming a limited company. Limited companies can raise finance by selling shares . People who buy shares are called shareholders, as they own part of the business and are entitled to a share of the profits. This is called a liability . Investors are often willing to buy shares in limited companies because they benefit from limited liability
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Pressure group – an organisation that will campaign for something specific, e.g. workers rights, environmental protection
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