Competitive Environment: Competitive Environment

761 Words2 Pages

COMPETITIVE ENVIRONMENT
As in every business sectors the presence of other competitors must be felt.in the early stage of this business,venture capitalist have to be attracted to be able to make sure that this business should expirence a steady growth rate (WETZEL, 1990).Given their high level of experience in managing past business,working together with other knowledgable employees,it will be easier to penetrate the competitive environment.Here it is important to know who are your customers.To be able to exploit the competitive environment,it is important to identify your competitor ,know their strength and their weakness.Identify at what price are they selling their products,what are the different communication tools are they using, also …show more content…

FINANCE. Most businesses in their first year have the problem or difficulties to prove their worth in order to have financial benefits (Robort Wiltbank, 2009).In this light most businessees generate their finance from personal savings and some times from friends.due to this lack of sufficient capital it may be difficult for the firm to make surplus profit as most at times they can manage to stike a balance.In this …show more content…

TOTAL CAPITAL:5000,000frs
EXPENDITURE:
Cost of chicks- 1000,000frs
Equipments and Rents- 1000,000frs
Labour - 2200,000frs
Promotion and Publicity – 800,000frs
TOTAL EXPENDITURE: 5000,000FRS
After runingthe business for one year,the estimated cash in flow will

Open Document