Factors to consider going into business

[Victor72]

Before going into any business you must consider the amount of money needed to start up the business and also the interest rate of the business, if it is good enough for you.

 

[Setho]

When going into a business, you should consider all the things that can bring you profits and loss. This should include your skill, the type of business you want to create, the environment in particular, the sources of capital for your business and what you achieve in the long term.

 

[Victor72]

One of the factors to be considered before going into business is the terms and condition of the business, this is how you know if the business will ne comfortable for you to handle or not

 

[Queentener]

There are many factors that needs to be considered before going into business but a lot of entrepreneur only focus on the gain and this mentality kills business. When venturing into business your main aim should be the quality of service you want to render.

 

[Jumoke12]

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 find this write up so useful and I am going to make sure I put everything into consideration especially in my newly launched mini importation business.

 

[UncleD]

I will add the nature of the business and proper planning to the list. The nature of the business will help you identify your target audience and know how to go for them. Besides, planning will help you to think properly and put everything in place even before starting. It is a common saying that proper planning prevents poor performance.

 

[Kunkun]

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.

Capital is important no doubt, then in-depth knowledge in the said business then all the listed factors. Every business has it's risk that's why lots go under so proper knowledge is important with capital

 

[Ehizzy1]

The most important factor to consider is discipline , you have to be very much discipline when starting your business and you need more dedication too for your business to grow

 

[Oloritoks]

The major factor that should be considered before going inti business is the targeted customers and patronising community that propelled one to established such business

 

[Setfragil]

There are so many factors to considered before going into any business. You must first consider the capital you have for the business startup. You need to consider the type of business you want to do and you need to consider the business location.

 

[Ziki]

There were numerous factor to consider when going into business. One major is the market available for your product. It is important to consider how fast you'll sell your products.

 

[joy101]

Factors to consider before going into business, you need to prepare before starting a business business need to be prepare, because you need learn about business.

 

[Kennysplash]

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

You are definitely spot on with your points, you have highlighted it all. I think what i will add is advertisement strategies. There should be a way you would reach the general public and create enough awareness.

 

[Kelly5]

If your business has something to do with production requiring raw materials, you should really consider closeness of raw materials to the sitting of your business

 

[Hopey]

When starting a new business or before going into a new business i think the first thing the person should find out is convinction and passion. Why do you want to venture in to the business and at you convinced that you can take the risk
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There are several factors to consider when venturing into a business. Demand is one of the most important factor to consider. Does the business you want to do thrive well in the area

 

[Erik4150]

You need to some expirience if you want to succeed in business. You must seek help from a mentor who has been in the business longer than you for guidance.
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Insufficient capital is the major factor that hinders aspiring entrepreneurs from starting a business. When there is not enough money you cannot start a business.

 

[Setfragil]

If your business has something to do with production requiring raw materials, you should really consider closeness of raw materials to the sitting of your business

This is a valid point as closeness to raw materials in business is something a business owner can not just overlooked especially if the business deals in production, it will helps reduce the costs of transportation and helps speed up production process.

 

[Adebola]

One of the major factor to consider when going into a business is access to adequate capital as that's the most important thing on which a business is built

 

[Ziki]

There are several business to consider. Personal I think location of a business is a crucial factor to consider. Location of business can determine the rate profit you make daily.

 

[Josemendez]

Among several factors considered when starting a business , capital is an important aspect ,because it is what makes the business stable . There is no way a business will survive without good financing