The Starting A Business V2 Quiz
2.
Your business plan should clearly state: What your business will do, your approach to pricing, the products or services you will provide and how customers will access your products or services.
4.
In choosing a company structure, consider that;-
A Corporation's debt is not considered that of its owners, so personal assets are not at risk, and a corporation can retain some of its profits without the owner paying tax on them
7.
Good market research and a thorough business plan tells investors that you have thoroughly studied your market sector, and your competitors. You understand your potential customer-base and you are prepared for the possible financial hurdles ahead.
9.
Market research is about anticipating and minimising risk, Identifying potential clients, Market potential and Market size
10.
When agreeing to be a director, bear in mind that;-
Directors are personally subject to statutory duties as directors of a company. They are personally liability, both civilly and criminally, for their actions or omissions, and can be disqualified from acting as a director of a company.