Starting up a business

OPTIONS
1. Start small, Stay small
  1. Limited Funds
  2. Objective to grow
  3. Own franchise
  4. Chain of Bakeries
2. Start small and grow
  1. Earn a personal income
  2. hairdresser
  3. childcare business
  4. Home mechanic
3. Start big, Grow bigger
  1. Advanced Funds
  2. Team of partners
  3. Pick n Pay
  4. Ackermans
  5. Investors
4. Buying an existing business
5. Buying into a fanchise
  1. Spur
  2. Mac Donalds
  3. Steers
Different Business Sectors
1. Secondary
  1. Brewery
  2. Bread Factory
  3. Jewel Maker
2. Primary
  1. Farmers
  2. Miners
  3. Fishermen
3. Tertiary
  1. Transport
  2. Retailers
  3. Wholesalers
Start-up Process
1. Identify Opportunity
  1. Evaluate feasability
    1. Determine viability
      1. Develop a plan
        Establish the business
      2. Will there be profit? how big is the market?
    2. Is there a need or not?
CALCULLATIONS
1. Break Even point
  1. PRODUCTS = FIXED COSTS / (SELLING PRICE - VARIABLE COSTS)
2. Expected net profit
  1. EXPECTED PROFIT = TOTAL EXPECTED INCOME - TOTAL EXPECTED EXPENSES
Business Plan Functions
1. Inform investors and financiers
2. Raise funds
3. Guide management
4. Define goals and strategies
5. Elements of a Business Plan
  1. Cover Letter
    1. Who is the plan addressed to ?
      1. Email
      2. Full name
      3. Address
      4. Contact Info
      5. Title
      6. Business nam
  2. Description
    1. what the business does, and its business sector
  3. Table of contents
  4. Executive Summary
    1. 2 or 3 page summary
  5. Vision, Mission, Goals and objectives
  6. Management team
    1. Type of ownership
    2. Share Breakdown
    3. Specify pay
    4. other benifits
1. MICRO ENVIRONMENT
2. MAKRO ENVIRONMENT
TYPES OF BUSINESS OWNERSHIP
1. Private Company
2. Closed Corp
3. Sole Proprietorship
4. Partnership
5. Public Company

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Starting up a business

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