BOGDAN ADRIAN COSTACHE PRESENTATION (new)

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Nov 24, 2024

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Introduction to Business
Content 1. Introduction 2. Profile of the selected Start-Up 3. Advantages and Disadvantages of a sole trader 4. Advantages and Disadvantages of a general partnership 5. Why general partnership is better for a new start-up as opposed to sole trader? 6. Marketing strategy of a new start-up 7. Organisational structure 8. Conclusion 9. Reference list
Introduction Founder of the company has the desire to introduce a new business concept on the market, which led to the formation of our company. Getting customers by needing money can be difficult, but winning customers by needing money can be even harder. Due to the fact that we need financing, we are seeking investors today
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Profile 1 Name: iamINSURANCE Location:53 Station St, NG19 8AD Business type: General Partnership. Industry:The insurance industry is part of the larger financial services industry. 1 Name: iamINSURANCE Location:53 Station St, NG19 8AD Business type: General Partnership. Industry:The insurance industry is part of the larger financial services industry.
Advantages and Disadvantages of a sole trader Taking daily and strategic decisions is entirely up to you Compared to a limited company, there is much less paperwork and regulation. It is not necessary for you to manage or pay any employees. In just a few steps, you can start a business. Taking daily and strategic decisions is entirely up to you Compared to a limited company, there is much less paperwork and regulation. It is not necessary for you to manage or pay any employees. In just a few steps, you can start a business. It is your personal responsibility to pay all debts. Bidding and accepting large contracts may be challenging. The government cannot help if you become ill or have an accident. You may not be able to scale your business on your own. It is your personal responsibility to pay all debts. Bidding and accepting large contracts may be challenging. The government cannot help if you become ill or have an accident. You may not be able to scale your business on your own.
Advantages and Disadvantages of a general partnership The formation of these is usually easier. A corporation is formed when a group of people join together. Other types of businesses can use the structure as well. It is possible for more than one person to participate in fundraising activities. General partnerships have a difficult time raising capital. There is an instability that plagues many general partnerships. Companies' growth can be stunted by disputes.
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When you want to do business with another person, the simplest way is to form a general business partnership. Expenses An informal setting Possession General partnership
Strengths Located The product Weaknesses Ordering online is not possible Opportunities Market expansion is possible Threats Increased fixed costs Companies in the area S W O T SWOT Analysis
DIRECTOR Accountant PERSONAL Legally MARKETING HR
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Conclusion of investors if we are able to raise the necessary financial support. Taking care of our customers is one of our top priorities. Our target customers tend to be people of all ages, mainly young people, which is why we target people of all ages. It is our belief that insurance is of great importance in the everyday lives of people, and that this plan can be carried out with the help of investors if we are able to raise the necessary financial support.
Reference list • Gaille, B. (2018). 21 General Partnership Advantages and Disadvantages. [online] BrandonGaille.com. Available at: https://brandongaille.com/21-general-partnership-advantages-and-disadv antages/ . • Friend, L. (2010). What Is the Meaning of Organizational Structure? [online] Chron.com. Available at: https://smallbusiness.chron.com/meaning-organizational-structure-3803. html . • Morgaine, B. (2016). 11 Foolproof Ways to Attract Investors . [online] Bplans Blog. Available at: https://articles.bplans.com/11-foolproof-ways- to-convince-people-to-invest-in-your-business/.

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