Conducting Market Research
Conducting market research is essential for success—without it, you won’t know if there is actually a market for your product or service. Market research helps you understand your marketplace, find out who will buy your product or service and discover your unique selling point, which sets your...
Creating a Business Plan
A business plan can help you focus and clarify your ideas and business objectives, plan for the future and attract investors and funding. While creating a business plan may sound like an overwhelming task, it is actually quite manageable when broken down into a few simple steps.
1. Executive Summary
The executive summary serves as an outline for your business plan. Although this is the first section wait until all other sections have been completed. It should highlight all main points included in the rest of the plan, including the following:
• Your product or services, the opportunity in the market & financials and forecasts
New Year/New Business - How do you go about starting
Starting your own business can be an exciting and rewarding endeavour. However, it is not without risks. Studies show that 1 in 3 startups in the United Kingdom fail within the first three years. Many times this is because of improper planning, lack of business knowledge, failure to conduct market research or simply setting unrealistic expectations. The following is a general overview of the steps you should take to help ensure your startup becomes a successful one.
How to Start
Most businesses get their start from a single idea. This idea must be turned into a product or service that people will want to buy. The following steps will help you.
New Smoke Alarm Law
Landlords required to install working smoke and carbon monoxide alarms in all properties
Each year, there are an estimated 50 deaths and 1,100 hospitalisations as a result of carbon monoxide poisoning. In response, on 1st October, a new law went into force which will require landlords to install working smoke and carbon monoxide alarms in all of their properties.
The intention of the law is to address the insufficient protection currently in place for tenants. Tenants that live in properties that do not have either a smoke or carbon monoxide alarm are four times more likely to die or be injured in a fire....