2 Setting up a new enterprise
2.1 The enterprise process
Topic
Six stages of the enterprise process:
1 identifying the problem or need or want
2 exploring creative solutions
3 action planning
4 implementing the plan
5 monitoring progress
6 evaluation of successes and failures.
2.2 Types of business organisation
Topic
Different kinds of organisation, including:
• sole trader
• partnership
• limited company
• co-operative
• franchise
• social enterprise: charities, not-for-profit
organisations.
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