What you have learned in this section

• The business starts with a great idea to provide a product or service that is needed.

• It is essential to do research to make sure the location is correct, that people want and will pay for your product or service and that there is not too much competition.

• There are different business structures that can be used, each has pros and cons. It is advisable to get professional help when deciding on a business structure.

• The checklists help you get the essential information together to help decide on an appropriate structure.