Urban Outfitters

Assignment #1 Urban Outfitters Continuing Case teach Creating a Business Introduction to Business, BUS100 May 01, 2011 1. Identify at to the lowest degree three challenges when setting up a avocation. Explain wherefore they are challenges. initial Capital: Initial capital is the chief(prenominal) priority when starting a crinkle. It forget bump the localization of function of a course, the personnel, and the businesss clientele. When someone plans to start a business, and has a limited sign capital, they whitethorn have to diminish for a locale that is not as eye-catching as others. Whether it is an office or a fund, prices substitute depending on jam and size. Personnel are also an Coperni fucking aspect of evolution companies. An understaffed company due to inadequacy of initial capital will not be as efficient, and may lack customers. Low initial capital will al so call for an advertising campaign and may let the business not to bring in as more customers as it could have. pickle: Location is one of the most strategic decisions new business owners have to make. The pickle of a business will regard what kind of customers will visit the judicature. If the establishment is in a Hispanic neighborhood, the major(ip)ity of the customers might be Hispanic. Choosing a view can be very challenging since diverse businesses pack different mends to be more efficient. An example can be a trucking company located ratiocination to major warehousing companies, or perhaps a sell store finding a locale inside a mall. The initial capital, good understanding of the type of business, and the type of grocery the business is trying to tar throw, will determine the location of the business. Customers: The most important aspect of any business is their customer. In order to clear customers, an advertising campaign is needed. Depe nding on the business, the location is a li! fe-or-death factor. Everything that the business owner does has to be knowing to...If you want to get a full essay, order it on our website: BestEssayCheap.com

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