M06 Basic Characteristics and Establishment of the

Transcript:M06 Basic Characteristics and Establishment of the:
M06 Basic Characteristics and Establishment of the Company, Start-up Trainer Presentation Project “Technology Transfer Together” / TEchTransfer Number of the project: 2020-1-CZ01-KA203-078313 1 Content Introduction to Business How to Set Up a Business Financial Management Financial Basics for Business Financial Analysis New Approaches to Enterprise Financing 2 Project Technology Transfer Together / TEchTransfer Number of the project: 2020-1-CZ01-KA203-078313 Introduction to Business Project “Technology Transfer Together” / TEchTransfer Number of the project: 2020-1-CZ01-KA203-078313 3 Business Business is any commercial activity that earns money when goods or services are provided to customers. Goods are tangible items manufactured by businesses. Services are intangible offerings of businesses that can't be held, touched, or stored. Consumers consume goods and services to satisfy their needs. 4 Project Technology Transfer Together / TEchTransfer Number of the project: 2020-1-CZ01-KA203-078313 Economic System and Business 5 Project Technology Transfer Together / TEchTransfer Number of the project: 2020-1-CZ01-KA203-078313 Source: Lawrence, 2018 Forms of Business Ownership sole proprietorship, a suitable form for new business, partnership, an association of two or more individuals who agree to operate a business together for profit, corporation, a legal entity subject to the laws of the state in which it is formed, franchising, a simple way for a new entrepreneur to obtain know-how. 6 Project Technology Transfer Together / TEchTransfer Number of the project: 2020-1-CZ01-KA203-078313 Advantages and Disadvantages of Business Ownership Forms Task for participants: Create small groups and try to write three advantages and three disadvantages for each form of business ownership. Then each group presents its solution and discuss it. 7 Project Technology Transfer Together / TEchTransfer Number of the project: 2020-1-CZ01-KA203-078313 Start-up definition Start-up is that it is an organisation built to search for a repeatable and scalable business model. Start-up produces innovative products or services with a growth perspective. Typical in the digital economy, medical technologies, education. Start-ups have very low successability because of: lack of finance, team management problems, lack of enough business knowledge, technology lack. 8 Project Technology Transfer Together / TEchTransfer Number of the project: 2020-1-CZ01-KA203-078313 Lifecycle of start-ups 9 Project Technology Transfer Together / TEchTransfer Number of the project: 2020-1-CZ01-KA203-078313 Source: Salamzadeh and Kesim, 2015 How to Set Up a Business Project Technology Transfer Together / TEchTransfer Number of the project: 2020-1-CZ01-KA203-078313 10 Think about a product or service decision about product: to provide products and services established on the market with high demand, to provide new products and