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12 different points about: What It takes to start Your Own Business -…
12 different points about:
What It takes to start Your Own Business
confidence
initiative
resilience
determination
being a team worker
a risk taker
a hard worker
having to do research and receive advice to help starting - up the company
Having to create that business into a career, or area that you have interest with.
Having to research your target market
By understanding who are your customers, want do they want, what size of the market.
Research your competitors:
For what they are about, and their strengths and weaknesses. As well as if your selling a product in that company, how does that product stand out, and how it's better than the competitors.
Researching The prices:
By researching what is the most suitable price for your product or service, what do your competitor's charge , what your customers are prepared to pay an making sure it's a fair amount.
making sure its not too cheap but not too expensive
Having to pitch your idea for your business to other stakeholders and potential customers
Having the right amount of equipment and products, for that business to function and profit.
Where would you sell the product and services ? do you need a physical location or can you do it online?
Write a business plan
while making the plan, make sure your goals are clear and realistic
your marketing ideas
financial projections
To help gain information about " assessing your insurance needs, tax and national insurance, and by checking your legal responsibilities."
Making sure it relates to the product or service you intend to provide
It relates and works with the target audience you are trying to receive
the risks that the company can got through and you you will manage them
By using Careers Wales as an example, you can use organisations to help you gain funding for your business
Providing the information/rules that you need to tell your staff and any people you need to employ
Keeping your location for the company small
To spend less money on space and more to invest your business with
Finding the best suppliers
better quality of the product/ service you can provide for customers
to gain better quality of materials and resources for that product
having to learn and studying the ways of marketing online, to expand your target market by using networking