Factors to consider going into business

[Skysaint]

There virtually alot of factors that demands attention before venturing into a business. Such as the location of the business, means of advertisement, demand for the commodity you have to offer, and a whole lot more. You need to make an actual proper research

 

[Richard92]

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

Factors for you to consider when going into business is the location of the business and also the capital that is involved in running such business.

 

[Yusuf1]

This is really a good point from you. Having a business very near to the market is very important and this will Make the marketing of the business very easy to do

 

[Ralphjoe]

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.

You really brought my man back to our secondary school business training which has to deal with the SWOT analysis and we all know that's what stands for strength weakness opportunity and threat. This really signifies the fact that before a business can be started you need to consider distraint and opportunity that is available to that business and then the business should make good use of this strength and opportunities that is hard and it should also read into it which nurse and threat to it.

 

[Sotherefore]

There virtually alot of factors that demands attention before venturing into a business. Such as the location of the business, means of advertisement, demand for the commodity you have to offer, and a whole lot more. You need to make an actual proper research

Over here the most important thing that I will consider when I am starting up a business is the location and good transportation road network because those are the important things to consider.

 

[Mayox25]

Things to consider when starting a business include availablity of capital, proximity to source of raw materials for a manufacturing company, nearness to market, customer base, government regulation etc.

 

[Dowenship]

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

As long the business owner can draw up a plan regarding this listed steps you have mentioned, i think the business will grow in short time...

 

[Ceeny007]

First of all you need to draft a feasibility study report for the intended business,it must consist of strength, weakness, opportunities and strength

 

[Snazzy001]

Of course you have to put plenty factors into consideration before you think or consider going into business. Availability of capital and your advertising capacity

 

[Immilash1]

Factor to consider to stop by and sell the building and sell it when the price is low for what you look at me I know the building and sell it when the price is low and

 

[Immilash1]

The building unlike me because the building unlike buying a old house is low and earning the price andsell and sell it also depends if what on it you spend suggest they and

 

[Kane]

If you do not have any income source, and if you have funds you can start a business. However, if you already have a good income source and do not have funding, it is advisable that you think twice before starting a business

 

[Chibson]

Starting a business is not a small task and as such anyone who wants to go into a business must put many things into consideration; such as financial capacity and location of the business and so many things.

 

[Favouredgirl]

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

Things you must consider before starting a business you must make sure you are ready, you have the finance required to run the business, you must know the risk and be able to bear the risk, you must know how to maximize your profit, you must have in mind that if not properly handled you stand the chances of losing instead of making profit.

 

[Solutionav]

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 right, looking at all this factors being able to apply them well, venturing into any business won't be a challenge but also consider human factor that is you being focus, diligent and also hard working will really promote the business

 

[Ezekiel]

Factors to be considered when going into business are
I. Purpose of running the business
Ii. Customer needs
Iii. Localization
Iv. Capital needed

 

[eLdavis]

Factors to be considered when going into business are
I. Purpose of running the business
Ii. Customer needs
Iii. Localization
Iv. Capital needed

The first one you mentioned is one thing so many business owners overlook. They don't tend to consider this part as they feel the only reason for starting up a business is just to make profit but there is actually more to it, what lives are you trying to enrich with your business and how do you plan on doing it,you should also consider this aspect.

 

[Filicit]

There are many factors to consider before going into any business venture, but most important thing is having an idea of how the business works

 

[Alexandoy]

Factors to be considered when going into business are
I. Purpose of running the business
Ii. Customer needs
Iii. Localization
Iv. Capital needed

Your last item is capital which, I think, should be the first item for consideration. Everything can be there but if the capital is missing then there is no business at all. With capital you can start a business even if there is no customer needs and your only purpose is to earn a profit. That happens often.

 

[jeff87]

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.

That is right. There are indeed numerous factors that you have to consider before you start a new business. That is why I will choose cryptocurrency trading because I don't need to build my own office, etcetera.