Business Creation
Process of starting new business from concept to launch.
Real World
James Dyson spent five years and over 5,000 prototypes developing his bagless vacuum cleaner before launching Dyson Ltd in 1993, going through every stage from concept to funded operations.
Exam Focus
For 'analyse' questions, link business creation stages to specific risks — underfunding, poor planning, and lack of market research are examiner favourites.
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