Who are the people that will fill these positions and what are their qualifications?
If the owners lack certain skills, such as not having a marketing background, they should make plans to hire people who have those talents.
This cash flow deficit from timing has to be financed somehow.
Strengths and weaknesses refer to the internal characteristics of your company. You should capitalize on the strengths and find ways to bolster and improve the weaknesses.
All partners have unlimited liability, which means all of their personal assets are at risk to the obligations of the business.
Another popular legal structure is a limited liability corporation.
Opportunities and threats are issues that exist in the market outside the company.
Entrepreneurs gain by identifying and taking advantage of opportunities.
No other bakery in the area offers such an extensive choice of cupcakes.
Creativity will be the key to product differentiation. What is its size, and is it strong and growing or is it a mature market?