P.2: The factors that need to be considered to start up a micro-business.

Models for business opportunities
Business activity:   Tertiary sector	Purposes: Provide services to businesses and customers Meet the wants and needs of consumers   Key features: Adds value through customer service Can be labour intensive Uses resources from a range of primary and secondary sector businesses e.g., energy and finished goods Plays a bigger part in developed UK economy.
Processes:	Processes differ between businesses. Manufacturing Takes inputs e.g., raw materials and processes them to produce an output e.g., a finished good   Outsourcing and sourcing Provide goods or services to other businesses (B2B) e.g., offering catering services Using the services of other business to procure materials, components or services Acting as a middle person between businesses or businesses and consumers e.g., supplying personal cooking service in home or business   Channels to markets Routes from business to consumer e.g., online or physical, face to face or remote, direct or through multiple intermediaries
Organisational form:	Flat organisational structure, Decision making roles centred on major shareholder Responsibilities direct manager to subordinate

Adapted from - Hilton (2023, A) - Models for business opportunities