There are thousands of companies out there who are geared up to teach the novice entrepreneur how to run their new fledgling. In this day and age of 24 hour social media and online video support, one can’t help wondering if there’s any point in going to Business school at all. Well the quick answer is yes, most certainly there is. The courses are carefully planned and designed by lecturers and business professionals who know their craft inside out and upside down. They know everything that could possibly be needed by the start up and a massive amount besides. From the outset, after your first ideas of being a business owner, they can show you the best possible method for getting the remains of your business planning under way with creating your own strategies and unique value proposition. They will be able to explain in minute detail how to respect intellectual property, including caring for other peoples’ ones which is important; however, not as critical as teaching the start up newbie how to care for their own Intellectual property; monetising any patents they have managed to take out and protecting trademarks. Another big item at the start is being able to confidently recognise the difference between Sole Trader; Ltd; LLP; CIC or CIO status.
Something else that is vital for the novice to be taught is the importance of market research and how to gain and make the most of free access to world class market data bases within the gift and scope of the business school chosen. Essential business interests and databases allied to how to tap into every bit of useable funding and look at useful grants, loans and maybe even crowd-funding. Another important issue these days is how to promote the business, which channels will be right for your kind of business. so much experience in a nutshell! .
