Assessing business start-ups.
Is the business a good one?
Not every business wants to grow rapidly into a multi-million pound concern. Many small businesses simply want to earn a lifestyle return. |
Common objectives:
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Different styles of start-ups :
- Part time businesses- a great way to start a new business; most aim to supplement an existing living, or earn money to cover costs.
- Lifestyle businesses- where the entrepreneur works full time, but the main aim of the enterprise is to provide a satisfying living.
- Social enterprises- businesses that trade with goods or services for a social purpose.
- Ambitious businesses- aim for significant growth- in sales, profits etc. These businesses tend to need higher investment, they take more risks, but the returns are potentially higher.