Challenges for Start-Up Businesses (Leaving Cert Business): Flashcards
📚Flashcards
Practise the cards
10 cards from this deck
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Practise the cards
10 cards from this deck
Pressure created by debt capital
Pressure created by debt capital
Fixed repayment obligations regardless of performance
Primary cause of first-year start-up failure
Primary cause of first-year start-up failure
Insufficient cash flow
Production method for customised one-off products
Production method for customised one-off products
Job production
Production method for moderate volumes of similar items
Production method for moderate volumes of similar items
Batch production
Key benefit of private limited company
Key benefit of private limited company
Limited liability protection
Liability risk of sole proprietorship
Liability risk of sole proprietorship
Unlimited personal liability
Key feature of partnership ownership
Key feature of partnership ownership
Shared decision-making and resources
Main marketing challenge for start-ups
Main marketing challenge for start-ups
No existing customer relationships
Why experienced staff avoid start-ups
Why experienced staff avoid start-ups
Prefer security of established organisations
Three factors affected by ownership structure
Three factors affected by ownership structure
Liability, control, and tax obligations