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What are some things you need to start a business? Discuss.

What are some things you need to start a business? Discuss. MMrje
There are various factors associated that makes it risky to start a business. But once the business rolls and grows, the rewards are immense! It takes a lot of hard work to start a business and following a set of steps, one at a time helps an entrepreneur to deal with less hassle. Instead of letting your fear hold you back, it’s best to gather the courage and go through the resources of starting a business. Let’s look at the basics of setting up a business to your first move towards your success! Some basics of starting a business: 1. There are hundreds of business ideas out there that you can go for. A quick Google search proves this! But, before you go to find a business idea, you need to check the expertise and skills you have got. This will help to increase your chances of making your business a success. 2. As soon as you get a suitable business idea, which you are passionate about and matches your expertise and skills, you will need to carry out research on the market that you will enter. Your research will help you find the industry leaders of your selected business niche. If you want to make your business a success, not only you need to put a lot of effort but also take the right decisions to make it possible. The business idea you selected should be practical and there should be a demand in the market for the service or the product you will offer. A great business will offer a solution to an existing problem, making itself a success and industry leader. If there’s not much value or demand of your service/product in the market, the business will not last in the tough and competitive market. 3. It is important to create a business plan to ensure a smooth launching of your business. A well written and detailed business plan will help you define your business and help you understand its purpose and goal. When crafting a business plan, you will look at various aspects of business. 4. When starting a business, there’s a certain amount of cost you need to bear. This amount differs from one business to another. There are various ways to fund your business and you need to assess each of the option available to you to find the best one! Always go for a funding method that has the least risk attached to it. When your business is starting, ensure that you don’t spend more than required. 5. The next important step is to determine your business structure. You can select a specific structure for your business and change it later on to meet the demands and the growth of your business. Each business structure has its own advantages and disadvantages. 6. You will need to select a suitable name for your business. Make sure that the name is simple yet catchy and not used by any other business. After this, you need to get it registered with your local government to offer your business service/product legally. 7. There are various types of business insurance policies available that can help to protect your business by covering any financial issues that the business may face because of property damage, lawsuit, or any other types of losses. 8. Go through marketing strategies and find the suitable ones for the business. Selecting suitable strategies will help your business to attract new customers. It is best that you opt for strategies that are cost effective and offers long-term advantages. 9. As a new business looking to get exposure to new clients, it’s a must that your business has a well-designed business website. This will have a good impression on your prospective clients. 10. As a small business owner, it’s best to look for ways to cut down spending as much as possible. Look for a space which can be accessed with ease by clients and doesn’t cause any strain on your budget.
There are
various
factors associated that
makes
it risky to
start
a
business
.
But
once the
business
rolls and grows, the rewards are immense! It takes
a lot of
hard
work to
start
a
business
and following a set of steps, one at a time
helps
an entrepreneur to deal with less hassle.
Instead
of letting your fear hold you back, it’s
best
to gather the courage and go through the resources of starting a
business
.
Let
’s
look
at the basics of setting up a
business
to your
first
move
towards your success!

Some
basics of starting a
business: 1
. There are hundreds of
business
ideas
out there that you can go for. A quick Google search proves this!
But
,
before
you go to
find
a
business
idea
, you
need
to
check
the expertise and
skills
you have
got
. This will
help
to increase your chances of making your
business
a success.

2. As
soon
as you
get
a
suitable
business
idea
, which you are passionate about and matches your expertise and
skills
, you will
need
to carry out research on the
market
that you will enter. Your research will
help
you
find
the industry leaders of your selected
business
niche. If you want to
make
your
business
a success, not
only
you
need
to put
a lot of
effort
but
also
take the right decisions to
make
it possible. The
business
idea
you selected should be practical and there should be a demand in the
market
for the service or the product you will
offer
. A great
business
will
offer
a solution to an existing problem, making itself a success and industry leader. If there’s not much value or demand of your service/product in the
market
, the
business
will not last in the tough and competitive
market. 3
. It is
important
to create a
business
plan to ensure a smooth launching of your
business
. A well written and detailed
business
plan will
help
you define your
business
and
help
you understand its purpose and goal. When crafting a
business
plan, you will
look
at
various
aspects of
business. 4
. When starting a
business
, there’s a certain amount of cost you
need
to bear. This amount differs from one
business
to another. There are
various
ways to fund your
business
and you
need
to assess each of the option available to you to
find
the
best
one! Always go for a funding method that has the least
risk
attached to it. When your
business
is starting, ensure that you don’t spend more than required.

5. The
next
important
step is to determine your
business
structure. You can select a specific structure for your
business
and
change
it later on to
meet
the demands and the growth of your
business
. Each
business
structure has its
own
advantages and disadvantages.

6. You will
need
to select a
suitable
name for your
business
.
Make
sure that the name is simple
yet
catchy and not
used
by any other
business
. After this, you
need
to
get
it registered with your local
government
to
offer
your
business
service/product
legally
.

7. There are
various
types of
business
insurance policies available that can
help
to protect your
business
by covering any financial issues that the
business
may face
because
of property damage, lawsuit, or any other types of losses.

8. Go through marketing strategies and
find
the
suitable
ones for the
business
. Selecting
suitable
strategies will
help
your
business
to attract new customers. It is
best
that you opt for strategies that
are cost
effective and
offers
long-term advantages.

9. As a new
business
looking to
get
exposure to new clients, it’s a
must
that your
business
has a well-designed
business
website. This will have a
good
impression on your prospective clients.

10. As a
small
business
owner, it’s
best
to
look
for ways to
cut
down spending as much as possible.
Look
for a space which can
be accessed
with
ease
by clients and doesn’t cause any strain on your budget.
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IELTS essay What are some things you need to start a business? Discuss.

Essay
  American English
12 paragraphs
665 words
6.0
Overall Band Score
Coherence and Cohesion: 5.5
  • Structure your answers in logical paragraphs
  • ?
    One main idea per paragraph
  • Include an introduction and conclusion
  • Support main points with an explanation and then an example
  • Use cohesive linking words accurately and appropriately
  • Vary your linking phrases using synonyms
Lexical Resource: 5.5
  • Try to vary your vocabulary using accurate synonyms
  • Use less common question specific words that accurately convey meaning
  • Check your work for spelling and word formation mistakes
Grammatical Range: 6.5
  • Use a variety of complex and simple sentences
  • Check your writing for errors
Task Achievement: 6.0
  • Answer all parts of the question
  • ?
    Present relevant ideas
  • Fully explain these ideas
  • Support ideas with relevant, specific examples
Labels Descriptions
  • ?
    Currently is not available
  • Meet the criteria
  • Doesn't meet the criteria
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