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    GR 11 BM - Business Challenges and Opportunities - 10 Aug

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    Samanth Bhoopalam
    This document discusses challenges for starting a new business and reasons for doing so. It identifies key challenges as expertise, financing, marketing, hiring skilled employees, technology, competition, legal issues, supply chain management, and environmental issues. Reasons for starting a business include potential profits, independence, necessity, personal interests, gaps in the market, and sharing ideas. The document also considers forms of business ownership and models like sole trader, partnership, and different types of companies.

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    GR 11 BM - Business Challenges and Opportunities - 10 Aug

    Uploaded by

    Samanth Bhoopalam
    28 views12 pages
    This document discusses challenges for starting a new business and reasons for doing so. It identifies key challenges as expertise, financing, marketing, hiring skilled employees, technology, competition, legal issues, supply chain management, and environmental issues. Reasons for starting a business include potential profits, independence, necessity, personal interests, gaps in the market, and sharing ideas. The document also considers forms of business ownership and models like sole trader, partnership, and different types of companies.

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    Gr 11 BM - business challenges and opportunities- 10 Aug

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    This document discusses challenges for starting a new business and reasons for doing so. It identifies key challenges as expertise, financing, marketing, hiring skilled employees, technology, competition, legal issues, supply chain management, and environmental issues. Reasons for starting a business include potential profits, independence, necessity, personal interests, gaps in the market, and sharing ideas. The document also considers forms of business ownership and models like sole trader, partnership, and different types of companies.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as pdf or txt
    28 views12 pages

    GR 11 BM - Business Challenges and Opportunities - 10 Aug

    Uploaded by

    Samanth Bhoopalam
    This document discusses challenges for starting a new business and reasons for doing so. It identifies key challenges as expertise, financing, marketing, hiring skilled employees, technology, competition, legal issues, supply chain management, and environmental issues. Reasons for starting a business include potential profits, independence, necessity, personal interests, gaps in the market, and sharing ideas. The document also considers forms of business ownership and models like sole trader, partnership, and different types of companies.

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    © All Rights Reserved
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    of 12

    From the previous lesson…

    Topic: New business - challenges


    Learning Outcomes:
    • Able to identify start up business challenges
    • Identify reasons for starting up a business
    Key Concepts HR
    Finance
    Operations
    Marketing
    ATL Skills
    S T E E P L E

    S W O T
    August 2022
    Make connections!!
    Menu offered by McDonald’s in India is one
    of a kind and not present anywhere else in
    the world. The menu was adapted as per
    local tastes and preferences.
    Veg menu was introduced to cater the
    needs of the vegetarian segment . For
    instance,
    • Garlic free sauces
    • No beef burger
    We are
    • Vegetable oil for cooking Thinkers!!
    Sustainability
    • Economic sustainability
    • Environmental sustainability
    • Social/cultural sustainability
    Sectoral
    change
    What are the problems
    that Mr David might
    face?

    Time to research!!
    Possible challenges/problems
    • Expertise
    • Finance – start up capital, loans, etc.
    • Marketing – awareness, brand, etc.
    • Availability of skilled employees
    • Technology
    • Competition
    • Legal issues
    • Supply of raw materials/components
    • Environmental issues
    Reasons for starting up a business
    • Rewards ( profit)
    • Independence/autonomy
    • Necessity
    • Challenge
    • Interest/hobby
    • Gap in the market
    • Sharing an idea
    • Legacy
    What form of
    business ownership
    Mr David choose?
    • Sole trader
    • Partnership
    • Private limited company
    • Public limited company

    Joint venture | Strategic alliance | Franchise – business models


    B2B |B2C|C2C| C2B – ecommerce models
    Reflection time
    What is your
    takeaway?

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