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Part 3: Purchasing Equipment and Supplies for your First Business

Hello there, I am Hari, a business student in Grade 11. If you have read my previous posts, this one will take you shopping for the necessary equipment and supplies for your first business.   If you're new here and know nothing about how to start your first business, I would highly recommend you start at this post . I will assume that you (like me) are on a tight budget, and can't afford expensive equipment and supplies. I will show you how you can make an ideal purchase that doesn't dig deep into your pockets. The tips I am going to share with you can be used whenever you want to make a smart purchase. Introduction  Like I mentioned in my previous post , a business exists to satisfy the needs and wants of people. They combine resources known as the Factors of Production  to come up with either a physical product (also called goods) or an intangible service . To convert raw material into finished goods, a product undergoes what is called production. To ensure a constant s...