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Starting a small business

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Question 1 of 4

What are some ways to research your target market?

Asking for funding from the bank

Feedback and surveys

Existing data for your industry

Registering your business on Companies House

Looking at competitors

Hiring an accountant

What are some of the legal requirements you will have to consider when starting a business?

Paying bonuses and commissions

Data protection

Health and safety

Business plans

Employment rights

Company ethos and values

What informative sections should your business start-up proposal contain?

Executive summary

Finance / funding

Personal details of employees

Target market

Contents page

Which one of the below is a good technique for identifying your own strengths and weaknesses as an entrepreneur?

Competitor analysis

Profit margin

Costs / benefits analysis

SWOT analysis

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