TOPIC 6 STARTING A NEW ENTREPRENEURIAL VENTURE

INTRODUCTION
This chapter will examine types of ventures that the entrepreneur can start the legal structures for new business ventures, and sources of capital for entrepreneurs.

OBJECTIVES
At the end of this topic, you should be able to:
1. explain the types of ventures;
2. describe the phases in the start-up;
3. examine the steps and processes in the buying of an existing business ventures;
4. identify the advantages and the disadvantages of the start-up and buying of an existing
business venture;
5. examine the franchise structure, advantages and disadvantages;
6. discuss the legal structures for new ventures; and
7. identify the sources of capital for entrepreneurs.

In the United States of America, studies indicate that more people are working to start their own business than getting married or having babies! One out of every 25 adults is actively involved in trying to start a new business.

Zimmerer and Scarborough, Entrepreneurship and Small Business Management

This chapter will examine types of ventures that the entrepreneur can start the legal structures for new business ventures, and sources of capital for entrepreneurs.

OBJECTIVES
At the end of this topic, you should be able to:
1. explain the types of ventures;
2. describe the phases in the start-up;
3. examine the steps and processes in the buying of an existing business ventures;
4. identify the advantages and the disadvantages of the start-up and buying of an existing business venture;
5. examine the franchise structure, advantages and disadvantages;
6. discuss the legal structures for new ventures; and
7. identify the sources of capital for entrepreneurs.