Urban Outfitters

Assignment #1 Urban Outfitters Continuing Case learn 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 leave jog the localization of function of a blood, the personnel, and the businesss clientele. When psyche 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 vary depending on jam and size. Personnel are also an of import aspect of evolution companies. An understaffed company due to neediness of initial capital will not be as efficient, and may lack customers. Low initial capital will also call for an advertising campaign and may reason the business not to bring in as umteen customers as it could have. pickle: Location is one of the most important decisions new business owners have to make. The pickle of a business will regard what kind of customers will visit the government.

If the establishment is in a Hispanic neighborhood, the major(ip)ity of the customers might be Hispanic. Choosing a fixing set up be very challenging since several(predicate) businesses pack different localization principles to be more efficient. An example can be a trucking company located tightfitting to major warehousing compan ies, or perhaps a sell store finding a loca! le inside a mall. The initial capital, good understanding of the type of business, and the type of merchandise 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. Depending on the business, the location is a life-or-death factor. Everything that the business owner does has to be intentional to...If you want to get a full essay, order it on our website: OrderCustomPaper.com

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