StudentShare
Contact Us
Sign In / Sign Up for FREE
Search
Go to advanced search...

Creating, Financing, and Marketing a Business - Research Paper Example

Cite this document
Summary
Creating, Financing And Marketing A Business [Your Name] [School Name] Pros And Cons Of Partnership As A Form Of Ownership Partnership can simply be defined as the relationship that exists between people who agree to share profits (and losses) of a business carried on by them, or any of them representing the others (Weetman, 2003)…
Download full paper File format: .doc, available for editing
GRAB THE BEST PAPER98% of users find it useful
Creating, Financing, and Marketing a Business
Read Text Preview

Extract of sample "Creating, Financing, and Marketing a Business"

Download file to see previous pages

With such a well diversified blend of people coming in to operate the business, a lot of costs can be saved in hiring other people to do these kinds of technical work for them. Moreover, in the case a loss occurs in a partnership, not all of it will be taken by a single person like in the case of sole proprietorship. Here, each partner will be liable to the maximum amount of their investments (or if agreed otherwise) they have made. Partnership also have a lot of cons. In case of partnership, often time the agreement are framed in such a way that if any one partner leaves, the entire partnership / business needs to be would up.

This is one of the major problems in partnership as a mode of ownership. Yet another very important con is that there may be differences in views of partners as how they want to carry out the business or resolve a particular issue. In such case, usually voting is carried out to determine a way out. This would mean there would be several partners who would have to agree to something against their wishes. Funding Options For Small Business There are a lot of possible ways which small businesses can use to fund their operations.

The options include debt financing, grants, equity financing, loans from friends and family, business angels or angel investors as they are better known, venture capitalists and strategic investors. A few of these sources re discussed in more detail below. Almost all small businesses finance their operations via loans taken from financial institutions. These loans are often easy to take come with a repayment schedule an interest rate that is decided upon at the time of cracking the deal. The plus side of debt financing is you don't have for equity financing, thereby you'll solve equity issue expenses.

Secondly, getting a debt is pretty much an easy option as compared to floating a company's shares on the stock market. Government grants can also be used to fund the operations of small businesses. These grants are usually offered to businesses in the research and development side and those working in the technology sector (McCaffrey, 1992). Its benefits include the fact that this is literally free money that doesn't need to pay back and investors love the boost that such grants provide. On the negative side, the use of grant money is often dictated by the government and it cannot be used for anything else.

How Managerial Accounting Can Help Managers With Product Costing, Incremental Analysis And Budgeting Managerial or cost accounting deals with costing techniques. It is generally concerned with providing price sensitive information to decision making managers, as they're the people who are responsible for product costing and control operations. Managerial accounting can help managers with to determine cost units and allocate them to different cost centers. Once all these cost units have been allocated to different cost centers, then the total cost per unit can be determined and hence product costing becomes easier.

Managers generally make decision by selecting between different alternatives available to them. Since a lot of information is available when deciding product costs, decision making becomes a much easier process when they only examine the amounts that differ between different decisions and make a decision accordingly. In such cases differences only occur between relevant costs, and they're the ones that need to be considered in incremental analysis since non

...Download file to see next pages Read More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Creating, Financing, and Marketing a Business Research Paper”, n.d.)
Creating, Financing, and Marketing a Business Research Paper. Retrieved from https://studentshare.org/business/1442117-creating-financing-and-marketing-a-business
(Creating, Financing, and Marketing a Business Research Paper)
Creating, Financing, and Marketing a Business Research Paper. https://studentshare.org/business/1442117-creating-financing-and-marketing-a-business.
“Creating, Financing, and Marketing a Business Research Paper”, n.d. https://studentshare.org/business/1442117-creating-financing-and-marketing-a-business.
  • Cited: 0 times

CHECK THESE SAMPLES OF Creating, Financing, and Marketing a Business

Business to Business Marketing: Triangle Creative Ltd

Marketing Mix Marketing mix can be recognised as a business tool that the marketers use for the purpose of marketing and prompting their products.... In case of business-to-business (B2B) market, the business houses generally make their products as well as services available for other businesses that can be utilised in their daily operations or can be utilised for preparing other products and services.... The report will also attempt to identify the key relationship variables as well as business networks which are likely to be significant for the TCL....
13 Pages (3250 words) Assignment

Business Skills and Employability

Its core operation is in the retail business with the focus being on food and non-food products and services.... The understanding of the position of the company ensures that the marketing and communication strategy is developed to improve the performance of the business.... For Sainsbury, it is vital to understand the weakness of the business and develop strategies to counter the weaknesses and threats associated with the company.... It has diversified its operation to cover various sectors of the business environment....
9 Pages (2250 words) Coursework

Starting Business

There are various ways to raise finances for funding a buyout such as debt funding, private equity financing and vendor financing.... Following elements make a buyout a cumbersome and time consuming business process: ... Rumors may spread that the business is about to close, in this case some of the capable workforce may leave the company.... Some of the other concerns related to buyout of an existing business include the potential for inheriting:An obsolete product or mature market: If a proper assessment is not done there are chances that you purchase a company whose products are not in demand or market for the product that company is producing is mature....
12 Pages (3000 words) Essay

Fords marketing strategy The Way Forward

This research evaluates Ford's marketing strategy “The Way Forward”.... nbsp;  … The conclusion states that the Ford experience proved that an effective marketing strategy can enable a company overcomes a crisis.... In an attempt to jump-start sales and save the company, Ford's new CEO, Man Mulally the former EVP of Boeing (who incidentally helped saved the company's declining sales after 9/11 attack) implemented a marketing strategy dubbed “The Way Forward” which served as the company's blueprint to overcome the 2008-2009 crisis....
3 Pages (750 words) Case Study

Shamrock Convenience Store's Development Perspectives

The remaining amount will be used in other expenses such are business registration, licenses and refurbishing the premises.... The business will rely on debt financing to fund its operations for the first 3 months.... After 3 months business operations will be funded from the sales proceeds.... The implication here is that the business will be able to sustain itself.... The business will start servicing its debt while maintaining a degree of profitability....
6 Pages (1500 words) Case Study

Brighter Cleaning Company Marketing Plan

Simply put, a business brand is like a promise to business clients that the business is ready and willing to adhere to the proposed brand requirements.... Branding is among the most significant factors that enhance the success of any business, irrespective of its size, B2B or retail.... Affective branding process offers the business a cutting edge in increasing its competitiveness in the market.... According to Sheth, it is important to realize that in making the business brand, it is often derived from the routine activities that the business is involved in....
9 Pages (2250 words) Essay

ABC Dry Cleaners and Laundry Service Business Opportunities

From the paper "business Plan – ABC Dry Cleaners" it is clear that ABC Dry Cleaners and Laundry Service is being formulated to offer the consumer an exemplary level of service, whilst addressing the strains of modern life and work-life balance with an underpinning focus on the environment....
8 Pages (2000 words) Term Paper

Creativity and Problem Solving Process

hellip;  The author states that business contexts and work environments are rapidly changing with highly complicated and diverse elements and therefore entrepreneurs and managers need flexible as well as innovative responses.... Organizations face a variety of problems and challenges related to new product development, service, a new process of manufacturing, marketing strategy, and convenient ways for allocating available resources and these issues can be solved through creative thinking and actions....
10 Pages (2500 words) Research Paper
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Contact Us