Start Up

3. Start Up

Startup ideas

FAQs on General Start Up

In this section of the FAQs we answer your questions on Start Up. To find the answer to your question just click on the question in the menu below.

  1. 3.43 – How do I value a startup business?
  2. 3.42 – What is Drop Shipping?
  3. 3.41 – What is “churning management”?
  4. 3.40 – What is Minimum Viable Product (MVP)?
  5. 3.39 – What is the goodwill value of a business?
  6. 3.38 – What is the difference between owning a business and having a franchise?
  7. 3.37 – What is the survival rate of small businesses?
  8. 3.36 – Do I need a lawyer to start a business?
  9. 3.35 – Should I start my own business or buy an existing one?
  10. 3.34 – How do I open a business bank account?
  11. 3.33 – How do I raise money for a startup?
  12. 3.32 – Should I trade as a sole trader or an LLC?
  13. 3.31 – Should I take on a partner in my startup?
  14. 3.30 – How much money do I need to start up a business?
  15. 3.29 – What is the first step in starting a business?
  16. 3.28 – How do I choose a business name?
  17. 3.27 – How do I undertake market research?
  18. 3.26 – Should I have a written business plan?
  19. 3.25 – How do I get press coverage for my startup?
  20. 3.24 – What business tasks should I outsource?
  21. 3.23 – How do I employ the right people in my business?
  22. 3.22 – What is the best way to fund my startup?
  23. 3.21 – How can I protect my intellectual property?
  24. 3.20 – Should I take out a mortgage on my house to fund my startup?
  25. 3.19 – How do I turn my product or service into a real business?
  26. 3.18 – How do I differentiate my product from the opposition?
  27. 3.17 – What is a value proposition?
  28. 3.16 – Should I quit my job to pursue my startup?
  29. 3.15 – How do I manage my business time?
  30. 3.14 – Should I employ someone or should I hire a subcontractor?
  31. 3.13 – How can women overcome the obstacles to setting up a business?
  32. 3.12 – What is the meaning of “rate of return on investment”? How is it different from net profit and return on assets employed?
  33. 3.11 – How do you work out pricing for a new business?
  34. 3.10 – What is the average expected net profit for a small business?
  35. 3.9 – What are the differences between mark up, mark down and gross margin (or gross profit) and their percentages?
  36. 3.8 – How long does it take a new business to establish a good public image?
  37. 3.7 – How do you value a going concern business that you are thinking of buying?
  38. 3.6 – What are the most important factors that cause small business failure?
  39. 3.5 – What special obstacles do women face when going into business?
  40. 3.4 – What are the basic survival skills you need to run a business?
  41. 3.3 – How can you get information on the best business to go into?
  42. 3.2 – Should I be a sole trader or a limited liability company (LLC)?
  43. 3.1 – What trading style should I use in my business?