There are many challenges involved in running a small business successfully. The range of knowledge and practical skills required can surprise a new entrepreneur who is just keen to get their idea off the ground. It is important to find good advice that is relevant to the country or local area where the business will operate.
Here we look at some quick tips provided in a YouTube video, and give some pointers for finding other sources of advice.
Watch this video from the Young Entrepreneurs Forum.
Resource bank activity
Find four other resources giving advice on running a small business. Ideally these will be ones relating to your own country/local area.
Examples of places to look:
- Governmental small business advisory service (leaflets or website)
- Reputable bank that offers banking services to small businesses (leaflets or website)
- Networks for business owners (e.g. local chamber of commerce, LinkedIn groups)
- YouTube videos (you will need to assess how reliable the video author is)
If you find resources on the internet, add them to the resource bank for this course by using the instructions below.
The resource bank is hosted at bookmarks.oeru.org. The system uses tags to search for related resources. Log in and vote for resources you find useful. Please use the following tags for this activity:
Required tags: : ient101, ient101a3-1
Suggested tags: : small business, small business advice (or other descriptive tag(s))
Quicklink: : ient101a3-1
Learning Journal Blog
In your Learning Journal Blog, reflect on one or two pieces of advice that you have found in the resources. How do these impact on how you would develop the business idea that you generated in Learning Pathway 1?
Tag your post
Remember to tag or label your post using the course code: IENT101 (This is needed to harvest a link to your blog post in the course feed.)