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Being your own boss seems like an idyllic life, away from the drudgery of a 9 to 5 job. Don't be fooled, going freelance, starting your own company or buying into an existing business takes dedication and hard work before you can reap the benefits. Learn about the initial stages of self-employment from developing your business idea to creating a business plan, working out start-up costs, managing cashflow and promoting your business. Find out if you've got what it takes to be an entrepreneur or freelancer.

Video: Entrepreneurial spirit (Duration: 03m01s)

Supplied by: Department for Business, Innovation and Skills

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