Start a business in eight simple steps

Here is a simple eight-point plan to get you started when setting up your own business.

Step 1: Figure out your target market

■ From the outset, market research is essential in helping you to identify your target market and customers.

■ It will also help you to identify your competitors and how to compete effectively.

■ Market research will establish the real potential for your product or service.

Step 2: Identify your ...