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Guide to Starting a Business

All businesses need expertise in the areas of accountancy, general management, marketing and / or production. A successful business is one that clearly determines its aims, and uses its resources to achieve those aims.  

Am I Ready?

Are you ready to venture into business? Operating a small business is not just about working for yourself, it's also about having the necessary management skills, industry expertise, technical skills, finance and of course a long-term vision to grow and succeed. At the outset it’s important to consider whether you really understand what's involved and whether you're suited to business and self employment. Examine these issues:

  • reasons for getting into business
  • your goals and skills
  • income your business will need to generate
  • Advantages and disadvantages of establishing your own business.

Thinking Of Starting a Business

What do I need before I get started? Before you get started find out if people are interested in buying your products or services. Find out who your competitors are and whether the market can sustain your business. Conduct some research to see whether your idea is really feasible. This will involve gathering, analyzing and evaluating information to help you formulate your business goals.