Mind map

Getting Started

mcmullin.mary English

Mind map: getting started in business

Map content

Getting Started

Ownership Structures
- Sole Trader
- Partnership
- Private Ltd Company
- Co-operative
Sources of Finance for Start-up
- Factors to Consider
  - Purpose
  - Amount
  - Cost
  - Collateral
  - Control
- Short Term
  - Bank Overdraft
  - Trade Creditors
  - Accrued Expenses
- Medium Term
  - Leasing
  - Hire Purchase
  - Term Loan
- Long Term
  - Share Capital
  - Debentures
  - Grants
  - Venture Capital
Production Options
- Job
- Batch
- Mass
- Subcontracting/ Outsourcing/licensing
Business Plan
- Purpose
- What, Who, How
- Contents
  - Nature of the Business
  - Who's Involved
    - The Entrepreneurs
    - Ownership Structure
  - How goals will be achieved
    - Production Plan
    - Marketing Plan
    - Financial plan
- Purpose/Uses
  - Sets clear goals
  - Required for grant & loan applications
  - For control purposes

Description: Mind Map on Getting Started, created by mcmullin.mary on 22/10/2014.
Created by: mcmullin.mary
Views: 20
Rating