| Assessing Business Start-ups • Objectives of business start-ups • Strengths and weaknesses of a business idea and/or plan • Why start-ups can be risky • Why start-up businesses may fail |
- Survival
- Breaking even
- Sales growth
- Achieving a 'satisfactory' level of profit
- Social objectives, e.g: to be environmentally friendly
A start up business in the New Technology Sector. Interviews with the key founders of the company cover the need for a sound Business Plan with all the necessary detailed monthly cash flows, plus overall 3 year cash flow forecasts. Watch here.
Why so many start-ups fail. BBC article.
Risks of business start-ups:
While their mums and dads watch the latest series of The Apprentice dreaming of running their own business, the nations teens are already out there living the dream. A nationwide survey has revealed a generation of teenpreneurs running successful bedroom businesses with 21,000 earning in excess of £60,000 annually online - nearly three times the average UK salary.
Business tips from the London Start-Up Show:
Business tips from the London Start-Up Show:
Levi Roots - what happened after Dragons' Den?
Friends Naz and Mark have quit their jobs and sold their flats in order to put everything into a healthy burger restaurant. Neither has any experience, and with start-up costs of £300,000 it's a massive undertaking. Just how massive they can't begin to imagine. Click on the picture.
