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Are you ready to take the leap and start your own business? The Postgraduate Programme in Setting Up Your Own Business provides valuable insights and strategies to help you succeed in the competitive world of entrepreneurship. Here are some best practices to consider when launching your own business:
| Best Practices | Statistics |
|---|---|
| 1. Conduct Market Research | 80% of businesses that fail do so because of a lack of market research. |
| 2. Create a Solid Business Plan | Businesses with a well-thought-out business plan are 50% more likely to succeed. |
| 3. Build a Strong Online Presence | Over 70% of consumers research a company online before making a purchase. |
| 4. Network and Build Relationships | 85% of jobs are filled through networking. |
| 5. Stay Agile and Adapt to Changes | Businesses that are able to adapt to changes are 60% more likely to survive. |
By following these best practices, you can increase your chances of success as you launch your own business. Remember, entrepreneurship is a journey filled with challenges and opportunities. Stay focused, stay determined, and never stop learning.
Source: Entrepreneurship Institute