1 Academic PowerPoint Steps In Starting A Small Business.

Slides:

Advertisements

Similar presentations

Marketing Distribution Products/ Financing Service Management

Advertisements

1 Academic PowerPoint Purchase of an Established Business.

Accounting and finance Introduction to accounting.

Section 17.1 The Promotional Mix

UNIT C The Business of Fashion

5 Chapter Entrepreneurship and Small Business pp

Read to Learn The four main ways to become a business owner and the advantages and disadvantages of each The different forms of legal business ownership.

Section 1.2 Business Activities

Creating and Capturing Customer Value

Financial Reporting and Analysis – Chapter 4

Understanding & Managing Finance Seminar 1. Some Questions  What are accounts for?  Who are the key stakeholders in an organisation and what financial.

MANAGING INVENTORY, MRP AND JIT.  Inventory management is a system used to oversee the flow of products and services in and out of an organization. A.

Copyright  2004 McGraw-Hill Australia Pty Ltd PPTs t/a Marketing: A Practical Approach 5/e by Peter Rix Slides Prepared by:Joe Rosagrata 4-1 Chapter 4.

Chistyakova Nataly O.. Project stakeholders The client is the principal party interested in the carrying out of a project and in its successful outcome.

Methods to Initiate Ventures

CALCULATING THE COST OF TOTAL CREDIT Personal Finance.

All Aspects of the Industry SDCOE-ROP/CTE Fall 2012.

3.01 Fashion Marketing.

ENTREPRENEURS IN A MARKET ECONOMY

Being a Business Owner Section 4.2.

Level 1 Business Studies

Introduction to Business Chapter 13

An Overview of Strategic Marketing Part One Marketing and Its Environment Copyright © Houghton Mifflin Company. All rights reserved. PowerPoint Presentation.

 Utilization of a timeline  Defining influence  Establishing members  Meet and network  ORGANIZATION!

© 2003 McGraw-Hill Australia Pty Ltd, PPTs t/a Accounting Information & Reporting Systems by A. Aseervatham and D. Anandarajah. Slides prepared by Kaye.

Human Resource Management Business Concepts and Careers.

PowerPoint Presentation  Section 5.1  Pages

What is Small Business? Topic One. THE ROLE OF ACCOUNTING IN THE SMALL BUSINESS SECTOR The accountant looks after the business’s financial situation including.

Feasibility Analysis: Testing an Opportunity

Sources of Finance. Sources of finance We already know that a new business will have many costs e.g. –Premises, stock, wages, bills etc. They need money.

Business Organizations

Marketing Chapter 1 Review for TEST PLEASE PAY ATTENTION.

Chapter 6-3.  The process begins with an idea and concludes with a careful study of information to establish whether the idea can be successful.

Financial Literacy: Knowing What You Need To Know To Achieve Your Financial Goals.

* * Chapter Eleven Human Resource Management: Finding and Keeping the Best Employees Copyright © 2010 by The McGraw-Hill Companies, Inc. All rights reserved.McGraw-Hill/Irwin.

Incentive Problems These Exist in Every Organization What Kind of Organization to Choose? Many Conflicts Exist 1.

IB Business Management

Marketing Goods and Services

Read to Learn Define marketing. Identify the functions of marketing. List the elements of the marketing mix.

Bring Medical Relevance to your High School Chemistry Class High School Lab Curriculum Preparing students for college sciences and health professions Sign.

Testing the Concept. Objectives Define and conduct a feasibility analysis Define and conduct a feasibility analysis Create a competition grid Create a.

1 Objectives: 1. Describe economic concepts that apply to satisfying economic wants. 2. Explain the role of capital formation in an economy. Warm Up: Explain.

LESSON Evaluate the process of job evaluation and other factors determining pay 3.3. Assess the effectiveness of the reward systems in different.

Open for Business Project  This project includes 9 steps to think about when creating a business.  Each step will require a slide and each slide is worth.

THE SELLING PROCESS STEPS IN THE PROFESSIONAL SALES PROCESS.

PROPERTY PLANT AND EQUIPMENT JOURNAL ENTRIES LAND WAS PURCHASED FOR $10,000 OF CASH.

The 100 pennies represent $1 dollar in sales Sales

Business Plans Ross. What is a Business Plan? A business plan is a series of documents that serves as a blueprint for building a business. A business.

Developing a Business Concept. The Business Concept  An idea for a new business that CAN be TESTED  Answers 4 Questions: 1. What is the product or service.

MANAGING A SMALL BUSINESS Describe the characteristics of small-business owners. Identify key steps small-business owners follow to start their businesses.

Lesson 2 Functions of Business Unit 1. Although we come into contact with business regularly, we often do not think about what goes on behind the scenes.

@ 2012, Cengage Learning Introduction to Accounting and Business LO 2 – Generally Accepted Accounting Principles.

Secura India - Give Wings to Your Investments Secura, the investment management company is supported by Hi LITE group under the guidance of reputed business.

Intro to Business, 7e © 2009 South-Western, Cengage Learning SLIDE1 Starting a Small Business Goals Recognize important factors to be considered when starting.

UNIT 3: MONEY MANAGEMENT By Jakob Kramer 2/25/16.

IRE SHA FCN FRANCHISE. Franchises Aim: Identify the characteristics of a Franchise Objectives: Define a Franchise Know the difference between a Franchisee.

Establish that there’s a need in the community for the type of service you’re offering What kind of business to start Research what type of cleaning service.

EXPLORING YOUR FINANCIAL PRIORITIES Disability Protection Presented by: [name], [title]

UNIT C The Business of Fashion

ENTREPRENEURS IN A MARKET ECONOMY

UNIT V QUALITY SYSTEMS.

Feasibility and Business Planning

BUS 435 Competitive Success-- snaptutorial.com

BUS 435 Education for Service-- snaptutorial.com

BUS 435 Teaching Effectively-- snaptutorial.com

BUS 435 Education for Service-- tutorialrank.com

BUS 435 Inspiring Innovation-- snaptutorial.com

MARKET RESEARCH.

Testing the Concept in the Market

Stock Market Stage Analysis.

Presentation transcript:

1 Academic PowerPoint Steps In Starting A Small Business

2 Starting A New Business The process of starting a new business can be divided into a two stage process: Business Concept Development Stage Business Set-Up Stage

3 Business Concept Development Stage The prospective small business owner has to decide on the type of business that he or she will establish. An assessment should be made of the key characteristics of this type of business.

4 Business Concept Development Stage This assessment should include: The expected future demand for the products of the new business The number of competitors that the new business can expect to have The quality of the product offered by competitors The product benefits (*) that the new business will offer to people (*) A product benefit is a need that people have and are prepared to pay to have satisfied.

5 Business Set-Up Stage In the set-up stage, the intending business owner has to carry out a series of actions.

6 Business Set-Up Stage The actions include: Deciding on the legal structure of the business Choosing a location for the business Choosing a name for the business and registration Hiring employees Purchasing stock and plant and equipment Preparing a business plan Obtaining the finance needed to establish the business

7 Reference Material used in the PowerPoint slides and worksheets have been reproduced from the following references with full permission: Business Management in Australia –Ashley Doyle