Types of Risk
This clip introduces the concept of business risk and risk management. It notes that business risks can generally be classified into four categories: property, market, employee, and customer.
Choosing A Specific Site
This clip explores some of the factors that go into the decision about where to locate a business once the region and city have been chosen. Depending on the type of business, factors to consider include: the physical attributes of the space, access...
Selecting the Right Location: Region and City
This clip looks at some of the options for where to locate a business. The initial decision involves what region and then what city in which to locate. Some of the factors that go into the decision include location of customers, competition and supp...
Small Business Incubators
This clip talks about the option of starting a company as part of a small business incubator, which is essentially a shared facility of resources.
Home-Based Businesses
This clip explores the pro's and cons of having a home-based business. The primary advantage is the cost savings. One disadvantage can be a sense of isolation.
Leases
This clip talks about leasing, and makes the point that it's generally a good idea to utilize a team of experts in the leasing process. This team will typically include an attorney, an accountant and a real estate agent.
Market Research Data: Primary vs. Secondary
This clip explains the difference between primary and secondary data, noting that each can be valuable in its own way for the entrepreneur seeking to gauge the prospects for success.