What is this Section?



What is this Section?
This is the Research area. It is the section that researches and assesses whether to proceed to start a business or not.

The following sections called Set Up, Start, Grow and Close then follow.


What the 8 Research Stages mean:

  1. Research - Stages 1, 2 – Research and Assess then decide to start or not
  2. Set Up - Stages 3, 4, 5 – Set Up and Start the business
  3. Start/Grow - Stages 6, 7 – Run and Grow the business
  4. Close – Stage 8 - Close the business if necessary 


The Stages:

Research & Assess

  • Stage 1- Before Anything (Think and talk about everything first)

  • Stage 2 - Before Proceeding (Do research, finances and feasibility)


Set Up

  • Stage 3 - Set Up the Basics (Complete legal and financial things)

  • Stage 4 - Organise premises and install equipment etc (Now buy and install everything) 

  • Stage 5 - Put in systems and staff (Hire staff and develop accounting and other systems )


Start/Grow

  • Stage 6 - Run the Business (Business is now in operation)

  • Stage 7 - Manage, Control, Grow, Succeed, Rescue (Grow and Succeed your Business)

Close

  • Stage 8 - Closing Stage – Exit or Close (When the business has to close up for some reason)