Company Formation

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Requirements For Starting a New Business

Background Work

Business Requirements

1. Review the resources provided and analyze your business idea by doing a SWOT analysis (provide SWOT Chart).

2. Assess yours and Sally’s strengths and weaknesses as an entrepreneur

3. What are your business and personal goals?

4. Assess and list your financial resources and identify potential sources of funds.

5. What are the financial risks of this adventure?

6. Determine the start-up costs?

7. Why is business location important?

8. What does the market research indicate?

9. Identify your customer market.

10. Identify your competitors.