Business Studies Notes on Objectives when starting up.
There are three main objectives to people who start up a business:
- Financial objectives to make money / become rich
When business first start they often focus all their attention to survive and are not too interested in making profit. They are trying to bring in enough money to pay their bills. After more time the business will start to look at their profits when they are more established and the money is building up in the bank.
If the business is set up to make money there are 3 key points to take into consideration:
Ø You need to make sure the product has a high added value, like the Pizza Express chain which…