Best Practices for Professional Postgraduate Programme in Preparing to Set Up In A New Business

Setting up a new business can be a daunting task, especially for postgraduate students who are just starting out in the business world. However, with the right preparation and knowledge, you can increase your chances of success. Here are some best practices for professional postgraduate programme in preparing to set up in a new business:

Practice	Benefits
1. Conduct market research	Identify target market and competition
2. Develop a business plan	Outline goals, strategies, and financial projections
3. Build a strong network	Gain support and connections in the industry
4. Acquire relevant skills	Enhance knowledge in areas such as marketing, finance, and operations
5. Seek mentorship	Learn from experienced entrepreneurs and business professionals

By following these best practices, postgraduate students can better prepare themselves for the challenges of starting a new business and increase their chances of success.

Source: Entrepreneurship Development Institute of India