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Published byCurtis Miller Modified over 8 years ago
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Brian Johnson
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How much do you want to earn in a week? How much will you charge per item or service? What will it cost to provide each item or service? How many items or services must you sell each week to make the income you want?
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Describe the business: Start up funding Legislation relating to the business Continuity of the business.
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Market Customers Nature of product/service Profitability
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The Internet Other business Proprietors Chambers of Commerce Networking organisations eg BNI Your Bank Television programmes: The Apprentice Dragons’ Den
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Prince’s Trust - for 18 -30 New Enterprise Allowance - on JSA The Prince’s Initiative for Mature Enterprise - for 50+
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What market? What do customers want? Unique Selling Point Marketing Publicity e-commerce Business cards Fliers Referrals
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Costs of: Start up Running Costs Materials Revenue: Items Pricing structures Profitability: How to calculate Marginal costing
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Money Premises Staff Banking
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Employment legislation Level of staffing Contracts of employment Training processes Disciplinary procedures
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Registration of the business PLC / Sole Trader/ Business Partnership/ Social Enterprise Taxation arrangements VAT Director / Self employed
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How to calculate Profitability Every day you delay is a day’s revenue lost.
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