Getting Started

Getting Started

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

Resource summary

	Created by mcmullin.mary over 10 years ago