1. Evaluate opportunities
Before embarking on a new venture, starting a new business or
adding a new group to your existing business you should test your
new opportunity by using an evaluation model. We see too many
people with a business idea, who neglect to undertake basic
research and due diligence. Do not make this mistake.
Preparation is the key to success.
2. Watch out for non-compete restrictions
If you are considering leaving your current job to set up a
business in the same industry, you should take care to ensure that
you are not in breach of the terms of your employment
agreement. Anything you create while you are still employed
may belong to your employer.
3. Protect your assets