The document provides guidance on preparing to launch a new business. It discusses the importance of understanding your financial position by forecasting sales and costs, creating budgets, and calculating runway. Additional topics covered include building a network, creating goals and plans, and getting legal elements in order such as registering the business, obtaining insurance, and drafting terms and conditions. The document concludes with tips on areas like researching the industry, knowing customers, determining value, setting the right price, effective communication strategies, and seeking advice.
This is a BDC presentation and not StartMeUp Ryerson.
The BDC promotes entrepreneurship by providing highly tailored financing, venture capital and consulting services to help companies continue with operations and to promote their success.
This presentation covers a number of issues relevant to starting and running a business, including:
* Starting a business: What you need to know
* Ownership structures: Pros/Cons of each
* Business plan: Your roadmap to success
* Financing your business
* Building a relationship with your bank
* Why businesses fail
Speaker: Ms Veni Iozzo, Vice President, CML Business Development, CIBC
More information: http://www.marsdd.com/Events/Event-Calendar/Ent101/2007/mechanics-business-20071212.html
This is a BDC presentation and not StartMeUp Ryerson.
The BDC promotes entrepreneurship by providing highly tailored financing, venture capital and consulting services to help companies continue with operations and to promote their success.
This presentation covers a number of issues relevant to starting and running a business, including:
* Starting a business: What you need to know
* Ownership structures: Pros/Cons of each
* Business plan: Your roadmap to success
* Financing your business
* Building a relationship with your bank
* Why businesses fail
Speaker: Ms Veni Iozzo, Vice President, CML Business Development, CIBC
More information: http://www.marsdd.com/Events/Event-Calendar/Ent101/2007/mechanics-business-20071212.html
Kleos Africa webinar Babatunde Akin-Moses - Business Valuation SimplifiedGlory Enyinnaya
Value (like beauty) is in the eye of the beholder - and this is never more apparent than when one is evaluating an emerging or established business.''
When introducing your company to potential investors and partners, a significant portion of the conversation typically revolves around the value of the entity and how much it's worth in an arm's length transaction. Without the proper grounding, you stand at a distinct disadvantage when negotiations of this nature arise.
In this webinar, Kleos Africa consultant and Beta Gamma Sigma member Babatunde Akin-Moses will take you through the fundamental principles which every business professional should know about the art and science of valuation.
Babatunde brings to bear his considerable technical expertise as a PwC and KPMG-trained chartered accountant and First Class economist. He will also draw upon his experience as a technology entrepreneur and CEO of Sycamore, a peer-to-peer lending platform that connects lenders to borrowers using technology.
OCR GCSE Business: 1.1 the role of business enterprise PowerPointRevisionstation
The purpose of business activity and enterprise
Spotting an opportunity, developing an idea for a business, satisfying the needs of customers
Written by Sarah Hilton for Revisionstation
Characteristics of an entrepreneur
Creativity, risk taking, determination and confidence
The concept of risk and reward
Bootstrap Business Seminar 8: Making sense of the numbersCityStarters
City University London's nine week seminar series covering everything you need to know about starting up a business. This week we have Emma Northcott from Crowdcube exploring funding, from seed to VC.
Basic business advice for those converting part time gigs into "real" business ventures. Slides are a little wordier than usual; the Podcamp Philly Version will be a little more streamlined.
Greater Phoenix SCORE presentation on what you need to do when you are starting your own business. What entrepreneurs need to know about small business start-ups.
Practical entrepreneurship training part 4 Financing the businesskieranm01
This is part 4 of a 4-part workshop series that focuses on providing practical guidance to first-time entrepreneurs. In this final part the emphasis is on handling the financial side of a start-up focusing on both raising investment and working effectively with a bank partner.
Y Combinator Startup Class #18 : Legal and accounting basics for startupsFabien Grenet
Slide utilisé dans le cours n°18 de la Y Combinator Startup Class de Standford (http://startupclass.samaltman.com/) donné par Ben Horowitz
Publiée sur slideshare pour pouvoir être intégrée à l'article http://startupeers.co/y-combinator-startup-class-15-how-to-manage/
When running a business, it’s important to regularly keep track of how your business is going. As a business owner, there are a variety of financial reports and statements you can use to track your business.
Kleos Africa webinar Babatunde Akin-Moses - Business Valuation SimplifiedGlory Enyinnaya
Value (like beauty) is in the eye of the beholder - and this is never more apparent than when one is evaluating an emerging or established business.''
When introducing your company to potential investors and partners, a significant portion of the conversation typically revolves around the value of the entity and how much it's worth in an arm's length transaction. Without the proper grounding, you stand at a distinct disadvantage when negotiations of this nature arise.
In this webinar, Kleos Africa consultant and Beta Gamma Sigma member Babatunde Akin-Moses will take you through the fundamental principles which every business professional should know about the art and science of valuation.
Babatunde brings to bear his considerable technical expertise as a PwC and KPMG-trained chartered accountant and First Class economist. He will also draw upon his experience as a technology entrepreneur and CEO of Sycamore, a peer-to-peer lending platform that connects lenders to borrowers using technology.
OCR GCSE Business: 1.1 the role of business enterprise PowerPointRevisionstation
The purpose of business activity and enterprise
Spotting an opportunity, developing an idea for a business, satisfying the needs of customers
Written by Sarah Hilton for Revisionstation
Characteristics of an entrepreneur
Creativity, risk taking, determination and confidence
The concept of risk and reward
Bootstrap Business Seminar 8: Making sense of the numbersCityStarters
City University London's nine week seminar series covering everything you need to know about starting up a business. This week we have Emma Northcott from Crowdcube exploring funding, from seed to VC.
Basic business advice for those converting part time gigs into "real" business ventures. Slides are a little wordier than usual; the Podcamp Philly Version will be a little more streamlined.
Greater Phoenix SCORE presentation on what you need to do when you are starting your own business. What entrepreneurs need to know about small business start-ups.
Practical entrepreneurship training part 4 Financing the businesskieranm01
This is part 4 of a 4-part workshop series that focuses on providing practical guidance to first-time entrepreneurs. In this final part the emphasis is on handling the financial side of a start-up focusing on both raising investment and working effectively with a bank partner.
Y Combinator Startup Class #18 : Legal and accounting basics for startupsFabien Grenet
Slide utilisé dans le cours n°18 de la Y Combinator Startup Class de Standford (http://startupclass.samaltman.com/) donné par Ben Horowitz
Publiée sur slideshare pour pouvoir être intégrée à l'article http://startupeers.co/y-combinator-startup-class-15-how-to-manage/
When running a business, it’s important to regularly keep track of how your business is going. As a business owner, there are a variety of financial reports and statements you can use to track your business.
Workshop for Eindhoven Startups Foundation about the financial plan; from business idea to financial plan.
Questions? Contact me by:
Phone: +31 (0)40 244 42 88
Email: info@dewert.nl
Twitter: @jurgenvdsande
In this 1 hour webinar hosted by BizCentral USA, we discuss the ways to use and update your business plan to be most effective for your small business! For more information on business plans, please visit: http://bizcentralusa.com/businessplan.php
Designed for a Small Business Startup, this article/tool will help simplify the process for you. Don't skip this step - succeeding in your business means knowing how and where you are going!
Changing Behaviours For Better Performance GuideDotYou
A collection of presentation materials on a theme of Changing Behaviours for Better Performance, exhibited by GuideDotYou Change Solutions at Castleford Enterprise Show on 11th April 2014.
Includes content on Wakefield Business Programme and Me; Organisational Health Diagnostics; Better Financial Decision Making; Nine Reasons Businesses Fail; Business is a Career Option for Young People; Can You Support The National Enterprise Challenge?; Improving Your Sales; Change Management Isn't Easy - Here Are Some Things To Help
Key business activities you need to consider before starting up. Different types of company, opening a business bank account, how to name your business to name a few
Personal Brand Statement:
As an Army veteran dedicated to lifelong learning, I bring a disciplined, strategic mindset to my pursuits. I am constantly expanding my knowledge to innovate and lead effectively. My journey is driven by a commitment to excellence, and to make a meaningful impact in the world.
What is the TDS Return Filing Due Date for FY 2024-25.pdfseoforlegalpillers
It is crucial for the taxpayers to understand about the TDS Return Filing Due Date, so that they can fulfill your TDS obligations efficiently. Taxpayers can avoid penalties by sticking to the deadlines and by accurate filing of TDS. Timely filing of TDS will make sure about the availability of tax credits. You can also seek the professional guidance of experts like Legal Pillers for timely filing of the TDS Return.
As a business owner in Delaware, staying on top of your tax obligations is paramount, especially with the annual deadline for Delaware Franchise Tax looming on March 1. One such obligation is the annual Delaware Franchise Tax, which serves as a crucial requirement for maintaining your company’s legal standing within the state. While the prospect of handling tax matters may seem daunting, rest assured that the process can be straightforward with the right guidance. In this comprehensive guide, we’ll walk you through the steps of filing your Delaware Franchise Tax and provide insights to help you navigate the process effectively.
Enterprise Excellence is Inclusive Excellence.pdfKaiNexus
Enterprise excellence and inclusive excellence are closely linked, and real-world challenges have shown that both are essential to the success of any organization. To achieve enterprise excellence, organizations must focus on improving their operations and processes while creating an inclusive environment that engages everyone. In this interactive session, the facilitator will highlight commonly established business practices and how they limit our ability to engage everyone every day. More importantly, though, participants will likely gain increased awareness of what we can do differently to maximize enterprise excellence through deliberate inclusion.
What is Enterprise Excellence?
Enterprise Excellence is a holistic approach that's aimed at achieving world-class performance across all aspects of the organization.
What might I learn?
A way to engage all in creating Inclusive Excellence. Lessons from the US military and their parallels to the story of Harry Potter. How belt systems and CI teams can destroy inclusive practices. How leadership language invites people to the party. There are three things leaders can do to engage everyone every day: maximizing psychological safety to create environments where folks learn, contribute, and challenge the status quo.
Who might benefit? Anyone and everyone leading folks from the shop floor to top floor.
Dr. William Harvey is a seasoned Operations Leader with extensive experience in chemical processing, manufacturing, and operations management. At Michelman, he currently oversees multiple sites, leading teams in strategic planning and coaching/practicing continuous improvement. William is set to start his eighth year of teaching at the University of Cincinnati where he teaches marketing, finance, and management. William holds various certifications in change management, quality, leadership, operational excellence, team building, and DiSC, among others.
Memorandum Of Association Constitution of Company.pptseri bangash
www.seribangash.com
A Memorandum of Association (MOA) is a legal document that outlines the fundamental principles and objectives upon which a company operates. It serves as the company's charter or constitution and defines the scope of its activities. Here's a detailed note on the MOA:
Contents of Memorandum of Association:
Name Clause: This clause states the name of the company, which should end with words like "Limited" or "Ltd." for a public limited company and "Private Limited" or "Pvt. Ltd." for a private limited company.
https://seribangash.com/article-of-association-is-legal-doc-of-company/
Registered Office Clause: It specifies the location where the company's registered office is situated. This office is where all official communications and notices are sent.
Objective Clause: This clause delineates the main objectives for which the company is formed. It's important to define these objectives clearly, as the company cannot undertake activities beyond those mentioned in this clause.
www.seribangash.com
Liability Clause: It outlines the extent of liability of the company's members. In the case of companies limited by shares, the liability of members is limited to the amount unpaid on their shares. For companies limited by guarantee, members' liability is limited to the amount they undertake to contribute if the company is wound up.
https://seribangash.com/promotors-is-person-conceived-formation-company/
Capital Clause: This clause specifies the authorized capital of the company, i.e., the maximum amount of share capital the company is authorized to issue. It also mentions the division of this capital into shares and their respective nominal value.
Association Clause: It simply states that the subscribers wish to form a company and agree to become members of it, in accordance with the terms of the MOA.
Importance of Memorandum of Association:
Legal Requirement: The MOA is a legal requirement for the formation of a company. It must be filed with the Registrar of Companies during the incorporation process.
Constitutional Document: It serves as the company's constitutional document, defining its scope, powers, and limitations.
Protection of Members: It protects the interests of the company's members by clearly defining the objectives and limiting their liability.
External Communication: It provides clarity to external parties, such as investors, creditors, and regulatory authorities, regarding the company's objectives and powers.
https://seribangash.com/difference-public-and-private-company-law/
Binding Authority: The company and its members are bound by the provisions of the MOA. Any action taken beyond its scope may be considered ultra vires (beyond the powers) of the company and therefore void.
Amendment of MOA:
While the MOA lays down the company's fundamental principles, it is not entirely immutable. It can be amended, but only under specific circumstances and in compliance with legal procedures. Amendments typically require shareholder
Premium MEAN Stack Development Solutions for Modern BusinessesSynapseIndia
Stay ahead of the curve with our premium MEAN Stack Development Solutions. Our expert developers utilize MongoDB, Express.js, AngularJS, and Node.js to create modern and responsive web applications. Trust us for cutting-edge solutions that drive your business growth and success.
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RMD24 | Debunking the non-endemic revenue myth Marvin Vacquier Droop | First ...BBPMedia1
Marvin neemt je in deze presentatie mee in de voordelen van non-endemic advertising op retail media netwerken. Hij brengt ook de uitdagingen in beeld die de markt op dit moment heeft op het gebied van retail media voor niet-leveranciers.
Retail media wordt gezien als het nieuwe advertising-medium en ook mediabureaus richten massaal retail media-afdelingen op. Merken die niet in de betreffende winkel liggen staan ook nog niet in de rij om op de retail media netwerken te adverteren. Marvin belicht de uitdagingen die er zijn om echt aansluiting te vinden op die markt van non-endemic advertising.
India Orthopedic Devices Market: Unlocking Growth Secrets, Trends and Develop...Kumar Satyam
According to TechSci Research report, “India Orthopedic Devices Market -Industry Size, Share, Trends, Competition Forecast & Opportunities, 2030”, the India Orthopedic Devices Market stood at USD 1,280.54 Million in 2024 and is anticipated to grow with a CAGR of 7.84% in the forecast period, 2026-2030F. The India Orthopedic Devices Market is being driven by several factors. The most prominent ones include an increase in the elderly population, who are more prone to orthopedic conditions such as osteoporosis and arthritis. Moreover, the rise in sports injuries and road accidents are also contributing to the demand for orthopedic devices. Advances in technology and the introduction of innovative implants and prosthetics have further propelled the market growth. Additionally, government initiatives aimed at improving healthcare infrastructure and the increasing prevalence of lifestyle diseases have led to an upward trend in orthopedic surgeries, thereby fueling the market demand for these devices.
Remote sensing and monitoring are changing the mining industry for the better. These are providing innovative solutions to long-standing challenges. Those related to exploration, extraction, and overall environmental management by mining technology companies Odisha. These technologies make use of satellite imaging, aerial photography and sensors to collect data that might be inaccessible or from hazardous locations. With the use of this technology, mining operations are becoming increasingly efficient. Let us gain more insight into the key aspects associated with remote sensing and monitoring when it comes to mining.
What are the main advantages of using HR recruiter services.pdfHumanResourceDimensi1
HR recruiter services offer top talents to companies according to their specific needs. They handle all recruitment tasks from job posting to onboarding and help companies concentrate on their business growth. With their expertise and years of experience, they streamline the hiring process and save time and resources for the company.
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2. Today’s topics
• Understanding your financial position
• Build your network
• Create a plan and some goals
• Get the legal elements in order
• Building a team to support
3. Financial position
• Have you
− Forecasted your sales?
− Forecasted your costs?
− Created a personal survival budget?
− Created a cashflow forecast?
− Calculated how long you have to make a success of it?
4. Sales forecast
MONTH SALES a SALES
b
SALES
c
TOTAL
MONTH
MONTH CUMULATIVE
MONTHLY
1
2
3
4
5
6
7
8
9
10
11
12
YEAR
5. Understanding your costs
Direct Costs
• An expense that can be traced directly to a
process or product.
• Direct costs (such as for labour and materials)
vary with the rate of output but are uniform for
each unit of production
Indirect Costs
• Indirect costs are costs that are not directly
accountable to a cost object.
• Indirect costs include administration, personnel
and security costs.
• These are those costs which are not directly
related to production.
• Also called overheads and fixed costs.
6. Cashflow
−Working out your “burn
rate”
−Money in versus money
out per month
−What is your net outgoing
per month until you start
to make a profit?
7. Cashflow
Month 1 Month 2 Month 3 Month 4 Month 5 Month 6 Month 7 Month 8 Month 9 Month 10 Month 11 Month 12
Income
Sales a
Sales b
Total Income £0.00 £0.00 £0.00 £0.00 £0.00 £0.00 £0.00 £0.00 £0.00 £0.00 £0.00 £0.00
Expenditure
Materials
Subcontract Charges
Packaging and Carriage
Wages
Business Rent
Business Rates
Water Rates
Light / Heat / Power
Repairs and Renewals
Business Insurance
Travel and Vehicle costs
Printing and Stationery
Marketing
Professional Fees
General Expenditure
Total Expenditure £0.00 £0.00 £0.00 £0.00 £0.00 £0.00 £0.00 £0.00 £0.00 £0.00 £0.00 £0.00
Monthly net inflow / outflow £0.00 £0.00 £0.00 £0.00 £0.00 £0.00 £0.00 £0.00 £0.00 £0.00 £0.00 £0.00
Cumulative monthly flow £0.00 £0.00 £0.00 £0.00 £0.00 £0.00 £0.00 £0.00 £0.00 £0.00 £0.00 £0.00
8. Personal survival budget
Personal survival Budget £
Mortgage / Rent
Council Tax
Utilities
Insurance
Car costs (insurance / tax)
Food
Entertainment
Estimated Income (partner / job /
other)
Savings
9. Runway
Net burn rate
£2500
Monthly out goings
Personal costs + business burn
rate
£1000 + £2000 = £3000
Monthly income
Personal income
£500
Net burn rate / Savings = Runway
£2500 / £10,000 = 4 months
Therefore have 4 months minimum before the business
needs to generate at least £2500 in sales per month
11. Revenue streams
• Can we get customers to pay a
specific price for our value
propositions?
• Can we generate sufficient revenue?
Profit
• Can we generate more revenues
than costs in order to make a profit?
Cost structure
• Can we manage our costs and keep
them under control?
Is it viable?
14. Who do you think….
• Has the most pain?
• Has the shortest sales cycle?
• Has the budget?
• Has the authority?
• Write a few bullet points about them
15. Early adopter persona
Name:
Persona description:
Age, Gender, Marital status, location, education,
hobbies, leisure time
Gains:
To what extent do current products
make them happy?
Pains:
What causes bad feeling in the
customer with the current products?
Jobs to be done?
What tasks are supported by the
product?
What are the goals?
Use cases
How is the product used? Where is it
used and when is it used?
What happens before and after use?
How does the customer obtain
information?
What influences a purchase decision?
17. Inside Referral
Who is in your existing network could
meet the criteria of an early adopter?
• Has the problem
• Has the desire to solve it
• Has the budget to pay for it etc
18. Inside referral
One key tip for any start up is to ensure that you have a ready made network for your idea.
So before you start your business build your network
− Use social media – LinkedIn
− Attend events
− Attend networking
21. Tips for encouraging referrals
• Give great customer service – delight your customers
• Encourage social media sharing after a purchase
• Create case studies and use testimonials
• Offer incentives
• Place a referral card inside their order
22. How will you approach them?
• Phone
• Email
• Networking
• Event
• Social media
• You decide………
• But try as many as you can
23. What do we approach them with?
Problem Answer Credibility Evidence
Next
steps
24. Prospect Pain
/ Capability
Gap
Many companies are trying to grow and are experiencing
difficulties with lack of finance, ability to innovate or the internal
capacity to deliver
What’s my
role
My role is to help companies to overcome these barriers by
providing the support they need either in the form of workshops or
one to one coaching
Why it’s
unique
What’s different about this is we work with a wide variety of high
quality coaches with a number of different specialisms
26. What do you want from your business?
Where
are you
now?
Where do
you want
to go?
How are
you going
to get
there
27. Prosper Planning
• What’s your one wildly important goal?
• What are the individual objectives to achieving this?
− Perhaps per “department”
• What are the actions to achieving each objective?
• What are the measures of success?
32. Longer term planning
• How are you going to grow?
• Typically 4 areas available
− Geographic expansion
− New products / features
− New technology
− New customer segments
33. What does your road map look like?
• Can you create a development timeline for your business
in year 1?
• What are your key achievement milestones?
35. What does your long term strategy look like?
• Can you create a development timeline for your business beyond year 1?
• What are your achievement milestones?
− Think about
−New tech
−New features
−New markets
−New locations
37. Insurance
• Public liability
• Employers liability
• Product liability
• Professional Indemnity
• Sickness or injury
• Contents insurance
38. Business structures – have you registered?
• Sole trader, freelance or self employed
• Partnership
• Limited company
• Franchise
• Social enterprise
39. Banking – do I need a separate account?
• Some small businesses don't like to open a separate bank account because of the charges.
• If you don't have a dedicated bank account for your business, there is much more risk of confusion
and your bookkeeping will take longer because there will be more transactions to account for –
many of which will be irrelevant to your business.
• Banks often give you a good deal when you start up
• If HM Revenue & Customs investigates your business, you will be giving them access to your
personal as well as your business income when they look at the bank statements if you mix
everything up in a private account.
• It also means that whoever is preparing your accounts and tax returns will see details of your
personal/private spending
• If you operate as a limited company – although there is no specific legal requirement – you are
strongly advised to open a separate bank account for the company.
40. Naming
• Choosing a name for your business can be tough, but it can be approached methodically. There are
five main types of company name:
• Descriptive (Premier Sandwiches)
• Owner-named (Dave's Sandwiches)
• Multiple owner-named (Johnson Hobson Wilson Potato Peeler)
• Pointless initials (DS Ltd.)
• Irrelevant but memorable (Orange, as in the mobile phone company)
• You MUST check to see if the name you would like to use is being used by another business already
• You can check via Companies House or simply search for the name on the internet.
41. What are Terms and Conditions?
General and special
arrangements, provisions,
requirements, rules,
specifications, and standards
that form an integral part of
an agreement or contract.
42. What are Terms and Conditions?
Terms and conditions are
vital to your business as they
set out responsibilities that
relate to you and your
customers.
43. Why use them?
They protect you as a buyer
or seller and they protect
your rights
44. What should they cover?
• Specifying when payment will be due, what interest will be due on late payments, and so on.
• Making sure you can recover as many of the collection and litigation costs as possible, if you aren’t paid.
• Limiting your liability if you are unable to supply the goods.
• Explaining what will happen if only part of an order is delivered, or if a delivery contains faulty products.
• Stating that you retain ownership of goods until payment has been received.
• Intellectual property ownership
• Termination clause
• Privacy statement
• Acknowledgement
• Method to resolve problems
45. Where should they be displayed?
• A supplier should make express references to its standard terms and conditions:
− In catalogues, brochures or other similar documents
− On quotations
− On purchase order forms
− On any acknowledgement or confirmation of purchase
− On delivery notes
− On invoices
52. Tip 1 – Research – Research - Research
Wider world
Industry
Competition
Customers
53. Tip 2 – Plan
Where are
you now?
Where do
you want
to go?
How are
you going
to get
there
54. Tip 3 – Knowing your customers
Customers (potential customers)
• Who are they?
• What are they prepared to pay?
• What do they like about your product?
• What do they dislike?
• How frequently will they buy
When carrying out potential
customer research its important to
first identify who your potential
customers might be. Don’t waste
your time asking people their
views on products or services that
they will not buy.
56. Augmented
Product
Total Product
Core Product
For Example
• Guarantee
For Example
• Packaging
• After sales service
• Environment
For Example
• Car
• Training Services
• Graphic Design
services
Benefit
Building
Tip 5 – Getting your product / service right
57. Tip 6 – Set the right price
Competition Marketing
Cost
Pricing
methods
58. Tip 7 – Know the right way to communicate
Publicity
Direct Marketing
Personal
selling
Advertising
Sales Promotion
Internet/websit
e
Online marketing
Face to face
(Trade shows)
Complete sheet 7 of the handout – 10 mins exercise
The process of an ideal pitch with an example. This is what we have been striving for throughout the session a process from
Pain through to role through to uniqueness
The typical business structures in the UK. Need to emphasise UK here as other countries have different models and structures
We will discuss each in turn
Some other tips
Shop around and see what each bank are offering as a free banking period as a start-up. Typically these days around 18 months free banking
Shop around and ensure you set up the right account – look at ways in which you will be getting income – will it be cash or electronic transfer? Will you need international banking or a merchant bank account (the ability to take visa payments)
Shop around – what is the availability of the bank manager like? Is it difficult to get an appointment – will you need them?
Sometimes it pays to use the bank you have your personal account with as they already know you.
If you wish to portray a solid but unremarkable image, the descriptive approach may be justified. However, it is worth noting that inventive branding has permeated almost every product category these days, so you should be as brave as you can be.
The second option (ie owner-named) may be relevant if you have a reputation from a past life and it will be helpful for past clients to know that it's your business. In the case of Dave's Sandwiches, this is unlikely, but if you are a prominent expert in a specific field, it may be relevant.
Multiple owner-named business names are unwieldy and hard to remember. As a start-up this is unlikely to be an issue, but if you are going into business with several partners consider the pitfalls of choosing a long-winded name just to satisfy the founding partners' egos. It may not benefit the business, so resist this route if possible because it usually just leads to hoots of derision.
Option four, pointless initials, is also highly undesirable. A quick glance at the phone book reveals thousands of these acronyms. Initials say nothing about you and are unremarkable, so resist using them.
The last option, irrelevant but memorable, can be fun if done well. For example, if you work in a fairly dry sector, the use of a fun, lively name might make your business more memorable. All of this is of course a matter or personal taste, but usually it really is worth dreaming up a distinctive, memorable name for your business.
when trading internationally might want to check the name doesn't have negative connotations in the country where you are considering trading. All if using acronyms / initials check Theydon't spell out something that can negatively impact business.