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[PDF] Entrepreneurship and Small Business Start-Up

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Added on  2021-04-21

[PDF] Entrepreneurship and Small Business Start-Up

   Added on 2021-04-21

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RUNNING HEAD: Incorporating new business1Name of the studentTopic- Setting up new businessUniversity Name-
[PDF] Entrepreneurship and Small Business Start-Up_1
Incorporating new business2Introduction It is analysed that starting up a new business requires evaluations of several internaland external factors which may affect the business functioning of a new organization. In thisreport, a business plan has been formulated. The main business plan which will be undertaken in this report is to start up Gemsbusiness. This Gems business will be set up to sell different types of stones in the market.The business function would be to implement the proper level of the angle grinder to cutstone to give proper shapes. This will start with buying the stones and raw material from thevendors and use these raw stones to prepare gems. It may require several processes of theangle grinder to cut stone to give proper shapes (D'Aveni, 2017). The name of the businesswould be Track lock stones and company. It would be incorporated as a private limitedcompany due to its high capital requirements. The private limited company is structured asdecentralised busienss process. In addition to this, Track lock stones and company will useonline cyber computing systems for the online marketing and seminars to showcase all of itsnewly designed stones (Zuzevičiūtė, Pranevičienė, and Simanavičienė, 2018). The mainreason for choosing this Gem Business is based on the international and domestic demand forthe attractive stones. It will assist entrepreneur to create value in their capital in an effectivemanner. Track lock stones and company could also undertake further strategic alliance tocreate the busienss relation with other organizations. The main important step would be tohire expert members who could give attractive shapes to stones in the manufacturingactivities. The target market for Track lock stones and company would be people who areearning monthly AUD $ 10,000 and more. The main focus of company would be on femaleswho like to buy gems and jewellery from the market. In addition to this, a company couldalso arrange a gems exhibition in the hub to attract more clients in the market. The companyneeds to set up the showroom in the porch areas of Australia to sale it's all valuable stones(Jovanovic, et al. 2015). The first step to start up this gems business is to arrange finance andprepare the business policies. After that, a company will use these funds to run the businesseffectively. It will assist the organization to run the business effectively. The main threatwhich Track lock stones and Company would face is worn and tears of machines anddestruction of stones. It may result in high loss of capital to business. This gems business willgive potential to Track lock stones and company to diversify further in Jewellery business.Now, in the end, it could be inferred that starting up Gems business in Australia may require
[PDF] Entrepreneurship and Small Business Start-Up_2

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