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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?

Registering your business on Companies House

Hiring an accountant

Feedback and surveys

Looking at competitors

Existing data for your industry

Asking for funding from the bank

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

Paying bonuses and commissions

Health and safety

Employment rights

Business plans

Company ethos and values

Data protection

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

Target market

Finance / funding

Executive summary

Contents page

Personal details of employees

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

Profit margin

Competitor analysis

SWOT analysis

Costs / benefits analysis

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