Day 1

Are you ready to start a business?

Key areas we will cover on day 1:

defining 'small business'

setting goals for a business

managing a work-life balance

choosing a business idea

undertaking market research

understanding the competition and business environment

avoiding the pitfalls of starting a business.

What is a small business?

How do you define a small business? Interestingly, there seems to be no universal definition. Various government authorities have suggested definitions that centre around ownership, turnover and assets. I think it comes down to simply the number of people employed within the business. Yes — just this one, simple measurement. I think one to four people represents a microbusiness, and five to ...

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