This week I have just submitted the second assignment after researching into the external factors that affect the workshop. After partaking in the assignment, I now have a deeper understanding of how the workshop not only needs expertise in the field and a basic business acumen. There must also be a consideration on a wide variety of areas such as education factors, advertising, insurance, finance and laws. These all interplay with one another to help the workshop business achieve its maximum potential to be successful.
While it is never a guarantee for success, but good preparation and thorough research can definitely help the workshop business much more than it hastily going into the industry without proper development. The presentation of the learnings of this semester will shown next week in front of peers.
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