The prospect of starting your own business can be thrilling but daunting at the same time.
Whether it’s a desire to be your own boss, or turning a passion into a job, there are many things to consider if you are thinking about starting a business.
What we’ll cover:
00:00 Introduction to ‘Starting a business’.
00:35 Turning your business vision into reality.
01:20 Have you got what it takes to run your own business
02:45 Identifying your business purpose.
03:45 Planning to bring your business to life.
04:30 7 Ps of business planning.
05:00 Product.
05:45 People.
06:00 Place.
06:20 Price.
06:35 Promotion.
07:00 Performance.
07:35 Creating your business.
08:40 Business structures.
09:15 Sole trader.
09:45 Partnership.
10:25 Company.
10:55 Trust.
12:30 Statutory & legal obligations.
12:50 Registrations & licences.
14:25 Taxes.
16:25 Superannuation.
17:10 Employee entitlements.
18:15 Funding your business – start-up costs..
19:20 Funding your business – capital expenditure.
20:20 Managing cash flow.
22:35 Risk management strategies.
23:10 Product risk.
23:35 Asset risk.
23:50 Supplier risk.
24:20 People risk.
24:55 Financial risk.
25:05 Customer risk.
25:50 Recap & thanks.
For more information on starting a business, visit the Davidson Institute
https://davidsoninstitute.education/business/starting-your-business/