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8560016
Starting up a business
Descrição
Business/Economics (BMA1A01) Mapa Mental sobre Starting up a business, criado por Tyron du Plooy em 17-04-2017.
Sem etiquetas
business/economics
bma1a01
Mapa Mental por
Tyron du Plooy
, atualizado more than 1 year ago
Mais
Menos
Criado por
Tyron du Plooy
mais de 7 anos atrás
10
1
0
Resumo de Recurso
Starting up a business
OPTIONS
Start small, Stay small
Limited Funds
Objective to grow
Own franchise
Chain of Bakeries
Start small and grow
Earn a personal income
hairdresser
childcare business
Home mechanic
Start big, Grow bigger
Advanced Funds
Team of partners
Pick n Pay
Ackermans
Investors
Buying an existing business
Buying into a fanchise
Spur
Mac Donalds
Steers
Different Business Sectors
Secondary
Brewery
Bread Factory
Jewel Maker
Primary
Farmers
Miners
Fishermen
Tertiary
Transport
Retailers
Wholesalers
Start-up Process
Identify Opportunity
Evaluate feasability
Determine viability
Develop a plan
Establish the business
Will there be profit? how big is the market?
Is there a need or not?
CALCULLATIONS
Break Even point
PRODUCTS = FIXED COSTS / (SELLING PRICE - VARIABLE COSTS)
Expected net profit
EXPECTED PROFIT = TOTAL EXPECTED INCOME - TOTAL EXPECTED EXPENSES
Business Plan Functions
Inform investors and financiers
Raise funds
Guide management
Define goals and strategies
Elements of a Business Plan
Cover Letter
Who is the plan addressed to ?
Email
Full name
Address
Contact Info
Title
Business nam
Description
what the business does, and its business sector
Table of contents
Executive Summary
2 or 3 page summary
Vision, Mission, Goals and objectives
Management team
Type of ownership
Share Breakdown
Specify pay
other benifits
MICRO ENVIRONMENT
MAKRO ENVIRONMENT
TYPES OF BUSINESS OWNERSHIP
Private Company
Closed Corp
Sole Proprietorship
Partnership
Public Company
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