MBA

Each year in the UK alone, around 800,000 new companies start up, according to Microbiz Magazine, but only a third of them survive beyond five years.

Developing an idea for a new product or service and launching a new business is an exciting entrepreneurship moment. From planning out logistics to identifying your target customers, having a viable new offering to take to market is an impressive feat.

For entrepreneurs, creating a business plan before you launch into your startup enables you to clarify what your strategy is, what you’re selling, who your customers are, and the viability of your idea before you start a business.

Small businesses can be exciting, hands-on places in which  to work with a great deal of passion invested in them – but their modest size can make them more vulnerable to market shocks.

Successful leadership in a business administration role needs a blend of technical, interpersonal and strategic skills to run a successful business while earning the respect of your team and stakeholders.