Business Tip: Write a business plan. If you’re not sure how, ask someone with a lot of business experience. A solid business plan will guide you going forward.

Business Tip: Market research allows you to understand the competition. What similar products and services are out there already? How will yours be different?

Business Tip: Talk to people within your intended market demographic and get an idea of how they would react to your product or service.

Business Tip: Identify your market. Researching the market that you are thinking of entering is essential to determine if you are on the right track.

Business Tip: Get inspired. Read the start-up stories of successful businesses on websites, in books, or at events for people starting a business.

Business Tip: Don’t be overly concerned by the economy. Some of the best businesses have launched during a recession.

Business Tip: Unless you’re an excellent writer, hire a copywriter to compose your advertising and emails targetting customers.

Business Tip: Make sure you understand the legal side of things, or hire someone who does. This means making sure your business is registered and pays taxes.

Business Tip: Develop a business concept that you’re passionate about, and make sure it’s related to something that you have experience with.

Business Tip: Make sure you understand the labour laws so that your employees are getting their due leave and benefits. A lawsuit is expensive.