Start up and growth of the business explain where the business concept came

Start up and growth of the business explain where the

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Start-up and growth of the business : explain where the business concept came from and how the person got into business. Where did initial financing come from? Describe how the business has grown. What methods or strategies have been employed to grow the business? Competitive position of the business : describe any competitive advantages the business may have. Does it have unique selling proposition? What are its strengths and weaknesses? Critical issues facing the business : describe the key critical issues facing the business today. These might include increasing competition, lack of skilled labor, financial pressures, increasing costs of production, government legislation, family succession issues, unionization, etc. Key opportunities/threats facing the business : if your team was running the business what opportunities do you see in the future i.e. Expansion, franchising, new products, etc. What threats does the business face in the future? Recommendations : putting on your consultant’s hat what recommendations would you make to grow or improve the performance of the business?
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  • Summer '16
  • Shyam Vyas
  • Entrepreneur Profile

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