Factors to consider going into business

[Genialboy]

The following factors should be consider before venture into any business,basic infrastructural development needed for the day to day running of the business ,such as electricity, good road network,.
.Nearness to raw material needed for the business.
.Nearness to market.
.customers needs.
.strength of the business.
.threat to the business.
.opportunities for the business to excel.
.weakness of the business.
.competition.and
Financial strength

 

[Kunkun]

Beginning a business is typically an energizing time for dominant part individuals. Being your own chief, dealing with your own time and funds excites many individuals. With this energy, it is workable for one to simply hop into business without earlier arranging. Absence of legitimate introductory arranging can be tragic to the business owner(s) over the long haul when reality with regards to the business climate sets in.

 

[akinlolu99]

The creation and promotion of the web has presented a huge influx of changes to business, and in the manner in which the world works together. Truth be told, the web made the worldwide commercial center more available by means of quick associations and lines of correspondence. Albeit the advantages of web organizations conveyed heaps of new favorable circumstances for organizations, the web additionally made burdens for some plans of action. Video rental organizations were supplanted by real time features, the smaller plate blurred with the innovation of MP3 records and in the end streaming information, too. Book shops .

 

[Jimmie150]

There are a lot of factors one should consider before setting up a business. This may include the customer, the kind of product you wish to sell or service you wish to render, the location and also product availability.

 

[Damismiling]

What are the factors to be considered when going into business y some if the factors I think are appropriate to consider are one the reason for the business what problem can the business solve and who are my customers

 

[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
To gain back lost customers, you must understand why you loose them in the first place, what customers ask themselves Is; Is your products Solving my problem? Am I deriving utility for his product? Then get feedback from them, hear there Testimonies and complains, here there suggestions, and work on it, you can also do incentives, give out some products for free, you may need to contact them aswell, improve your products to compete with competitors aswell.

 

[KvngMurphy]

Two factors to consider while going into a business
1. Turn your idea into a plan
Every entrepreneurial journey starts with an idea. But how can you bring your idea to life? Take some time to lay out a rough business plan, and anticipate the challenges you’ll face.

2. Self-discipline
This may be one of the most important qualities for an aspiring entrepreneur to have. You are at the heart of your business idea, meaning that you will be the one to hold yourself accountable.

 

[Segshowee]

The following factors should be consider before venture into any business,basic infrastructural development needed for the day to day running of the business ,such as electricity, good road network,.
.Nearness to raw material needed for the business.
.Nearness to market.
.customers needs.
.strength of the business.
.threat to the business.
.opportunities for the business to excel.
.weakness of the business.
.competition.and
Financial strength

I really can't agree less with your writeup. There are some factors to consider when starting a business. You must do your SWOT analysis to determine your strength, weakness, opportunity and threat. You must consider the road network for easy transportation. Also proximity to raw materials and market must be considered too.

 

[Mostee501]

There are so many factors to consider when one once to start a business,involve a professional,conduct market search, review the best option gathered from different ideas then the sky will be your limit.

 

[GIFTMICHAEL]

The following factors should be consider before venture into any business,basic infrastructural development needed for the day to day running of the business ,such as electricity, good road network,.
.Nearness to raw material needed for the business.
.Nearness to market.
.customers needs.
.strength of the business.
.threat to the business.
.opportunities for the business to excel.
.weakness of the business.
.competition.and
Financial strength

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All this factors are very nice when you consider this factor your business will definitely move forward. Nearness to market is one of the most important factor to consider. If your business is near to where you can sell your goods and services definitely you will start your business there.

 

[Donkiz]

Before going into any business, it's important for you to have a good knowledge of how the business works, without that it might be difficult for you to succeed in the business. Also you will need to do a feasibility study to check if the business will be successful in your location, who the competitors are, what they are doing and how you can make your business stand out. And most importantly, how much is needed to start and sustain the business till it start making profit.

 

[idhans]

The following factors should be consider before venture into any business,basic infrastructural development needed for the day to day running of the business ,such as electricity, good road network,.
.Nearness to raw material needed for the business.
.Nearness to market.
.customers needs.
.strength of the business.
.threat to the business.
.opportunities for the business to excel.
.weakness of the business.
.competition.and
Financial strength

There are quite some things you must consider before going into any business. Your targeted customers is one of the most important factor. When you are doing your adverts before, or after you get the business started, you must channel all your energy to your targeted customers which depends on the kind of products you want to sell.

 

[Oliver 20]

Before going in a business you need to be "flexible"When you have your strategy and thought solidly set, it very well may be difficult to acknowledge the need to make changes. While this is reasonable subsequent to investing tremendous time and energy into creating one thought, it's imperative to be available to changes.

 

[jay]

The factors to consider are
1. The problem that needed solving
2. How to solve the problem
3. Location of the business
4. Working capital to set it up
5. The returns
6. Expansion.

 

[Lawal]

Factors to consider when going to business are the owner of the business must know what is going to do in the business , he should know more about the business before investing in the business
He should also consider the season of the work

 

[Trexxxy]

All these factor are important to check and verify before citing a business location, all these factors are dependent on the type of business you want to set up. Capital is important as well, backbone of every business.

 

[Jlife]

all the sponsors just listen does it mean that all must be in a perfect place before I can think of starting up a business because as far as I know I do not need all this thing before I started a business but if I started my business I can grow my business to me double the standard.

 

[Genialboy]

There are quite some things you must consider before going into any business. Your targeted customers is one of the most important factor. When you are doing your adverts before, or after you get the business started, you must channel all your energy to your targeted customers which depends on the kind of products you want to sell.

Thank you,but I mentioned customers needs above, which is the most important factor to considered before venture into any business

 

[IamDozzy]

There are four main factors to be considered when going into business are Business space, Capital, Labour and a Manager.
Before you go into business, you must have and office or at least a production space. There must be employees to carry out tasks, you have capital to fund the business before it starts getting profit and a manager must be employed to coordinate the activities of the business in your absence.

 

[Joseph555]

Beginning a business is typically an energizing time for dominant part individuals. Being your own chief, dealing with your own time and funds excites many individuals. With this energy, it is workable for one to simply hop into business without earlier arranging. Absence of legitimate introductory arranging can be tragic to the business owner(s) over the long haul when reality with regards to the business climate sets

Any businessman that want to succeed will not forget to put these factors in consideration because this is her the bedrock of every business for example the nearest of the business to the market if the market is not near 3 final consumer that is weird the business will suffer losses an excessive temptations 2 the financial strength this is very phenomenal because with the financial strength the business can move greatly