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3 Cards in this Set
- Front
- Back
- 3rd side (hint)
Reasons to Start a Business
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Growth - capital growth (assets like land), appreciation in value
Earnings - returns > costs Transfer - passing on assets Challenge Autonomy - own boss, independence Security - no risk of dismissal, personal wealth, early retirement Hobbies - passion |
GETCASH
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Problems with Starting a Business
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Lack of Finance
Cash Flow Problems Marketing Problems No established Customer Base Legalities Production Problems Production Cost Poor Location External Influences |
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Three Most Important for Business Success (Starting up)
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Managing Incompetence
Lack of Cash Poor Cost Control |
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