Small Business Start-Up Coursework Example | Topics and Well Written Essays - 500 words

Small Business Start-Up - Coursework Example2. Jane and Michael have also prepared a break-even chart, showing fixed costs, total costs and total revenue. In doing this, they have assumed that the highest number of orders they could cope with is 2,500 a month. Your second task is to prepare this break-even chart.Michael and Jane plan to apply a wide range of merchandise strategies for their business. Key among the strategies to be applied include but not limited to personal selling, fliers, posters, rack cards and signage. The entrepreneurs have decided to use the fol measlying promotional strategies owing to the fact that they are quite economical, easy to apply and the fact that their area operation is quite limited. For instance, the market niche for the business involves serving the moneyed homes ofThe entrepreneurs are interested in maintaining contact with their loyal customers. This is to ensure that the business does not lose their loyal customers to their competitors. Mic hael and Jane will employ techniques such as electronic mail to frequently contact their customers.Considering that Michael and Jane are still youths with limited skills in analyzing information relating to market patterns it is obvious that an individual will place a considerable low confidence level on the survey results of the young entrepreneurs.