Do You Have Basic Business Knowledge?

No it won't be easier! You will have to work hard and to begin with for little money and long hours BUT you can start to take it easier if you grow your business make money and employ people to help you grow it..

False....you can operate in a number of ways other than as a registered Ltd company... seek advice as to your best options from a business advisor or accountant.

Large Businesses offer better pay, stability and benefits to their employees.

While it may help to have qualifications there are plenty of people who have succeeded in business without any formal qualifications!

Profit is what you're measured on... Orders mean nothing if you can't satisfy them because you haven't the cash to buy or make the goods to sell... Cashflow is KING! without positive cashflow you can quickly end up in major trouble...An accountant from the start can help prevent you make very basic mistakes and save you money..

You can trade up to the VAT threshold without registering... although you may want to register before then to be able to claim back the VAT on your purchases. See your accountant or business advisor.

You can work from home and ride a bike... but unless you have a business plan and a bank account it will be VERY difficult to get started!