DECISIONS AND CHALLENGES (REGULATIONS AND

FINANCING)
● The entrepreneur understands that the laws and regulations must be
followed.
● There are many reasons for these laws such as protecting the customers.
LOCAL REGIONAL AND GLOBAL RULES FOR CONDUCTING
BUSINESS
● All countries require that businesses be legally registered.
● Each country has the following general procedures:
a. Deicide on the ownership structure / type of business.
b. Register with the office of registrar of companies. Once this is done the
government can monitor the activities and also provide guidance.
c. Provide the necessary documents along with a fee.
RELEVANT BUSINESS LEGISLATION IN DIFFERENT COUNTRIES
i. Labor laws and regulations
ii. Business that comes in contact with food in any way should ensure that all
employees obtain a food handlers permit.
iii. Pricing regulations
iv. Income tax
v. Consumption
vi. Zoning legislation
vii. Factories act
viii. Intellectual property rights

SOURCES OF CAPITAL
An entrepreneur may acquire funds from many sources including:

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 ● Personal savings or past earning.
● Funds from partners or other investors.
● Loans from banks or other financial institutions.
● Venture capital (funds from new businesses with potential,
● Government loans or grants
● Credit transactions

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