PROCEDURE FOR STARTING A SMALL ENTERPRISE

Entrepreneurship-and-Communication-Skills-notes

For a business to succeed the right approach must be followed. Below is a suggested approach that can be followed:

  1. i) Idea generation.
  2. ii) Market survey:

–     Define problem, target population, select sample, define survey instruments, collect data,

analyse data, report findings

  1. Business plan

–           Business description

–           Marketing

–           operation/production

–           Management

–           Finance

–           Risks and assumption

 

Selection of a suitable location.

  1. Mobilisation of finance
  2. Business registration.
  3. licensing



(Visited 155 times, 1 visits today)
Share this on:

Leave a Reply

Your email address will not be published. Required fields are marked *