Starting up a new business can be very confusing for newcomers. They often need advice to help them on their way. Fortunately, it is readily available from a number of sources.
Governments often create agencies whose purpose is to advise would-be entrepreneurs on what’s involved in setting up a business, whether it will be how to raise finance, or how to cope with the legal responsibilities involved. In some areas, governments also provide grants or loans to those who are planning to start up a new business. There may be stringent criteria applied to these in some cases, meaning that not everyone is eligible for them. For example, grants may be offered only to those who fall within a certain age range, or who are members of ethnic minorities and so forth.
Banks also often have specialist staffs who are employed to give advice to those who want to start up a new business. Of course, banks themselves are often approach and asked to provide loans which will help fund the new business so it makes sense for them to go a bit further and offer more broad-ranging advice. Banks often have leaflets which they make available to prospective entrepreneurs. They will give tips on how to approach investors to raise finance, how to device and present a business plan, and how to develop and implement a marketing plan.