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Task 4 By using example from local business analyse how various aspects/issue will affect preparation for the opening like of this business use the following table: Issues that will be preparation of the business Market Research The Marketing methods to be used Financial issues to be considered Social Consideration in the community Aims and Objectives The External influences on the business Checklist of evidence Written report required Criteria covered by this task. M2 Analyse the different legal and regulatory issues that will affect preparation for business. Task 5 Evaluate the issue that need to be considered when starting a business, include in your comments: The qualities I have to start a business The factors that need to be considered when starting and running a business The possible advantages/strengths of starting and running your own business Strengths of running your own business Weakness/disadvantage of running your own business Opportunities/Advantages presented in running your own business The threats posed to the new business