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Start a small Business - Coggle Diagram

- - - - Equity
        
        Using money already have
        
        Finding investors
        
        Selling stocks
      - Debt
        
        Borrow moeny from
        
        Bank
        
        Business Development Centre
      - Own money
        
        House, saving
  - - - A precise statement of the rationale for a business and a step-by-step explanation of how it will achieve its goals
    - - Executive summary
      - Industry analysis
      - Description of venture
      - Production plan
      - Operative plan
      - Marketing plan
      - Organizational plan
      - Risk assessment
      - Financial plan
  - - - Buying an existing buss
      - Family Buss
      - Start from scratch
      - Franchising
        
        Cons: not entirely entrepreneur
  - - - Opportunity: any idea that can make money
      - Assess
        
        A need for the buss?
        
        Identify competition? Strenghts/ weakness?
        
        Calculate start up costs and revenue
        
        Assesss own knowledge, skills, aptitude
        
        Can entrepreneur bring together financial and human resources to start company?
        
        Describe the buss and marketing mix
  - - - 80% from past jobs
      - From anywhere
      - Experience, habbitts, hobbies
      - Population interests