When it comes to starting your own small business, getting the basics right can be a challenge. Whether you’re entirely new to the profession or you just lack business experience, there are a whole host of factors and considerations to bear in mind in order to maximise your success. Below, we have put together some of the most important factors for you to look at before setting up shop.
Even the most original business ideas have competition, and the chances are that yours is no exception. By carefully following what your competitors get up to via social media, the internet and through friends and family, and conducting a simple competitor analysis, you can save yourself time and money, and focus on delivering a product or service that your competitors are failing to do so.