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Mind map

Small Business in Australia 2021

FN Walton Accounting and Finance Grade 12 English 5.0Average rating 5.0 out of 5 (1 rating)

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Small Business in Australia 2021

3 Types of Small Business Structures
- Sole Trader
  - Advantages
  - Disadvantages
- Partnership
  - Advantages
  - Disadvantages
- Small Proprietary Company
  - Advantages
  - Disadvantages
3 Types of Business undertakings
- Merchandising
- Service
- Manufacturing
Sources of Finance
- Internal Sources of Finance
  - Friends/Family
  - Personal Savings
  - Retained Projfits
  - Sale of Assets
- External Sources of Finance
  - Loans
  - Mortgage
  - Overdraft
  - Bridging Finance
  - Trade Credit
  - Hire Purchase/Lease
  - Venture Capital
- Definition, Advantages and Disadvantages
Factors when Approving Finance
- Risk 3 C's
  - Collateral
    - Guarantors
  - Capacity (Liquidity)
  - Character (history)
- Return
  - Interest Rate
  - Future Business
Characteristics of Main Types of Business Ownership
- Sole Trader
  - D
  - O
  - C
  - T
  - O
  - R
  - S
- Partnership
  - D
  - O
  - C
  - T
  - O
  - R
  - S
- Small Proprietary Company
  - D
  - O
  - C
  - T
  - O
  - R
  - S

Information

Description: Grade 12 Accounting and Finance Mind Map on Small Business in Australia 2021, created by FN Walton on 02/02/2018.
Created by: FN Walton
Views: 33
Rating: Average rating 5.0 out of 5 (1 rating)