Chapter 14 - Getting started
This chapter looks at how a Business can get started from selecting the ownership structure to writing a business plan
Learning Intentions
1. What are the main ownership options for a business start up
2. What factors should an entrepreneur consider when choosing a source of Finance
3. What are the main source of finance for a new enterprise
4. What are the main production options for a new enterprise
5. What is sub contracting/ outsourcing
6. What is a business plan
7. What information does a business plan contain
Syllabus
This section links with the syllabus under the following sections
5.5.4 - Identify and explain the elements involved in anew business start up
5.5.5 - Explain the stages involved in setting up a new business
5.5.8 - List the main sources of finance available for business start up
5.5.9 - Identify the elements of production processes
5.5.10 - Illustrate the central role of the business plan
5.5.16 - Apply the main sources of fiance available for business start up (HL)
Learning Intentions
1. What are the main ownership options for a business start up
2. What factors should an entrepreneur consider when choosing a source of Finance
3. What are the main source of finance for a new enterprise
4. What are the main production options for a new enterprise
5. What is sub contracting/ outsourcing
6. What is a business plan
7. What information does a business plan contain
Syllabus
This section links with the syllabus under the following sections
5.5.4 - Identify and explain the elements involved in anew business start up
5.5.5 - Explain the stages involved in setting up a new business
5.5.8 - List the main sources of finance available for business start up
5.5.9 - Identify the elements of production processes
5.5.10 - Illustrate the central role of the business plan
5.5.16 - Apply the main sources of fiance available for business start up (HL)