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How to Start Your Own Business

How to Start Your Own Business – People often dream about starting their own business but don’t fully realise the ... Show more
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About the course

How to Start Your Own Business – People often dream about starting their own business but don’t fully realise the implications of what this involves. Given the back-drop that nearly a half of all businesses fail in their first year, it is critical that you have all the knowledge at your disposal to make an informed decision about whether running a business is right for you.

This is an introductory course for anyone who has recently set up a small or micro-business, or for anyone who is considering setting up a small or micro-business, or is considering self-employment as a career option. As such, this course considers the key elements and issues that you need to think about and explore.

This How to Start Your Own Business course will allow you to:

Learn key steps to increase your chances of success and minimise risk.

Understand how to market your business, identifying competition, pricing and branding strategies

How to handle and recruit staff and administrative issues.

In addition, at the end of your course you will be invited to create a business plan and pitch it to one of our expert academics. This will be an excellent opportunity to put the knowledge you’ll have gained into practice, whilst also allowing you to take advantage of the feedback and guidance provided by our experienced tutors.

Course Details

This course is made up of 5 units, which cover a range of subject areas, please see below for more information:

Unit 1 Thinking of starting a business

  • The problems and potential of small-business start-up
  • Sources of information
  • Why start a business
  • Personal skills
  • The realities of starting a business
  • Success v failure
  • Your business idea
  • Am I suited to running a business
  • People and roles
  • Business start-up expenses
  • Sources of money
  • Finding premises
  • Financial issues
  • Legal issues
  • Practical issues

Unit 2 Finance for business start up

  • Looking after your money
  • Budgeting for personal survival
  • Financial responsibilities
  • Common causes of financial failure
  • Financial control
  • Expenses
  • Employing staff
  • Pricing
  • Cash flow
  • Profit and loss account
  • Balance sheet
  • Performance ratios
  • Credit terms

Unit 3 Marketing for business start up

  • What marketing is
  • Definitions of marketing
  • Marketing in practice
  • Understanding customer needs and wants
  • Using marketing strategy
  • The 7Ps of marketing
  • Turning prospects into customers
  • Types of marketing message
  • Writing marketing material
  • Websites
  • Newsletter marketing
  • The marketing plan
  • Classic marketing mistakes

Unit 4 Business planning for business start up

  • Purpose of a business plan
  • Demands and limitations of business planning
  • Basic aspects of business planning
  • Business plan format
  • The executive summary
  • The business
  • SWOT analysis
  • Products and services
  • Marketing
  • Financials
  • Business planning top tips

Unit 5 Communicating for success in business.

  • Networking
  • Defining communication
  • The communication cycle
  • Noise
  • Barriers to communication
  • Spoken word – general considerations
  • Written word – general considerations
  • First impressions
  • Non-verbal behaviour
  • Active listening
  • Written communication
  • Email etiquette
  • Writing marketing copy for your business

The fee for enrolling onto this course is £399.

Students can make payment using one of the following methods:

  • Credit or debit card
  • Bank transfer
  • Interest free monthly instalments
  • Paypal
  • Western Union

All course material
Dedicated student support
Access to an online social learning forum

This course is most suited to individuals who are at least 16 years old, and have an interest in setting up a new business.

How to Start Your Own Business
30-Day Money-Back Guarantee
Course details
Quizzes 1
Level Beginner
Full lifetime access
Access on mobile and TV


Working hours

Monday 9:30 am - 6.00 pm
Tuesday 9:30 am - 6.00 pm
Wednesday 9:30 am - 6.00 pm
Thursday 9:30 am - 6.00 pm
Friday 9:30 am - 5.00 pm
Saturday 10:00 am - 4.00 pm
Sunday 10:00 am - 4.00 pm
Vijay Verma
Vijay Verma
I wholeheartedly recommend the London Academy of Business and Management to anyone aspiring to excel in the field of business. This institution not only met but exceeded my expectations, making it a clear choice for those seeking a comprehensive and valuable business education.
Hasna K
Hasna K
highly recommend LABM for those seeking a great education and career development!
Mariam Omar
Mariam Omar
Exceptional experience at the London Academy of Business and Management! The courses are comprehensive, the faculty is knowledgeable, and the support provided is top-notch. I've gained invaluable skills and insights that have immensely benefited my career. Highly recommend this institution for anyone seeking quality education in business management.
Jahnavi Gunda
Jahnavi Gunda
konda saiuday
konda saiuday
The dashboard's subject structure is straightforward and user-friendly, so you can quickly keep track of your progress. The materials were quite helpful, with a lot of detail and examples that assisted me with my homework. I strongly believe London Academy of Business & Management is good in helping students reach their passion in this business world. I enjoyed my association with LABM and hope that continues with every individual. Happy Learning.!
Fawad Sediqi
Fawad Sediqi
We are Extremely happy to being part of LABM.As it’s A great choice for great destinations. ♥️
faheem azimi
faheem azimi
Joining the London Academy of Business and Management is one of the best decision that I have made in life. It is very affordable and professional Online Academy.
Shahwazir Shahrzad
Shahwazir Shahrzad
Highly recommend LABM.
Swetha Panidapu
Swetha Panidapu
I appreciate the tutoring assistance I received because studying on your own can be difficult at times. The modules are highly thorough, and there is a long list of resources available. I can gladly claim that LABM has served as a long-term mentor to me.
Chaitanya Mattapalli
Chaitanya Mattapalli
Their online education portal has bundle of courses to upskill our business management skills. They also help students to get admissions in finest universities of UK.
mustafa sediqi
mustafa sediqi
London Academy of Business and Managment is one of prestigious academic institutions in the world! I feel like I am getting a great education for a price that isn't ridiculous, This school also provides many research opportunities, which I am excited to take part in. LABM is also a great place to study from your own comfort zone, It is a great experience studying here.
Nissreen Chadli
Nissreen Chadli
Marwah Ahadyar
Marwah Ahadyar
Outstanding service
sumayayay 1
sumayayay 1
Outstanding higher education service!
Mariam Hussein
Mariam Hussein
H h
H h
Idil Yusuf
Idil Yusuf
doea smith
doea smith
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