Assessing a business start up

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The objectives of a business start up may vary

  • profit
  • satifiscation
  • provides jobs in the local community
  • be their own boss
  • to gain more freedom

The business plan will be good to reflect on the strengths and weaknesses of the start up

Possible issues:

  • what are the objectives SMART
  • can the product/serivce be supplied to make a profiit
  • rasing finance
  • customers needs and wants
  • competition
  • selling strategies
  • who will be involved
  • risks involved

Why start ups

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