Urban Outfitters

Assignment #1 Urban Outfitters Continuing Case mulct Creating a Business Introduction to Business, BUS100 May 01, 2011 1. Identify at to the lowest degree three challenges when setting up a avocation. Explain wherefore they are challenges. sign Capital: Initial capital is the chief(prenominal) priority when starting a crinkle. It depart charm the localization of function of a care, the personnel, and the businesss clientele. When somebody plans to start a business, and has a limited sign capital, they may have to diminish for a locale that is not as eye-catching as others. Whether it is an office or a fund, prices set forth depending on jam and size. Personnel are also an of import aspect of evolution companies. An understaffed company due to privation of initial capital will not be as efficient, and may lack customers. Low initial capital will also call for an advertising campaign and may stimulate the business not to bring in as many customers as it could have. pickle: Location is one of the most important decisions new business owners have to make. The pickle of a business will regard what kind of customers will visit the foundation.

If the establishment is in a Hispanic neighborhood, the major(ip)ity of the customers might be Hispanic. Choosing a positioning piece of ass be very challenging since distinguishable businesses pack different military positions to be more efficient. An example can be a trucking company located bordering to major warehous ing companies, or perhaps a retail store fin! ding a locale inside a mall. The initial capital, good understanding of the type of business, and the type of market the business is trying to tar throw, will determine the location of the business. Customers: The most important aspect of any business is their customer. In order to clear customers, an advertising campaign is needed. Depending on the business, the location is a life-or-death factor. Everything that the business owner does has to be knowing to...If you want to get a full essay, order it on our website: BestEssayCheap.com

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