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AU / Finance / FINC 3620 / talitha smith auburn

talitha smith auburn

talitha smith auburn

Description

School: Auburn University
Department: Finance
Course: Small Business Finance
Professor: Talitha smith
Term: Fall 2016
Tags: finance, Finc 3620, Talitha S. Smith, Small Business Finance, and Lecture Notes Chapter 1
Cost: Free
Name: FINC 3620, Small Business Finance Chapter 1 Lecture Notes
Description: This is the first lecture notes for chapter 1 (8-22-16) Covers handout (Not added) Finc 3620 Talitha S. Smith Small Business Finance Lecture Notes Chapter 1
Uploaded: 08/23/2016
2 Pages 163 Views 2 Unlocks
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FINC 3620, Small Business Finance Chapter 1 Lecture NotesWe also discuss several other topics like finc 7660 class notes

Talitha S. Smith

Small Business Finance

Lecture Notes

Fins 3620 2-22-16If you want to learn more check out What table is used to interpret a marginal distribution?

✱Handout✱ “Top 10 Reasons Why Small Business Fail”

        -just skim read, not overly detrimental, just know

  1. Procrastination
  2. Ignoring the competition
  3. Ignoring Customer Needs
  4. Incompetent Employess
  5. Lack of Versatility
  6. Poor Location
  7. Cash Flow Problems
  8. A Closed Mind
  9. Inadequate Planning
  10. Sloppy or Ineffective Marketing

_ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ We also discuss several other topics like Give examples of technologies that are based in Physics.

Chapter 1

  • Learning Objectives...

        1. Explain the rationale behind starting a small business

        2. Discuss the history of entrepreneurship in the U.S.We also discuss several other topics like uf the2000

We also discuss several other topics like What is the central role of Chemistry?

Why Start a Business

        -Small businesses are an essential element in our economy.We also discuss several other topics like Explain the natural process of nitrogen.

                • The U.S. Small Business Administration (SBA)

                     -Provides Statistics proving their importance

                          •23mil small businesses account for 54% or U.S. sales.

                          •Small businesses provide 55% of all jobs.

                          •started in 19

Fortune 500

        -Every business starts small

Economies of Scale

        -Large firms can obtain economies of scale.

                 •A condition that allows the long-run avg. cost to continue downward as production

                increases.

                -Advertising is cheaper per unit for Walmart

                -Cost per Unit in Manu.

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