Two main reasons:
  • Industrialisation is the growing importance of secondary sector (China & India) 
  • De-Industrialisation is the growing importance of the tertiary sector (UK, USA & China) 
The most common types of government support include: 
  • Low interest loans 
  • Low tax rates on profit in the early years 
  • Free training for workers 
  • Information, advice and support from specialist agencies 
The benefits of a business star-up: 
  • Making a new job 
  • The new entrepreneurs help solve the unemployment 
  • competition with other countries 
  • small businesses help provide goods and services to customers than big business only interesting  in mass marketing 
  • Grow the country economies in the future 
Contents of a business plan: 
  • The business (detail, idea & skills) 
  • The opportunity 
  • The results of business (profit, revenue and cash-flow) 
  • The market (How big is your market?) 
  • The objectives of business (hope and achieve) 
How business plan is important: 
  • The information 
  • The plan to give direction 
  • The objectives and financial forecasts provide the business with targets