More people than ever before are embarking on their own enterprise adventure and starting their own business. Nearly 400, 000 companies were established last year, or 35 percent more than in 2002.
But official statistics also show that more businesses than ever are failing. Last year, a record 40,000 businesses were declared insolvent.
With so many businesses failing it is important if you are thinking of starting a business to plan and prepare properly. This will also increase the chances of securing finance.
"One of the key parts of starting a business is ensuring that the original idea is developed into a fully viable product or service," Judith Rutherford, the chief executive of Business Link for London, says. "Establishing whether there is a market for the product or service is the next step. This should include a thorough examination of potential competitors and customers," she says. "It may also be worth commissioning some m
A. 400,000.
B. 40,000.
C. 300,000.
D. 260,000.
More people than ever before are embarking on their own enterprise adventure and starting their own business. Nearly 400, 000 companies were established last year, or 35 percent more than in 2002.
But official statistics also show that more businesses than ever are failing. Last year, a record 40,000 businesses were declared insolvent.
With so many businesses failing it is important if you are thinking of starting a business to plan and prepare properly. This will also increase the chances of securing finance.
"One of the key parts of starting a business is ensuring that the original idea is developed into a fully viable product or service," Judith Rutherford, the chief executive of Business Link for London, says. "Establishing whether there is a market for the product or service is the next step. This should include a thorough examination of potential competitors and customers," she says. "It may also be worth commissioning some m
A. details of product and market, a budget plan and cashflow forecast.
B. a budget plan, cashflow forecast and a market investigation report.
C. a budget plan, cashflow forecast and contingency plans.
D. a research on the product and market, a budget plan, cashflow forecast and contingency plans.
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