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Monday, November 3 11:00 AM

11/3/2023
GROUP SEVEN
SIGN IN
Introduction

MEMBERS REPORT TITLE

Objectives r 1:
Reporte CHAPTER 7:
L.
EVELYN
MAN
SATENIA STARTING A NEW BUSI
NESS
r 2:
Topics Reporte
VIE C.
DA
CASTAÑE

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 INTRODUCTION x
Starting a business from the ground up is
Introduction
more difficult than buying an existing business or a
franchise because nothing is in place. There is also
more risk involved. However, to many people, the
process of taking an idea through all the steps,
time, money, and energy needed to become a viable
Objectives business is the essence of entrepreneurship. The
period in which you create a brand-new business is an
exciting time.

During times of economic recession with the

unemployment rate hovering around double digits, a
Topics term arises called necessary entrepreneurship—people
starting businesses because other job opportunities
evaporate.

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 OBJECTIVES x
1. Discuss the advantages and
Introduction
disadvantages of starting a
business from scratch.

2. Describe types of new businesses

and discuss the characteristics
Objectives commonly shared by fast-growth
companies.

3. Evaluate potential start-ups and

suggest sources of business ideas.
Topics
4. Explain the most important points
to consider when starting a new
business.

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 TOPICS x

Introduction

Advantages of Disadvantages Types of New Starting a Fast-Growth Evaluating Where do

starting from of starting Businesses business on Start-up Potential business
scratch from scratch the side Start-up Ideas come
from?

Objectives

Creative Importance of How will you Customer Licenses, Taxes

Topics Release Planning to a compete? Service Permits, and
Start-up Regulations

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Insert Topic Title 8/1/2020
 ADVANTAGES OF STARTING
FROM SCRATCH x
When you begin a business from scratch, you have the freedom
Introduction to mold your new creation into whatever you feel is appropriate. Other
advantages of starting from scratch include the ability to create your
own distinctive competitive advantage. Many entrepreneurs thrive on
the challenge of beginning a new enterprise. You can feel pride when
creating something that didn’t exist before and in realizing your own
goals. The fact that the business is all new can be an advantage in
Objectives itself—there is no carryover baggage of someone else’s mistakes,
location, employees, or products. You establish your own image.

Topics

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Insert Topic Title 8/1/2020
 TOPICS x

Introduction

Advantages of Disadvantages Types of New Starting a Fast-Growth Evaluating Where do

starting from of starting Businesses business on Start-up Potential business
scratch from scratch the side Start-up Ideas come
from?

Objectives

Creative Importance of How will you Customer Licenses, Taxes

Topics Release Planning to a compete? Service Permits, and
Start-up Regulations

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Insert Topic Title 8/1/2020
 DISADVANTAGES OF STARTING
FROM SCRATCH x
The risk of failure is higher with a start-up than with the
Introduction purchase of an existing business or franchise. You may have trouble
identifying market needs in your area that you are able to satisfy.
You must make people aware that your business exists—it can be tough
to get noticed. Also, you must deal with thousands of details that you
didn’t fore-see, from how to choose the right vendors, to where to put
the coffeepot, to where to find motivated employees.
Objectives

Topics

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Insert Topic Title 8/1/2020
 TOPICS x

Introduction

Advantages of Disadvantages Types of New Starting a Fast-Growth Evaluating Where do

starting from of starting Businesses business on Start-up Potential business
scratch from scratch the side Start-up Ideas come
from?

Objectives

Creative Importance of How will you Customer Licenses, Taxes

Topics Release Planning to a compete? Service Permits, and
Start-up Regulations

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Insert Topic Title 8/1/2020
 TYPES OF NEW BUSINESSES x

Introduction

Labor Capital E-business Home-based

Intensive Intensive businesses

Objectives

Topics

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 TYPES OF NEW BUSINESSES x

Introduction

Labor Capital E-business Home-based

Intensive Intensive businesses

Objectives LABOR INTENSIVE x

A business that is more dependent
on the services of people than on
money and equipment.
Topics

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 TYPES OF NEW BUSINESSES x

Introduction

Labor Capital E-business Home-based

Intensive Intensive businesses

Objectives CAPITAL INTENSIVE x

A business that depends greatly
upon equipment and capital for its
operations.
Topics

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 TYPES OF NEW BUSINESSES x

Introduction

Labor Capital E-business Home-based

Intensive Intensive businesses

Objectives E-BUSINESS x
A business that shares
information, maintains customer
relationships and conducts
Topics
transactions by means of
telecommunications networks.

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 TYPES OF NEW BUSINESSES x

Introduction

Labor Capital E-business Home-based

Intensive Intensive businesses

Objectives HOME-BASED BUSINESSES x

A popular type
of business that
operates from
Topics the owner’s
home, rather Advantages of Disadvantages
Home-based of Home-based
than from a business business
separate
location.
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 ADVANTAGES OF HOME-
BASED BUSINESS
x
The advantages of a home-based
Introduction business include the following:

 Control over work hours

 Convenience
 Ability to care for domestic
Objectives responsibilities(such as
children, parents, or the
household)
 Low overhead expenses
 Lack of workplace distractions
Topics (co-workers in, chatting around
the coffee machine)
 Decreased commute time
 Tax advantages

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Insert Topic Title 8/1/2020
 TYPES OF NEW BUSINESSES x

Introduction

Labor Capital E-business Home-based

Intensive Intensive businesses

Objectives HOME-BASED BUSINESSES x

A popular type
of business
that operates
Topics from the
owner’s home, Advantages of Disadvantages
Home-based of Home-based
rather than business business
from a separate
location.
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Insert Topic Title 8/1/2020
 DISADVANTAGES OF HOME-
BASED BUSINESS
x
The Disadvantages of a Home-Based
Introduction Business Disadvantages of a home-based
business include the following:

 Difficulty setting aside long blocks

of time
 Informal, cramped, insufficient
Objectives workspace at home
 Demands on family members to
cooperate
 Lack of respect (people may think
you are unemployed or doing this as
a hobby)
Topics
 Domestic interruptions (houses can
get noisy and crowded)
 Lack of workplace camaraderie
(houses can get quiet and lonely)
 Zoning issues12
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11:00 AM
Insert Topic Title 8/1/2020
 TYPES OF NEW BUSINESSES x

Introduction

Labor Capital E-business Home-based

Intensive Intensive businesses

Objectives HOME-BASED BUSINESSES x

A popular type
of business
that operates
Topics from the
owner’s home, Advantages of Disadvantages
Home-based of Home-based
rather than business business
from a separate
location.
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11:00 AM
Insert Topic Title 8/1/2020
 TYPES OF NEW BUSINESSES x

Introduction

Labor Capital E-business Home-based

Intensive Intensive businesses

Objectives

Topics

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11:00 AM
Insert Topic Title 8/1/2020
 TOPICS x

Introduction

Advantages of Disadvantages Types of New Starting a Fast-Growth Evaluating Where do

starting from of starting Businesses business on Start-up Potential business
scratch from scratch the side Start-up Ideas come
from?

Objectives

Creative Importance of How will you Customer Licenses, Taxes

Topics Release Planning to a compete? Service Permits, and
Start-up Regulations

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Insert Topic Title 8/1/2020
 STARTING A BUSINESS
ON THE SIDE
x
Many people start businesses while keeping their regular jobs. Although
Introduction this approach is generally not recommended as a way to enter business,
the Bureau of Labor Statistics estimates that more than 1.2 million
people take this step each year.

“Working a full-time job while getting a business off the ground may
require superhuman organizational skills and discipline, yet it can
Objectives offer some notable advantages.”

Topics

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Insert Topic Title 8/1/2020
 TOPICS x

Introduction

Advantages of Disadvantages Types of New Starting a Fast-Growth Evaluating Where do

starting from of starting Businesses business on Start-up Potential business
scratch from scratch the side Start-up Ideas come
from?

Objectives

Creative Importance of How will you Customer Licenses, Taxes

Topics Release Planning to a compete? Service Permits, and
Start-up Regulations

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Insert Topic Title 8/1/2020
Introduction

Objectives

Topics
Personalize

Settings

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Shut down
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Introduction

Are you sure you want to

Objectives end the presentation?

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Topics

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