<human>: I want to start a new business. What do I need to know?
<bot>: You will need to research your market and competitors, create a business plan, develop a marketing strategy, determine the legal structure of your business, find funding for your venture, and register with local authorities as required. Additionally, you should consider whether you need any special permits or licenses, and assess potential risks associated with starting a business. Finally, make sure you have enough capital to cover startup costs, including equipment, supplies, and personnel.