Explore BrainMass

Explore BrainMass

    Small Business Management

    This content was COPIED from BrainMass.com - View the original, and get the already-completed solution here!

    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.

    © BrainMass Inc. brainmass.com October 1, 2020, 9:02 pm ad1c9bdddf
    https://brainmass.com/business/competitive-advantage/small-business-management-162551

    Solution Preview

    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 Summary

    This answer provides you an excellent discussion on Small Business Management

    $2.19

    ADVERTISEMENT