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Small Business Management

Small Business Management. Raymond Pea Soon Yang Dk Nazihah Bte Pg Ahmad Mohd Ariffin Bin Awg Abidin Nurul Amalina Bte Suhaimi Maisitinadirah Bte Maidin Anis Syahirah Mohd Zaini Nurul Azyian Bolkini Bte Hj Ahmad Aimi Farhanah Bte Hj Alias. List of Contents:. Introduction

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Small Business Management

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  1. Small Business Management Raymond Pea Soon Yang DkNazihahBte Pg Ahmad MohdAriffin Bin AwgAbidin NurulAmalinaBteSuhaimi MaisitinadirahBteMaidin Anis SyahirahMohdZaini NurulAzyianBolkiniBteHj Ahmad AimiFarhanahBteHj Alias

  2. List of Contents: • Introduction • What are the good reasons to start a business? • What are the major uncertainty when starting a new business? • What are the key reasons why governments are keen to encourage • What are the potential rewards to enterprise?

  3. Introduction Business Enterprise: • Which are run to make a profit for a private individual or group of individuals. • Most of business enterprises are privately owned and formed to earn profit to increase the wealth of their owners.

  4. What are the good reasons to start a business? • Pursuing a Passion • Satisfy human needs and wants with the aims of having profit. • Income Potential • All profits belong to the owner • Challenges stretch abilities to the maximum. • To change the trends depends on your ability and creativity. • Self-Expression • Freedom

  5. What are the major uncertainty when starting a new business? • High Commitment • High Risk • Too much competition from established company • Limited Financing • Delayed Profitability

  6. What are the key reasons why governments are keen to encourage startups? • To increase competition, stop monopolies, to benefit the country • Spread the wealth, reduce unemployment, increase GDP, business may grow into larger ones • To create more job in the community through new start-ups • Entrepreneur with new ideas helps to create variety in market and consumers will benefit from • Increase the quantity of products and services, thereby helping the economy to grow

  7. What are the potential rewards to enterprise? • Profits • A sense of satisfaction • Capital growth • Employing more people • Getting an industry award or good publicity • Getting great feedback from customers

  8. Thank You for Watching 

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