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Small Business in Australia 2021

Description

Grade 12 Accounting and Finance Mind Map on Small Business in Australia 2021, created by FN Walton on 02/02/2018.
FN Walton
Mind Map by FN Walton, updated more than 1 year ago
FN Walton
Created by FN Walton almost 7 years ago
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Resource summary

Small Business in Australia 2021
  1. 3 Types of Small Business Structures
    1. Sole Trader
      1. Advantages
        1. Disadvantages
        2. Partnership
          1. Advantages
            1. Disadvantages
            2. Small Proprietary Company
              1. Advantages
                1. Disadvantages
              2. 3 Types of Business undertakings
                1. Merchandising
                  1. Service
                    1. Manufacturing
                    2. Sources of Finance
                      1. Internal Sources of Finance
                        1. Friends/Family
                          1. Personal Savings
                            1. Retained Projfits
                              1. Sale of Assets
                              2. External Sources of Finance
                                1. Loans
                                  1. Mortgage
                                    1. Overdraft
                                      1. Bridging Finance
                                        1. Trade Credit
                                          1. Hire Purchase/Lease
                                            1. Venture Capital
                                            2. Definition, Advantages and Disadvantages
                                            3. Factors when Approving Finance
                                              1. Risk 3 C's
                                                1. Collateral
                                                  1. Guarantors
                                                  2. Capacity (Liquidity)
                                                    1. Character (history)
                                                    2. Return
                                                      1. Interest Rate
                                                        1. Future Business
                                                      2. Characteristics of Main Types of Business Ownership
                                                        1. Sole Trader
                                                          1. D
                                                            1. O
                                                              1. C
                                                                1. T
                                                                  1. O
                                                                    1. R
                                                                      1. S
                                                                      2. Partnership
                                                                        1. D
                                                                          1. O
                                                                            1. C
                                                                              1. T
                                                                                1. O
                                                                                  1. R
                                                                                    1. S
                                                                                    2. Small Proprietary Company
                                                                                      1. D
                                                                                        1. O
                                                                                          1. C
                                                                                            1. T
                                                                                              1. O
                                                                                                1. R
                                                                                                  1. S
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