Expert Advice for Navigating Professional Postgraduate Diploma in Features of Preparing to Set up a New Business

Are you considering pursuing a postgraduate diploma in business to prepare yourself for setting up a new venture? Here is some expert advice to help you navigate through this journey successfully.

Key Features of Preparing to Set up a New Business

Key Aspect	Statistics
Market Research	80% of new businesses fail due to lack of market research
Business Plan	Only 50% of businesses have a formal business plan
Financial Management	82% of businesses fail due to poor cash flow management
Marketing Strategy	60% of businesses struggle with marketing their products/services

By focusing on these key aspects, you can increase your chances of success when starting a new business.

Remember, a postgraduate diploma in business can provide you with the knowledge and skills necessary to navigate the complexities of entrepreneurship. Make the most of this opportunity and set yourself up for success!