Notes : Starting a business Class 11 Notes | EduRev

Created by: Rahat Sen

Class 11 : Notes : Starting a business Class 11 Notes | EduRev

 Page 1


Starting a Business (Made By- Rahat)
Selection of line of business: Selection of a line of business can depend on many 
factors. Consumer preference is one of such factors. Sometimes, an altogether new 
business segment can also be explored.
Size of the firm: Size of the firm depends on the financial capability of the 
entrepreneur.
Choice of form of ownership: Choice of ownership also depends on the financial 
capability of the entrepreneur.
Location of business enterprise: Location of business enterprise depends on many 
factors. Availability of raw materials, infrastructure, workforce, etc. govern the choice of 
location of a business enterprise.
Financing the proposition: Financing depends on the financial capability and stage of 
the business. A small business can be started from personal finance resources. A large 
business may need venture capitalists or bank loans or even shareholder’s money.
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