small business idea: life coaching online business

1. What should you seek legal advice on your contractual rights and obligations and to clarify business liabilities?

2. What is it important to investigate and assess products/services which you intend to obtain from suppliers to determine procurement rights?

3. What is the difference between a patent and trademark? When would you use each one?

4. Why should you consider your business plan when negotiating and securing contractual

procurement rights for the goods and services, including contracts, which you will use in your

business?

5. Analyse your current or proposed business and describe at least 6 persons/organisations with

whom you are likely to enter into commercial agreements.

6. Consider your current proposed business. Using appropriate sources such as the internet or

newspapers, locate one option for leasing suitable business premises and one option for buying premises. Describe each option and state which one best suits your needs. Explain your choice.

7. List 7 key areas which would be addressed in a lease.