You don’t need a degree in business studies to run a successful business, but you do need to know some basic economics (you sell and your customer buys).
You also need a modicum of common sense, which is often sadly lacking in those who fail in their attempts to run a business.
The first stage in setting up a business is to draft a business plan, which will identify whether the business will generate a profit and provide a living wage for yourself.
It is important that this task is undertaken first, because if the business does not look like a goer at this stage, it will be a waste of time devoting any further effort to it.
The drafting of a business plan is so key to the creation of a successful ...