Identify sources of potential cost overruns

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Reference no: EM132623140

Objectives
• Identify sources of potential cost overruns
• Identify potential methods of growth for the venture

Description
Every new venture encounters unforeseen events, obstacles, and costs that must be overcome. As the business begins to establish itself, it is tempting to increase spending at a rate faster than the business plan has foreseen. It is critical that the entrepreneur have a process in place to control ballooning costs.

Instructions

1. Review Chapters 13 and 14 in the text and the other required content.

2. Read:
o Start Up Donut. (n.d.). Controlling costs - Checklist.

3. Prepare a checklist of your own business methods for controlling costs, followed by a description of the methods you will use. Your resulting paper should be 4-5 double-spaced pages in length, not including a title page or references..

4. Review the rubric for this assignment.

5. Submit your assignment through the link below.

6. Your instructor will review and grade your idea and return it with comments.

Reference no: EM132623140

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