CSEC Principles of Business  /  Establishing a business  /  Planning ahead and the rules for business

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Planning ahead and the rules for business

An entrepreneur reduces the risk of loss by planning ahead, and must follow the rules government sets for opening and running a business: registering it, getting licences, paying taxes and national insurance. Paper 1 asks how an entrepreneur reduces risk, and what export licences are for, again and again.

By the end of this page you can

  • Explain why short-, medium- and long-term planning matter
  • Name regulations a new business must follow
  • Say who makes the rules, locally, regionally and globally
  • Explain why governments issue licences

Goals tick themselves off as you try the activities below.

An old office rubber stamp with a black wooden handle and a red base.

Photo: José Rosael and Hélio Nobre, Museu Paulista da USP, CC BY-SA 4.0, via Wikimedia Commons. Cropped (a museum label cropped off), resized, JPEG q72.

Registration, licences and permits: the official stamps every new business needs.

How often it shows up in past papers

All papers15 of 23 papers
Last 54 of 5 · 2023–2026

Paper 1 counts come from our past-paper bank of CSEC Principles of Business Paper 1s. The last-5 row shows how often it came up in the five most recent papers.

Inside this topic

  1. Plans and permitsLocked
  2. The rule-makersLocked
  3. Key termsLocked
  4. Test yourselfmarkedLocked
  5. Practise for real · 13 past questionsLocked