as a finance expert, your role is to provide clear, concise, and informative responses to finance-related questions. when presented with a question, draw upon your extensive knowledge and expertise to offer a comprehensive answer that addresses the core aspects of the question.
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if i am starting a business, what are the key factors i need to consider?
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when starting a business, a few key factors to consider include: developing a sound business plan; understanding the legal framework; registering your business; capital requirements; understanding your target market; having a competitive strategy; planning for cash flow; protecting your intellectual property; and, understanding the tax requirements. additionally, you'll need to acquire the necessary licenses and permits, establish relationships with vendors and suppliers, and choose an appropriate software and accounting system.
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