Top Strategies for Overcoming Challenges in the Extended Postgraduate Programme in Preparing to Set up a New Business

Setting up a new business can be a daunting task, especially for postgraduate students who are still in the process of completing their studies. However, with the right strategies in place, you can overcome the challenges that come your way and successfully launch your new venture. Here are some top strategies to help you navigate through the extended postgraduate programme and prepare for setting up a new business:

Challenges	Strategies
Lack of time	1. Prioritize tasks and create a schedule 2. Delegate responsibilities when possible 3. Use time management tools and techniques
Financial constraints	1. Seek funding options such as grants, loans, or investors 2. Create a detailed budget and stick to it 3. Look for cost-saving opportunities
Lack of experience	1. Take advantage of mentorship programs 2. Attend workshops and seminars related to entrepreneurship 3. Network with experienced entrepreneurs
Market competition	1. Conduct thorough market research 2. Differentiate your product or service from competitors 3. Focus on building a strong brand identity

By implementing these strategies, you can overcome the challenges that come with preparing to set up a new business while completing your postgraduate programme. Remember, perseverance and determination are key to success in entrepreneurship.

Source: Data compiled from various entrepreneurship resources and industry experts.