Question: What are some of the things that people can do to start a small business?

Sample Answer (The AREA technique):

Answer: Some of the things that people can do to start a small business include developing a business plan, conducting market research, securing funding, and establishing a legal structure and marketing strategy.

Reason: Starting a small business requires careful planning and preparation, and it is important to take the necessary steps to establish a solid foundation for the business.

Example: For example, a person starting a small business may conduct market research to understand their target customer and competition, develop a business plan outlining their mission, goals, and strategy, secure funding through loans or investment, and establish a legal structure such as a sole proprietorship or LLC.

Alternative: While these strategies can be effective for starting a small business, it is also important to recognize the potential for individual variation and to focus on strategies and practices that align with individual needs and preferences.