Welcome to disscusion of group 8 Teacher : Class: 1634ENTH1611 Topic: Benefits and challenges of a start-up (a new business) ● Opening ● Main body ◦ Benefits of a new business ◦ Challenges of a new business ◦ Slove the challenges ● Conclusion Have you ever thought about starting your own business? Freedom BENEFITS Business More Control Income Do What You Salary Enjoy Potential Freedom One of the greatest advantages of starting a new business is the freedom that comes with being your own boss Being your own boss also means that you can enjoy greater job security knowing than no one can lay you off More Income Some new business owners see self-employment as the door to financial freedom As a company employee, your income is limited by a set salary Raises and promotions are only at the discretion of your supervisor Do What You Enjoy Owning a company gives you the opportunity to work in a field you enjoy Working in an industry you’re passionate about helps you better handle down times in your business s y it su is al g Le Id Fa n : tio er ca m lo to ss us ne C si management Executive management: es cil Issues of human resources : ea bu e, m na ’s ny pa m co e th ng: keti mar Plan Challenges Other legal procedures: Ideas Executive management: You manage with diodes not? Pumper good? You staff has worked hard not? Have not creative? Effective work? If you do not or cannot do long costhowif, go rent Customer: The last difficulty is also difficult to decide the success or failure of the enterprise is key is finding customers So you have to maintain operational apparatus of company before thinking breakout strategy for medium and long term strategy Maketing Plan: Applying marketing mix 4P: product, price, place, promotion; search and learning strategies of the successful competitors; outlines the criteria to evaluate the readiness of their… Solve the challenges ◦Difficulties in facilities Facilities include offices, factories, equipment needed It requires you to have the infrastructure capital firmly in order to operate the business in the best way ◦The idea and the business plan ◦The idea and the business plan ◦Human Resources Thank you coming to our presentation!!