Factors to consider going into business

[Victor72]

there are many factors to be considered before going into business, first of all you must also consider the location of the place you are about to build your business. second you need to consider the interest rate of the business if it is well profitable for you

 

[Onyinye]

Before starting up business, one need to put some factors into consideration. These factors includes
1 idea: before engaging in a business consider if you have good idea about the business.
2 capital: do you have enough capital to start the business.
3 Resources : consider the availability of resources etc

 

[Segat]

Going into a business with a friend is not a bad idea at all in fact to me is the best, or I don't think someone can do anything business with an enemy. Anyways in doing so you must have clear terms and conditions written well documented and signed by the parties involved.

 

[Gerardchris]

6 things to consider before starting a business

• Turn your idea into a plan. Every entrepreneurial journey starts with an idea. ...
• Self-discipline. This may be one of the most important qualities for an aspiring entrepreneur to have. ...
• Be flexible. ...
• Follow your passion. ...
• Listen to the pros. ...
• Find a nurturing environment for entrepreneurs.

 

[Adegbindin deborah]

The four main factors to be considered before going into business, business space,capital,labour, and a manager. Any businessman that want to succeed will not forget to put these factors to consideration because this is the bedrock of every businesses.

 

[Sariana23]

The main factors that I take into account to start a business are: type, brand and quality of the product, then the ideal place, competition, demand, accessibility, attendance of the target audience, marketing, availability of capital, etc. There are many more, but from my point of view they are the main ones to start a business.

 

[Eodine]

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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

I like how you have broken down the major factors to consider before starting a business, starting a business is a task that should be handled carefully and also planned. Planning could be in the field of skill, the market strategy and the capital to start the business.

 

[zahidhussain]

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.

there are lot of factors to start a buisness first of all chek the demand of the area to start the buisness second check your strength about the buisness also chek the customer demand.If you have no job then you can start your buisness in small area also select the charming place

 

[Blessings um]

One of the factors to be considered when writing a business plan,one is the location for the business, secondly capital and type of business intending to go for

 

[Mawome]

The only thing that I consider before going into business is the type of business that is involved, is it a business that gives you some money on daily basis? This Is what any business man must put into consideration before going into the business, you don't just jump into any business you see.

 

[Rom90]

Factors to consider before going to business
Firstly, we need to have orientation about the business we wanted to invest into
Secondly, we have to consider the location, is the place w good selling area for our business
Is the location near to where we are living or far.
Thirdly, are people selling the same product with many or not.

 

[Luckboy]

Knowledge or Expertise
Once you know what business you want to start, you will have to start gaining the required knowledge and expertise to start that business.
This might take a lot of research and planning; but at the end all these efforts will ensure that you have everything in place to get your business idea off the ground

 

[Dowenship]

Just ensure that you put your financial balance in order because if your financial balance is not into order the business will crumble

Quote Of the today!
Don't depend on people to survive! Depend on your self and I Am, he will surely help you.

 

[Samson19]

1. You must have the idea of the business you are going to
2. You must have knowledge and experience about the business
3. You must start up the cost of production
4. Capital and finance
5. Competition
6. Location and
7. Staff

 

[Princeeffiong]

There are so many things to consider before going in to a business. Firstly, ask yourself what kind of business do i want to go into, will i be producing for the middle men or for the final consumer. Then you will then proceed to how much will it cost me to set the business, where will my business be located. What will be the strenght of your staff.

 

[Yomiside]

Factor to be consider are enomus, but the most important one is your ability to be persistence inspite of difficulty. Because is a must and when it come. Giving up should be last time on your mind. You have to keep keeping on that's the only way to succeed in any endeavour.

 

[sam386150]

There are a lot of factors you need to consider before starting business, first of all you need to know that business is a risky work especially when you are not disciplined enough, so you need to be very careful so that you may not involve your money into a financial risk.

 

[Mastercoded]

before you go into business, consider the following factor.
have a good financial base.
give goods and services that needed in your locality.
prepare for competition.
prepare for success or failure.
have a mentor.

 

[Samson19]

When going to a business you must know the knowledge about the business you are going into,to get profit.
You must know the Idea or knowledge about the business.
You must know the market demand.
You must have capital and finance
Competition.
Location.
Technology.

 

[Chris Jo]

It is important to put some factors in to consideration before venturing into a business. One important factor is the target market!..do you have a market where you can sell your products and make profit?..If a market does not exist for your product, then you need to think twice!..

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