The Starting A Business Quiz
1.
Market research is about anticipating and minimising risk, Identifying potential clients, Market potential and Market size
2.
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.
3.
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
5.
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.
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.