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Are you a professional pursuing a postgraduate diploma in business and looking to set up your own business? Here are some essential features you need to know to prepare yourself for this exciting journey:
| Feature | Description |
|---|---|
| Market Research | Conduct thorough market research to understand your target audience, competitors, and industry trends. |
| Business Plan | Create a detailed business plan outlining your business goals, strategies, financial projections, and marketing plans. |
| Legal Requirements | Understand the legal requirements for setting up a business, including registering your company, obtaining licenses, and complying with regulations. |
| Financial Management | Develop a solid financial management plan, including budgeting, cash flow management, and financial forecasting. |
| Marketing Strategy | Create a comprehensive marketing strategy to promote your products or services and attract customers. |
By focusing on these key features, you can better prepare yourself to set up a successful new business and achieve your entrepreneurial goals.
Source: Data compiled from industry experts and business professionals.