Unit 3 Starting a business
Overview
Business topic: starting a business
Would you like to sum up the different types of business(公司类型)?
Sole trader(独立经营店):you are self-employed and set up the business on your own.
Partnership (合伙经营店):you are self-employed and start a business with another person. You are both equally liable.
Franchise (特许经营,加盟连锁店):you buy a license to trade under the name of the franchisor and you benefit from the franchisor’s expertise.
Think about the advantages and disadvantages of different types of business.
Sole trader: you are independent; you are your own boss; you take all the profits; if you go bankrupt, you lose everything.
Partnership : you share the profits and risks with your partner; you may disagree with your partner on strategy.
Franchise :
Franchising enables people to both own a business and get help running it.
A well-run anization can provide a person who has never managed a business with guidance.
Franchisors can provide a brand name, products or services, and financial assistance.
Franchisee have to pay franchise fees and they lose some independence.
As a franchisee, your promotional activities, financial records, hiring, service procedure are not plete control of your own.
P26-2,3,4,5,
P-27-6
Topic 1 Set up your own business
1) Good idea:
You should consider the market need and demand and target at potential consumers. Under the guidance of the idea, you may cater for the urgent need of the customers or solve the problems of the customers. A good idea from the beginning can avoid failure of a pany.
Besides I think knowing your customers is also important. You’d better keep a file of your customers with their names, age, profession and hobbies. Based on their personal information, you may guess the potential needs of the customers and inform them of your product lists at first time .
Apart from the two points, adequate starting capital is also important. Only when you have enough money, can you provide variet
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