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Chart Increasing

Unit 1 - Introduction To Business Management - QB

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Briefcase

Unit 2 - Human Resource Management - QB

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Money Bag

Unit 3 - Finance & accounts - QB

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Direct Hit

Unit 4 - Marketing - QB

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Factory

Unit 5 - Operations management - QB

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Bar-Chart

Unit 6 - Assessment

<ul>
	<li>It&#39;s what your business will do.</li>
	<li>Can be simple like house-cleaning or fancy like manufacturing.</li>
	<li>Real-world example: Imagine you noticed everyone in your town loves spicy food but there&#39;s no spicy chip shop. Boom! Your business idea could be a spicy chip shop. 🌶️🍟</li>
</ul>

<ul>
	<li>Market-Driven: The market tells you what they want!</li>
	<li>Product/Service-Driven: You have to convince people they need what you offer.</li>
</ul>

<ul>
	<li>Where&#39;s the business location? 🏢</li>
	<li>What&#39;s the cool business name? 🤔</li>
	<li>Legal stuff: What type of business? (e.g., Corporation, sole trader) ⚖️</li>
	<li>How will the biz operate day-to-day?</li>
	<li>Got the essentials? (Suppliers, customers, government services) 📋</li>
</ul>

<ul>
	<li>Dive into Market Research! Find out what makes your biz special.</li>
	<li>Real-world example: Say you want to start a grocery. Research might show too many general stores. But maybe there&#39;s a gap for a grocery specializing in... unicorn-themed snacks! 🦄</li>
</ul>

<ul>
	<li>Addresses ALL things before starting.</li>
	<li>Helps potential partners, investors, and banks believe in you. 💰</li>
</ul>

<ul>
	<li>Every country has rules for businesses: registration, licenses, taxes, etc.</li>
	<li>Know the laws to avoid surprises (and fines)!</li>
	<li>Real-world example: You can&#39;t just bake cookies at home and sell them everywhere without checking health regulations and getting a business license.</li>
</ul>

<ul>
	<li>Find funds to start the biz.</li>
	<li>Might be from your savings, or you might need investors.</li>
	<li>Real-world example: Imagine pitching your unicorn snack idea to an investor like on the TV show, &quot;Shark Tank&quot;. Will they bite?</li>
</ul>

<ul>
	<li>Launching is the final step but test first!</li>
	<li>Start small, see the reaction.</li>
	<li>Adjust based on feedback.</li>
	<li>Real-world example: Before opening a big restaurant, maybe start with a small pop-up stall or food truck to see what dishes people love the most</li>
</ul>

Remember! Starting a business is thrilling but risky. Statistics say many new businesses fail. But with the right idea, research, planning, and flexibility, you increase your chance of success. 🚀

&nbsp;

Study tip: Always connect these steps with real-life businesses or your own mock business ideas to better understand and remember.

&nbsp;

Happy studying! 🌟

Unit 1 - Introduction To Business Management - QB

Unlocking Success: Essential Steps for Start-Up Businesses

Table of content

The biz idea! 🧠

Types of business ideas 🌐

Business basics - checklist! ✅

Perfecting the business idea 🎯

Unlock the Full Content!

Unit 1 - Introduction To Business Management - QB

Unlocking Success: Essential Steps for Start-Up Businesses

Table of content

The biz idea! 🧠

Types of business ideas 🌐

Business basics - checklist! ✅

Perfecting the business idea 🎯

Unlock the Full Content!