ABSTRACT
This chapter provides the new business owner, with sufficient knowledge to successfully run own business, an insight into the level of knowledge of taxation, general management and the legal framework that will need to successfully grow business. The high level of failure does not put off those who wish to start their own business, as the desire to set up in business, especially among people in their twenties and thirties, has increased significantly. Howard Schultz started his business the classic way, which is to work in a business long enough to know the ropes and then set up on own. Konosuke Matsushita, the founder of Panasonic, displayed a quality that is essential in the successful business owner, which is a strong belief in self and product. Konksuke believed that business should create wealth for society as a whole, as well as for shareholders, and he was a major contributor to charity.
