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Small Business Management

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Please give an understanding of the following issues that are important considerations for stating a new business.
Start-up operations,
vital components of a small business,
franchises,
buyouts,
pros and cons of family businesses,
competitive advantage
Include references if you have them please.

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Please give an understanding of the following issues that are important considerations for stating a new business.
Start-up operations,
Important considerations are:
1. Location of business:
2. The source of finance:
3. The need for employees to run the business:
4. The legal requirements and registrations required to start the business:
5. The product that will be dealt with in the business:
6. The role of the business (whether manufacturing, service or distribution)
7. The financial objectives of the business:
8. The market for the business:
9. Vital components of a small business,
Franchises,
Important considerations are:
1. The reputation of the Franchisor:
2. The cost of real estate essential for a Franchise:
3. The national and ...

Solution provided by:
Hatim Baxamusa, MBA
Education
  • BSc , University of Calcutta
  • MBA, Eastern Institute for Integrated Learning in Management
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