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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

Asking for funding from the bank

Existing data for your industry

Looking at competitors

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

Health and safety

Business plans

Employment rights

Data protection

Paying bonuses and commissions

Company ethos and values

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

Executive summary

Target market

Contents page

Personal details of employees

Finance / funding

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

SWOT analysis

Profit margin

Costs / benefits analysis

Competitor analysis

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