Formal Business Report

Business report on Starting a small Business Name: University: Date Due: Letter of Transmittal Name: Contact: Date: Prof.Leah K. Robinson Technical and business writing DepartmentUniversity: Dear Prof. Leah The enclosed is a copy of “Business Report on the topic, "What is involved in starting a small business?" in Humber college. This report summarizes the findings of my work that I completed in the winter 2011 on small business starting in Humber college environs. It is aimed at helping the future management and running of SMEs in my nation and it serves as an addition of information to the studies carried in this field. I completed the study in the allotted budget and time frame. A fully completed copy of this report will also be sent to the chairman of the department, and dean of the school to be used for the fulfillment of my educational certificate. As promised in the proposal, this report contains information on starting of SMEs. From research, I have deeply analyzed what is involved in starting, running a small business and its management. The report contains the key knowledge and skills that are required when running small enterprises, the risk involved and why many businesses fail in the first year of business. It outlines the recommendations for the continued long-term survival of SMEs. Incase you have any questions, suggestions or comments in regard to the interpretation to the report kindly contact me. Thank you for your cooperation and support in seeing the success of this report. Sincerely, Name:Enclosure: Final Report Table of contents Abstract……………………………………………………………………..................4 Executive summary…………………………………………………………................4 Main Text……………………………………………………………………...............4 Write a business plan………………………………………………….............5 Determine how you will make a profit………………………………..............5 Start with more savings than credit……………………………………............5 Protection………………………………………………………………...........5 Start small………………………………………………………………..........6 Get it in writing…………………………………………………………..........6 Keep your edge………………………………………………………..............6 Hire the right people……………………………………………………..........7 Create the right kind of employee relationship…………………………..........7 Settle bills, taxes and other liabilities on time……………………….........7 Methodology………………………………………………………………………......7 Recommendation………………………………………………………………….......8 Conclusion………………………………………………………………………….....9 References………………………………………………………………………………..10 1.0 Abstract After extensive filed study on st...