What are the most important things to consider before starting a small business?

Develop a solid business plan that outlines the goals and objectives of the business.

Research the industry and target market to identify potential competitors and customer needs.

Secure adequate funding and financial resources to support the business.

Obtain necessary permits, business licenses and legal documents.

Establish effective marketing strategies to attract and retain customers.

Choose an appropriate location to set up the business.

Hire qualified staff to manage and operate the business.

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