The Small Business Forum
Pre-startup (contd)
- The owner does everything. Main constraints include information, credibility, and resources. As the owner, you do not have full information on the market, the product and clients. Many people will also not trust new businesses, and you may have difficulties finding partners and financiers.
- To overcome the constraints, you need references to enhance credibility market survey, and networking with other people to close the information gap and raise the required resources.
- Costs include the conduct of the feasibility study and business plan, business registration, and the setting-up costs. Financing may largely be your own funds.
Comments, Questions and Suggestions welcome.
drkibuka@thesmallbusinessforum.co.ke
+254-729524219
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