Question

1. What are 5 key things an owner needs to consider when organizing a new business?

1. What are 5 key things an owner needs to consider when organizing a new business?

Homework Answers

Answer #1

5 key things an owner needs to consider when organising a new business are

1. The priority a new business owner should give is to do a thorough background study or research about the product or the business he has planned. That study will make him clear about how he is supposed to proceed further.

2. The geographical location finding and deciding about it is very important for a new business owner.

3.Financial needs and arrangement should also be a primary focus. Without capital there is no business.

4. Hiring employees who will work along with him is most important.

5. A good and experienced business adviser will be a lot more helpful in organising a new business. So such an expert can be counted upon for many initiatives.

Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
Analyze what a business owner must consider when deciding what type of entity is best for...
Analyze what a business owner must consider when deciding what type of entity is best for the goals and vision of the business. Provide at least two (2) examples of research the owner must perform to ensure the proper election is made. Provide support for your rationale.
1.) Select a service or manufacturing business and discuss the key factors to consider in locating...
1.) Select a service or manufacturing business and discuss the key factors to consider in locating a new facility. 2.) What data should you collect and how do you collect the data to be able to evaluate your location options?
What are some key considerations a trainer needs to consider regarding the delivery of a training...
What are some key considerations a trainer needs to consider regarding the delivery of a training session? What considerations around follow-up should be considered?
a. What is AI ? b. When facing a new things, how do we analyse its...
a. What is AI ? b. When facing a new things, how do we analyse its impact to our BI practice ? c. What kind of challenges and issues the new trends/developments in BI present in terms of Business intelligence and society at large ?
What are important things to consider when making a community nursing diagnosis?
What are important things to consider when making a community nursing diagnosis?
For a new hotel project, explain some things you would consider when selecting an operator for...
For a new hotel project, explain some things you would consider when selecting an operator for your hotel property. For an already operating hotel, explain some potential reasons for reflagging your property. Imagine you are developing a new hotel property or repositioning an existing hotel property. list various ways to enhance value. Explain some things that you can do that can result in enhanced value for the finished hotel project.
Question 9 (1 point) When an owner invests cash in business, the equity balance will a.increase...
Question 9 (1 point) When an owner invests cash in business, the equity balance will a.increase b.decrease c.no impact on equity d.none of these options Question 10 (1 point) Cash withdrawn from business by owner would a.increase owner's equity b.decrease owner's equity c.have no impact on equity d.not be recorded as it is owner's personal transaction Question 11 (1 point) If Assets are $ 21,000 and Liabilities are $ 9,000 equity will be? (use accounting equation) a.$ 9,000 b.$ 12,000...
What are some of the most important things to consider when preserving a crime scene specifically...
What are some of the most important things to consider when preserving a crime scene specifically for fingerprint collection?
A coffee shop owner is worried about a slowdown in business because a new shop opened...
A coffee shop owner is worried about a slowdown in business because a new shop opened up one block away. Before the new shop opened, the owner’s customer traffic (customers per hour) was normally distributed with a mean of fourteen. The owner randomly surveyed sixteen hours and recorded a mean of thirteen customers per hour, a standard deviation of three customers per hour. Develop null and alternative hypothesis that will help deciding whether his shop is in trouble (when slowdown...
A coffee shop owner is worried about a slowdown in business because a new shop opened...
A coffee shop owner is worried about a slowdown in business because a new shop opened up one block away. Before the new shop opened, the owner’s customer traffic (customers per hour) was normally distributed with a mean of fourteen. The owner randomly surveyed sixteen hours and recorded a mean of thirteen customers per hour, a standard deviation of five customers per hour. Develop null and alternative hypothesis that will help deciding whether his shop is in trouble (when slowdown...
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT