Online Mind Mapping and Brainstorming

Create your own awesome maps

Online Mind Mapping and Brainstorming

Even on the go

with our free apps for iPhone, iPad and Android

Get Started

Already have an account? Log In

Small Business & New Venture Management by Mind Map: Small Business & New Venture Management
0.0 stars - reviews range from 0 to 5

Small Business & New Venture Management

IP

Trademark,Copyright, Trade secrets, Industrial designs

Law & Patents

Establishing

Evaluation

Often valuable asset - important to keep identified and safeguarded

Starting a new business

Advantages

Finance

Market

Legal

Structure

Questions to ask

6 Steps when starting

Business plan

What?

5 tests

Why?

Why not?

For who?

How to write it

Definition

"Small business: a small-scale, independent firm, which is usually managed, funded and operated by its owners, and whose staff size, financial resources and assets are comparatively limited in scale."

Characteristics

Entrepreneur

Market

Research

Determining attractiveness

Finance

Profit & Loss statement

Assets

Balance sheet

Financing

Bootstrap finance

GANTT p. 226 in textbook

Ratio analysis

Start-up costs

Success & Failure

Statistics

Factors

Strategic planning

"The business's direction and scope"

Reflects owner-manager priorities

Benefits

Key points to know about SME:s and strategy

Operational Management

"The control of the process by which a firm makes a product"

Three basic steps

Business premises

Location

Workflow

Floor plan

Inventory and Supply

Operation Equipment

Evaluating, Improving & Securing

Assessing & Controlling

Procedural systems

Risk management

Business advisors

Accountants

Lawyers

Management consultants

Bank managers

Financial planners

Publicly funded small business agencies

How to pick one