Setting up your own business

Thousands of workers in the UK decide to set up their own businesses each year. This exercise outlines some of the steps you need to consider when doing so.
Can you write down the answers to the questions below? You will need to write about 70 – 85 words. Some of the words used in the questions below differ from those used in the recording but mean the same.

1 What do you need to be sure you set down in your business plan?
2 When is it particularly important to have a business plan?
3 What are the three different sorts of businesses mentioned as having different legal structures?
4 What sort of premises is recommended, and why?
5 What are you reminded you must keep?
6 What are you reminded you must meet?
7 What are you warned are ‘considerable’?
8 When would you approach a bank ?
9 What sort of help might you be eligible for?
10 What is the point of going to the websites mentioned?

Answers and notes