Understanding Small Business

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Chapter 11

 

 

 

 GROWTH OF SMALL BUSINESS

1. Entrepreneurship and Small Business Resource Web Site, http://www.prenhall.com/scarbzim/

Small Business Management Audit.

  • What is a management audit? Who should adopt the procedures and why?

Strategic Planning.
  • Explain which of the 9 questions would be particularly relevant for the small growth business. Why?
  • Which question, in your opinion, is the most important one for a growth business. Explain why.

Marketing and Sales Promotion.
  • What type of marketing is most likely to lead to highest growth? Use information in the chapter to argue your case.

Small Business and Entrepreneurship Resources.      Creativity and Innovation.

  • Nominate 4 sites that you feel would be valuable for the small business proprietor who is keen to grow her business. Describe the site and evaluate its usefulness.

2. WA SBDC, http://www.sbdc.com.au/

Growing Your Business.     Exporting.

You have been contracted to provide advice to the owner-manager of an enterprising small firm.   She believes that exporting her products will be the major source of growth for the firm's future.   Complete your working papers concentrating upon:
  • physically and mentally preparing for export action, and
  • the essentials which need to be considered and prepared for before embarking on exporting.

3. Small Business Victoria, http://www.business.vic.gov.au/

Business Program and Industry Assistance.     Management Strategies and Education.   Grow Your Business.

You have been asked to provide advice for a small business in Victoria which the owners believe is due to take off and achieve considerable growth in revenue, employees and assets.   Prepare your working papers by outlining the necessity for a Business Strategic Review  and a Business Development Plan.   Also summarise relevant government support available in Victoria.  

4. Small Business Victoria, http://www.business.vic.gov.au/

Resource Centre.     Fact and Information Sheets.   Planning.     Planning for Growth.

Compare and contrast this information to the business plan template in chapter 6 of your USB textbook.   Then explain how you would modify the template to plan for growth of an existing business. 

 

 

 

 

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Last modified: 03/07/08