Case Study

Case Study

Three challenges when setting up a business are:

* 1. Financing. Does the manager have adequate wealth to fund the possibility of the finance as well as its ongoing operations? Many times the manager has enough financing to free-spoken their doors but they run into wealth flow troubles and end higher losing their finance because they have went incorrect to examine that the finance has ongoing wealth flow requirements. Excess growth can be a factor, and financing limitations can obstruct growth, or growth can outstrip financing and start a liquidity crisis.

 * 2. Securing an Appropriate Location. In retail, position can be a trade maker or a trade breaker of the success of the firm. The breeding of goods can have a high impact on the appropriateness of a given location.

 * 3. Legal Issues: Patents and trademarks must be attached on the unique goods, the call picked for the finance must not be too interchangeable to another business' to the point of causing confusion, it must be an appropriate call that will detect the kinds of goods and services submitted, and it must be eye-catching so as to attract population into the store or to pay for the goods or service that is being submitted if the finance is not in a storefront but must be traded through other channels - the Internet, for example.

 

“Niche” goods are a goods (or service) that is a sub segment of a expanded goods market, and the "niche" goods has special or unique qualities that attract paying customers interested in those unique qualities that the customer will regularly compensate extra currency for. Niche goods regularly cannot be granted by expanded financial collections because the customer foundation is small, or the goods are difficult to mass produce. Another way to say it is that the ...