Step Three - Starting Your Own Business

The idea stacks up, so what now?

There are many issues which need to be addressed when starting a business. Given you’ve done research which shows a need in the market, then you should consider your business idea from all angles:

• marketing and promotion which show how you’ll reach your customers and generate sales, how many and at what price
• distribution: how you’ll get your products to the market
• location and production: where and in what premises will your business operate and how will you produce your product or service, what equipment, supplies and maybe staff will you need to get the sales you’ve predicted?
• operational and managerial perspectives: what systems need to be in place to…