Factors to consider going into business

[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

Most of the factors to be considered when going into business is the location of the business the capital involved in starting up such business and proximity of the market.

 

[Chibson]

A lot of people venture into different businesses without making due research and they end up not being successful. Considering the location is very important.
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A lot of people venture into different businesses without making due research and they end up not being successful. Considering the location is very important.

 

[Justin]

Before you star a business, you need to have funds for your business. You might be able to build funds from investors, loans etc. but staring business by inviting investors and getting a loan can be very risky because not all business will succeed.

 

[Kelly5]

Yeah I liked the outline of factors you have just written down to help business startups to concider before heading out. Nearness to raw materials is one very important factor I like too

 

[Oliver4smile]

As an entrepreneur, you’ll have to stick to your business plan, make and respect your budget, dedicate time to developing your business, and meet the goals you’ve set for yourself. If you find yourself lacking in self-discipline, this might be something to work on before you pursue your entrepreneurial dream.

 

[Snazzy001]

You will have to check the kind of business you are going into and the possible kind of setbacks the business can witness at any point in time

 

[Sotherefore]

The first thing that will be running through my mind when I consider starting a business is the required amount of money that I will need in starting the business, that is the most important thing.

 

[Alexandoy]

The first thing that will be running through my mind when I consider starting a business is the required amount of money that I will need in starting the business, that is the most important thing.

You are right on the money because the capital is the primary concern when making a start up. Never proceed when you don't have the estimated capitalization needs in your hand. Do not borrow money to augment your capital because that is a big mistake for the start up.

 

[Kelly5]

In concidering the so many factors to going into business, you should be taking the people's needs into great consideration too. Because if you can satisfy their needs, then you're making good profits in that business

 

[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

Most of the factors you need to consider when going into a business is the environment of the business and also location or another thing you need to consider is the amount of capital that will be able to start up your business.

 

[Sotherefore]

You are right on the money because the capital is the primary concern when making a start up. Never proceed when you don't have the estimated capitalization needs in your hand. Do not borrow money to augment your capital because that is a big mistake for the start up.

For me I can only be able to borrow money to expand my business when the business is already stable and is generating some money. I cannot just borrow money to start up a new business. it is risky.

 

[btaliat]

You just first consider the need for the particular product you want to sell. How many people really need it, which location it is most needed. All these are to be considered

 

[nimzy]

There are number of factors to be always consider before going into a business first of all you have to check your ability, the funds at hand and then the knowledge you have about that particular business it is very important.
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Before going into a business I always believe knowledge is more important as the first consideration and then the resources available to fund the business with the application of ideas.

 

[Ralphjoe]

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.

I think of all the factors that one need to consider before starting up a business the financial aspect Trump's order factors that one should consider before starting a business because the finance is the sole heart of a business.

 

[Immilash]

there are many things you need before venturering in to a business ,this things really helps allot in terms of business,it also help you to secure your customers and also your business,after having your capital ,look for a very demanding business to and get started

 

[Setho]

You should consider a lot of things if you are going into business especially things that have to do with your customers and also how you are going to get money from them.

 

[Alexandoy]

There are number of factors to be always consider before going into a business first of all you have to check your ability, the funds at hand and then the knowledge you have about that particular business it is very important.
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Before going into a business I always believe knowledge is more important as the first consideration and then the resources available to fund the business with the application of ideas.

Knowledge on the business is imperative before you make a start up. A thorough research can give you the information for the business strategy to gain sales and customers.

 

[mcjerry]

In addition to the list above I would like to add location. Because location plays a big role in the success of a business. Like in the complex that I work in. There is a shop that is rented by cloth seller but because the location does but fit the business, she left there because there was not sales

 

[Miraclesam]

Setting up a business and earning success is what is considered. For the product to be constantly delivered to the masses and timely
1. The choice of location
2. Availability of liable raw materials
networking and advertising

 

[Miraclesam]

Before going into a business there should be a proper rethink of all processes and plans. Such as the availability of raw materials, the location if the factory, the eed and possible advancement for the products as well as the competition in the market and ways to beat down competitors.