Factors to consider before venturing into any business

[Neta Sam(Samuel Odunlade)]

You need to really prepare before starting your business, understand your business, plan for it and then ace it. The first thing is what is your purpose of starting a business, who are your target audience, are they youth or adult or children are the closer, that is proximity, is your market far from the or close to them? You need to consider he market structure, you also need to consider your competitors are they giving out the same products with the same price check those things out

 

[Oluwole]

The market is the first thing to consider before you invest on it, where to get raw materials and how to reach the market for the people that need it for final consumables. The out let to sell market is important.

 

[Bangiszz]

A Business Idea.

Information or Expertise.

Market or Demand.

Start-up Costs.

Capital and Finance.

Rivalry.

Area.

Staff.