STARTING UP
1. Business Channel,
http://www.business.channel.vic.gov.au/
Subject Menu. Starting Your Business. Before You
Start. Is Business the Right Choice For You?
Personal Considerations. Are You the Right Type of
Person?
- Evaluate the six questions. Is each one critical? Explain.
Can You Afford to Start?
- How would you advise a person to set about answering the
five questions?
2. American Express,
http://www.americanexpress.com
Business. Small Businesses.
Articles & Discussions. Starting a Business.
Developing a Business Idea
- Do any of the "Problems" apply to you? How can
you overcome them?
Small Business Startup Guide.
How Do I Research My Business Idea to Determine if it is
Viable?
- Evaluate the suggestions. Can you add to them?
How Much Personal Savings Should I have Before I Start a
Business?
- What is the conventional wisdom regarding this question?
What steps would you recommend a starter take to check this out?
Where Should I Look for Financing?
- Browse, and summarise the possibilities.
Do I Need a Business Plan?
3. Bplans.com,
http://www.bplans.com/
Starting a Business.
- Complete a list of "Helps" for starting a business that
could be useful in Australia.
4. Before You Start: A Basic Checklist,
http://www.prenhall.com/scarbzim/html/checkfull.html
- Answer for yourself the questions regarding "You". Do you
agree that your answers do suggest that you should or should not start a
business? Explain.
- To what extent do each of the parts of the list agree with
the Concept Steps or the Plan Steps outlined in the chapter?
- As an advisor, to what extent could you advise a
prospective starter regarding the questions, "Your Financial Plan"? Which
professional person should be best equipped to assist with this area and why?
5. Australian Tax Office,
http://www.ato.gov.au/
Search(home page) : "hobby" and "business structures"
- Would an ABN (Australian Business No.) be needed for each? Explain the income tax rates for each type of business
structure.
- Explain the key differences between carrying on a business
and having a hobby. Use the example of the person making wooden toys.
6. Babson College: Centre for Entrepreneurship,
http://www.babson.edu/entrep/
Publications and
Research. Frontiers of Entrepreneurship.
- Look for academic articles written for the annual Babson
Conference in the US from 1981 to date regarding small business start ups, and
group them by common research topics. Describe the progression in the topics
over time. If available, download some of the recent articles that appeal to
you and annotate the contents.
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