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Topic 6 Starting A New Entrepreneurial Venture
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Topic 6 Starting A New Entrepreneurial Venture

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    Topic 6 Starting A New Entrepreneurial Venture Topic 6 Starting A New Entrepreneurial Venture Presentation Transcript

    • TOPIC 6 Starting a new entrepreneurial venture
      • This topic discuss about types of ventures that the entrepreneur can start the legal structures for new business ventures and sources of capital for entrepreneurs
    • 6.1 Types of ventures
      • Ventures
        • Start-up
        • Buying an existing business
        • Franchising
    • 6.2 Start-up
      • Definition of start-up
        • “ Start from scratch”
      • Phases in start-up
        • Prestart-up phase
        • Start-up phase
        • Post start-up phase
      • Advantages & Disadvantages of start-up
        • Refer to page 68
    • 6.3 Buying an existing business
      • Definition of buying an existing business
        • Buying a business that is currently running
      • Steps and processes in buying an existing business
        • Personal priority
        • Business opportunity
        • Reviewing potential target
        • Arrangement of financing
        • Conduct due diligence
        • The formal agreement
        • Ready for business
    • 6.3 Buying an existing business (cont)
      • Advantages of buying an existing business
        • Refer to page 72
      • Disadvantages of buying an existing business
        • Refer to page 73
    • 6.4 Franchising
      • Definition of franchising
        • “…any arrangement in which the owner of trademark, trade name or copyright has licensed others to use it and sell its goods or services”
      • Advantages:-
        • Training and guidance
        • Brand name appeal
        • Proven track record
        • Financial assistance
    • 6.4 Franchising (cont)
      • Disadvantages:-
        • Franchise fee
        • Franchisor control
        • Unfulfilled promise
    • 6.5 Legal structures for new business ventures
      • Sole proprietorship
      • Partnership
      • Corporation
      • Private corporation
    • 6.6 Sources of capital for entrepreneurial activities
      • Personal funds
      • Family and friends
      • Retirement accounts
      • Banks and other financial institutions
      • Government loans
      • Stock market
    • THE END