ECON220 Lecture 1: Chapter 1 Notes
11 Jun 2017
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Using customers identified from before to the how. What are the financial projections for the business. Part 2: the business plan and start-up alternatives. Developing a business plan: why its important and alternatives. Efficiency: using up as little resources as possible. How do i take over my family"s business. Part 3: small business management for the long term. How can i build and apply my skills. Discuss the definition and role of small business. As customer needs change a gap should open up. What is it that you"re doing: put it into a business plan. Specifically: what you"re selling; whom you"re selling to. Definition: academic definition is 500 employees or less. Micro-enterprise: small operations, typically family based that have 1-2 people. Definition: risking time, money and/or effort to make a profit. Self employment individuals who work on their own, often out of their homes and often on contract basis for various companies.
