Impact of Risk Factors on Small Business Start-ups

Project

Table of Contents
INTRODUCTION...........................................................................................................................3
Background of the study..............................................................................................................3
Rationale of research...................................................................................................................3
Problem statement.......................................................................................................................3
Research aims and objectives......................................................................................................3
How the objectives will be achieved...........................................................................................3
TIMESCALE...................................................................................................................................4
LITERATURE REVIEW................................................................................................................4
To evaluate the impact of both internal and external factors over the start of a small business. 4
To analyse the risk factors which are concerned with the start of a small business....................4
To investigate the ways to overcome from the risk factors which are related with the start of a
small business..............................................................................................................................4
MARKETING STRATEGY...........................................................................................................4
IMPACT ANALYSIS.....................................................................................................................4
CONSTRAINTS..............................................................................................................................4
CONCLUSION................................................................................................................................5
REFERENCES................................................................................................................................6

INTRODUCTION
Background of the study
Research is the study on a specific topic. In other words it means to search something new or to
modify the existing knowledge. Small businesses are those businesses which has small amount
of refunds and small amount of workforce and which is not too famous among their customers
(Caseiro, N. and Coelho, A., 2019). Risk is associated with business, whether it is risk related to
finance or related to competition but for all time risk is associated with business. The only
difference is that some businesses are having low risk and others are having high risk. Sparky
Dishes are a small company of UK dealing in street foods. They are having 3 stores in London
with approx 35 employees. This business is also associated with many risk factors like lack of
fund, insufficient workforce (cooks) and many others. The first thing to overcome the problems
and risks are to analyse them. To find what are the actual business risks is the first stem, second
step is to find out how these risks impacted upon business and finally to make strategies which
help to overcome these risks.
Rationale of research
The following study is selected because in today’s scenario when a small business plan to
grow then many other factors impacted negative upon business and sometimes due to lack of
funds small business are ineligible to tackle the issues and at the end business owners have to
shut down their small business. Hence, this study will help the small business owners to identify
all related business risks at the business start-ups, how these risks impacted upon business and
what measures can be taken to overcome with business related risks.
Problem statement
While conducting this research, researcher has to face many issues like incomplete data is
received, deciding objective is complex, hard to found respondents, availability of less resources
to gather necessary data and less coordinative behaviour of respondents. All this issues is
occurring while conducting the following research.
Research aims and objectives
Research aims