Final answer:
Key actions in establishing a business include conducting market research, crafting a business plan, seeking legal and financial advice, registering the business with government agencies, and setting up the workplace and team.
Step-by-step explanation:
When establishing a business, there are several key actions necessary to ensure success. First, you should conduct a market research to understand your customers, competition, and the industry as a whole. Next, craft a robust business plan, detailing your business structure, product or service offering, marketing strategy, and financial projections. Seek legal and financial advice to select the best legal structure and to manage accountings. Register your business with appropriate government agencies, securing necessary licenses and permits. Finally, organize your workplace, establish your team, and begin marketing and sales efforts.
Learn more about Establishing a Business