Getting Started

Description

Mind Map on Getting Started, created by mcmullin.mary on 22/10/2014.
mcmullin.mary
Mind Map by mcmullin.mary, updated more than 1 year ago
mcmullin.mary
Created by mcmullin.mary over 10 years ago
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Resource summary

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