Start a business Free Essays

Selecting the line of business : – The first thing to be decided by the entrepreneur is the line and type of business to be undertaken. 2. Scale or size of business After deciding the line of business the businessman must decide whether he wants to set up large scale or small scale business. We will write a custom essay sample on Start a business or any similar topic only for you Order Now 3. Choice of form of Business organisation :- The next decision must be taken Is to finalise the form of business I. e. , to set up sole proprietorship. , partnership or joint stock company. 4. Location of Business Enterprise :- The entrepreneur has to decide the place where the enterprise will be ocated. Before taking this decision he must find out availability of raw materials, power, labour, banking, transportation etc. 5. Financial Requirement : The businessman must analyse the amount of capital he might require to buy fixed assets and for working capital (Day to day expenses) Proper financial planning must be done to determine the amount of funds needed. 6. Physical facilities include machinery, equipment building etc. This decision depends upon the size, scale and type of business activities he wants to carry on. 7. Plant layout How to cite Start a business, Papers