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This includes marketing, finances, sales, managing Job Function Email List information technology etc. Critically, you need to examine the skills required by this business opportunity and compare them to your own skills. Do you have the Job Function Email List skills required to undertake this business? If not, can they be acquired readily? Are you even interested in acquiring these Job Function Email List skills? Organizational Skills This examines Job Function Email List the skills required by the business. It asks how many additional staff will be required to operate this business idea.
Will you need to recruit new Job Function Email List workers? If so, what skills and competency levels will be required. Do you know how to recruit these staff members and are you able to effectively induct and train these new recruits? Do you have sufficient knowledge as Job Function Email List to the legal aspects of employing staff? Are you aware of regulations relating to salaries and wages, taxation, workers compensation, workplace safety and equal opportunity? Do you know where to go to obtain this information? Financial Issues This takes Job Function Email List a detailed look at the financial issues relating to the business idea. This includes the all important questions of what capital is required to start the business and how will you raise the required capital.
What is your estimate of profitability after all costs, including tax, Job Function Email List have been deducted? How much do you require to live on per annum? How long will it take to breakeven. You also need to examine your own skills in Job Function Email List relation to managing the finances. Are you able to do your own bookkeeping? Can you manage cashflows? Do you Job Function Email List know where to go for expert financial advice? Sales and Marketing This looks at what you expect your sales and marketing strategy to be. It takes a look at how much time and money will be allocated to the sales and marketing function and determines what the most cost-effective promotional methods should be.