Starting Your Own Business
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What risks are there when starting your own business?
What obstacles are there to raising capital for a new venture?
Discuss the business plan as a vehicle for raising capital.
Given the difficulties of accurately predicting the future, is a business plan useful?
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This solution discusses starting your own business.
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1. Risks include the ability to get financing and keep financing and cash flow during down times in the economy and sales. There are risks in the economic climate, the viability of the products, and the ability to attract customers. There is also risk in knowledge and ability of the owner and staff to do the jobs that keep the business successful.
2. The obstacles can include, lack of experience, lack of credit, or other ...
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