Welcome to disscusion of group 8
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Welcome to disscusion of group 8
Teacher :
Class: 1634ENTH1611
Topic:
Benefits and challenges of a start-up (a new business)
● Opening
● Main body
◦ Benefits of a new business
◦ Challenges of a new
business
◦ Slove the challenges
● Conclusion
Have you ever thought about starting your own business?
Freedom
BENEFITS
Business
More
Control
Income
Do What You
Salary
Enjoy
Potential
Freedom
One of the greatest advantages of starting a new
business is the freedom that comes with being
your own boss
Being your own boss also means that you can
enjoy greater job security knowing than no one
can lay you off.
More Income
Some new business owners see self-employment as the door to financial freedom. As a company employee,
your income is limited by a set salary. Raises and promotions are only at the discretion of your supervisor.
Do What You Enjoy
Owning a company gives you the
opportunity to work in a field you enjoy.
Working in an industry you’re passionate about
helps you better handle down times in your
business.
s
y
it
su
is
al
g
Le
Id
Fa
n
:
tio
er
ca
m
lo
to
ss
us
ne
C
si
management
Executive management:
es
cil
Issues of human resources
:
ea
bu
e,
m
na
’s
ny
pa
m
co
e
th
ng:
keti
mar
Plan
Challenges
Other legal procedures:
Ideas
Executive management:
You manage with diodes not? Pumper good? You staff has worked hard not? Have
not creative? Effective work?...If you do not or cannot do long costhowif, go rent.
Customer:
The last difficulty is also difficult to decide
the success or failure of the enterprise is
key is finding customers
So you have to maintain operational
apparatus of company before thinking
breakout strategy for medium and long
term strategy.
Maketing Plan:
Applying marketing mix 4P:
product, price, place, promotion;
search and learning strategies of
the successful competitors;
outlines the criteria to evaluate
the readiness of their…
Solve the challenges
◦Difficulties in facilities
Facilities include offices, factories, equipment needed. It requires you to have the
infrastructure capital firmly
in order to operate the business
in the best way .
◦The idea and the
business plan
◦The idea and the
business plan
◦Human Resources
Thank
you
coming
to
our
presentation!!
