Introduction to Business Assignment Example | Topics and Well Written Essays - 1000 words

Introduction to Business - Assignment guinea pigWhile raising capital to start a small business, an individual shtup start by financing the businesses himself. Several benefits such as retaining all the profits are associated with this form of financing, but if a small business need to grow large then it needs to look for other options (Alterowitz, 2007. P.14). future(a) best alternative is to ask for assistance from family members and relatives for finance. For this subprogram an entrepreneur has to make the effort of making his relatives get word that he/she has a great investment plan and will be quite successful. In precise rare instances family and friends invest in a business if an entrepreneur faces such a scenario, he/she can obtain assistance from the political sympathies (Great Britain, 2006, p.18). Government has various plans where they finance small businesses or provide funds in shape of grants to entrepreneurs to start up their own business. If an entrepreneur is not eligible for such government support options, the business can obtain a loan from banks to start small businesses. Due to ill fortune of large businesses and the risk of high amount of loss associated with large businesses, banks and governments are more willing to finance small businesses. One of the major decision made by a manger is to identify the follow of producing a product and then price the product according to make profit when they sell their goods and services. For this purpose they can use activity based costing method, by using this method they can conduct the cost of an activity.