creating an setting up a business

• A entrepreneur needs to identify gaps in the market and a need for a product they can do this by using market research
• when they are confident with their business idea they than write a business plan which describes the aims and the main objectives and how they will be achieved
• Than they need to decide what form of legal ownership will it be registered as, entrepreneurs of small set up businesses often set up as a sole trader
• The entrepreneur needs to raise money and acquire all other resources that they need to get the business running such as staff, equipment, and raw materials ETC
• Businesses can be set up via online examples include- ETSY, EBAY AND ASOS