Dr Emma Smith, a business expert at Cool Ventures, answers some of the most common questions from aspiring entrepreneurs.

Question: I haven’t got a business plan yet. Do I need one?

Dr Emma Smith, a business expert at Cool Ventures, answers some of the most common questions from aspiring entrepreneurs.

Question: I’m considering starting a business, I think I’ve got a good idea…will it work?

If you run a small business it’s natural to think that increasing your sales will automatically generate more income for yourself. But getting more customers doesn’t always lead to healthier profits as some business owners find out to their...