AS group Small business start up by Melanie Rothwell https://padlet.com/rothwe1m/hh0ks8epyiqu Introduction to small business start up - statistics and risks en-us 2017-06-29 12:40:47 UTC 2024-01-16 15:06:36 UTC hello@padlet.com https://padlet-assets.s3.amazonaws.com/icons/Condos.png What are the benefits of starting a small business? rothwe1m https://padlet.com/rothwe1m/hh0ks8epyiqu/wish/177737589 List as many as you can here ]]> 2017-06-29 12:40:47 UTC https://padlet.com/rothwe1m/hh0ks8epyiqu/wish/177737589 What are the most likely reasons for small business failure? rothwe1m https://padlet.com/rothwe1m/hh0ks8epyiqu/wish/177737591 2017-06-29 12:40:47 UTC https://padlet.com/rothwe1m/hh0ks8epyiqu/wish/177737591 Risks rothwe1m https://padlet.com/rothwe1m/hh0ks8epyiqu/wish/177737592 What are the risks involved of starting a small business ?]]> 2017-06-29 12:40:47 UTC https://padlet.com/rothwe1m/hh0ks8epyiqu/wish/177737592 Introduction to small business start up rothwe1m https://padlet.com/rothwe1m/hh0ks8epyiqu/wish/177738509 Staring a small business can be very rewarding and lucrative, however, it is not withour problems and risks. ]]> 2017-06-29 12:51:35 UTC https://padlet.com/rothwe1m/hh0ks8epyiqu/wish/177738509 rothwe1m https://padlet.com/rothwe1m/hh0ks8epyiqu/wish/177745267 2017-06-29 14:05:07 UTC https://padlet.com/rothwe1m/hh0ks8epyiqu/wish/177745267 Class handout rothwe1m https://padlet.com/rothwe1m/hh0ks8epyiqu/wish/178180017 2017-07-06 10:05:51 UTC https://padlet.com/rothwe1m/hh0ks8epyiqu/wish/178180017 rothwe1m https://padlet.com/rothwe1m/hh0ks8epyiqu/wish/240758912 2018-03-12 10:10:23 UTC https://padlet.com/rothwe1m/hh0ks8epyiqu/wish/240758912 Risks https://padlet.com/rothwe1m/hh0ks8epyiqu/wish/240775478 (Antonia)

~ is there demand in the market for the product(s) or service(s) you want to provide? or are you going to lose everything?
~ how and where is the best place for selling your product? Is there availability in this area for you to put yourself in?
~ are you going to make it through the loss stage of the business opening? 
~ are you going to be stuck with loans you can't repay? 
~ do you have someone you can trust to share the stress and offer advice?
~ have you completely thought through your business plan? 
~ do you have staff ready to start? 
~ can you pay the staff? are the staff reliant, competent, and trustworthy? are they going to cause damage your reputation and customer income/loyalty/sales?
~ are you using up all of your savings?
~ do you have other businesses in your name? are you going to damage your reputation? 
~ are you up to date on the laws related to your business? are your health and safety regulations up to date? can you be shut down because of these things? ]]> 2018-03-12 11:01:53 UTC https://padlet.com/rothwe1m/hh0ks8epyiqu/wish/240775478 Benji https://padlet.com/rothwe1m/hh0ks8epyiqu/wish/240776183 There are many benefits of starting your own small business as you can have as many breaks as you want. You can start your own business ]]> 2018-03-12 11:04:27 UTC https://padlet.com/rothwe1m/hh0ks8epyiqu/wish/240776183 RISKS https://padlet.com/rothwe1m/hh0ks8epyiqu/wish/240777329  
Legal Risks

Any capable entrepreneur starts out knowing the laws controlling his business. Trouble is, laws can change. New health and safety regulations. New labeling requirements. New rules and guidelines for how you treat your staff. 

Human Factor Risks

Unless you're a one-person show, you'll have to gamble that you can hire reliable employees. Doing so involves several smaller gambles:

  • Can you hire qualified staff without busting your salary budget?
  • Are they as competent as their resume makes them look?
  • Are your employees trustworthy, or will pieces of equipment disappear when you're not looking?
  • Will your best employee take a higher-paying job elsewhere? 
]]> 2018-03-12 11:08:44 UTC https://padlet.com/rothwe1m/hh0ks8epyiqu/wish/240777329 https://padlet.com/rothwe1m/hh0ks8epyiqu/wish/240777630 2018-03-12 11:09:46 UTC https://padlet.com/rothwe1m/hh0ks8epyiqu/wish/240777630 https://padlet.com/rothwe1m/hh0ks8epyiqu/wish/240777848 2018-03-12 11:10:34 UTC https://padlet.com/rothwe1m/hh0ks8epyiqu/wish/240777848