Business by Mackenzie Shaw https://padlet.com/13mshaw/ts09yjpienh7 en-us 2017-12-03 13:23:55 UTC 2017-12-03 13:40:52 UTC hello@padlet.com What is a business? 13mshaw https://padlet.com/13mshaw/ts09yjpienh7/wish/212593660 An organisation whose purpose is to produce goods and services that meet the needs of customers.
>Things to think about:
.Is there a business opportunity?
.How will the business be financed?
What is required to get the business up and running?
.What legal aspects have to be considered?
.What products and services will be sold and to whom? ]]> 2017-12-03 13:26:17 UTC https://padlet.com/13mshaw/ts09yjpienh7/wish/212593660 Objectives 13mshaw https://padlet.com/13mshaw/ts09yjpienh7/wish/212594063 Financial:
.Survival
.Profit and income
.Wealth
.Financial security

Non financial:
.Professional satisfaction
.Challenge, independence and control
.Helping others]]> 2017-12-03 13:30:45 UTC https://padlet.com/13mshaw/ts09yjpienh7/wish/212594063 Goods 13mshaw https://padlet.com/13mshaw/ts09yjpienh7/wish/212594349 Physical, tangible products like a pair of scissors, a car or a t.v. set.]]> 2017-12-03 13:33:50 UTC https://padlet.com/13mshaw/ts09yjpienh7/wish/212594349 Services 13mshaw https://padlet.com/13mshaw/ts09yjpienh7/wish/212594480 Non-physical, intangible products like a hair cut or a t.v. programme.]]> 2017-12-03 13:35:15 UTC https://padlet.com/13mshaw/ts09yjpienh7/wish/212594480 Supplier 13mshaw https://padlet.com/13mshaw/ts09yjpienh7/wish/212594663 Business who sells products to another business. ]]> 2017-12-03 13:37:11 UTC https://padlet.com/13mshaw/ts09yjpienh7/wish/212594663 Production 13mshaw https://padlet.com/13mshaw/ts09yjpienh7/wish/212594741 Using raw materials, labour and machinery to make products. ]]> 2017-12-03 13:38:03 UTC https://padlet.com/13mshaw/ts09yjpienh7/wish/212594741 Customer 13mshaw https://padlet.com/13mshaw/ts09yjpienh7/wish/212594803 A person or organisation that purchases the product or service.]]> 2017-12-03 13:38:51 UTC https://padlet.com/13mshaw/ts09yjpienh7/wish/212594803 Consumer 13mshaw https://padlet.com/13mshaw/ts09yjpienh7/wish/212594952 The person that uses/consumes the product.]]> 2017-12-03 13:39:59 UTC https://padlet.com/13mshaw/ts09yjpienh7/wish/212594952