Factors to consider going into business

[Skysaint]

You should be able to find out how the business operates and if it's something you will be comfortable doing because interest differs and matters and check out on the demand for the product you have to offer by the people around you

 

[Abigael]

Those are very good factors that you have mentioned. Indeed the location is very necessary. It should be both near to your supplier and potential customers. Also, you need to have enough capital and the technical know how of running the business.

 

[nimzy]

The factors to consider while going.into.any form of business is to first of all have knowledge about the business, find location, and then weight your financial strength and your ability to manage or run the business effectively.

 

[Immilash]

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

yes that's true before you venturing i n to a business you need those things you've mentioned earlier,especially the customers need ,you need to provide something that is more demanding ,provide the appropriate things needed by your customer

 

[JoeTom]

So many factors to consider when it comes to establishing a new business. First you must know the business to do and what is your interest, then get the strategy and funds.

 

[Ghost1]

Customers needs should be paramount because they are only likely to go for things they'd like. If you can't give them, there's always an alternative

 

[Senator]

The nearness to raw materials if the business is one that is dependent on raw materials is very necessary for a startup. So also is the importance of closeness of the business to the relevant market for it

 

[Tracee]

Sometimes making good use of the resources around you is the best business strategy that is what we call, making lemonade when given lemons, cause sometimes you wouldn't get all these resources to start up, so it shouldn't be a discouragement.

 

[Sotherefore]

The most important factors that I consider when going into housing business is the location and security ,this are the two important factors I will not overlook in any property I am buying wherever I am.

 

[Kubiat-Abasi]

The needs of potential customers in the area should be given top priority, capital, nearness to the market, the location also should be given top prominence.

 

[Yhubee]

The four factors of production should be taken into consideration such as land, lab our, capital,entrepreneur
The site for the business is important,will people be employed immediately or later?
A capital is very important and then are you going into sole proprietorship or partnership?
The products to be marketed ,how to market,when it should be marketed should be taken into consideration too.

 

[Josan]

Many factors need to be considered:
1. What business to do
2. Business plan(s)
3. Capital
4. Location/shop
5. Product & Services
Etc.

 

[Maayong]

Any businessman or businessperson must have to put his or her business first if he or she wants to run his or her business successfully

 

[richee84]

There are many factors to be consider when setting up a business and most of the factors u listed above are very important to the success of any business. Any good business man will pit all the factors listed above by u in to consideration before going fully into that business.

 

[skyliequiz]

One of the most significant aspects to consider when beginning a business is the funding pattern. There is no way to run a business without money in this world. You'll know how much cash you'll need to start your business depending on the sort of business you're establishing and the first expenditures you'll have to pay. Whatever means you use to finance your firm, you must ensure that you have the cash to go through the beginning period.

 

[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

Taking about electricity is very important because you having constant electricity makes your work easily and good road also make your business site accessible and other factors listed below can really help

 

[Ceeny007]

When setting up a business one needs to consider if there is a market available for the product it wants to introduce,also the perceived income of the population

 

[Tochi]

There are many factors to consider before going into any business whatsoever. The environment you intending doing the business, the kind of people there. One has to check whether the means of getting resources is closer to your business and whether the raw materials is also close.

 

[Doris]

A businesse idea
Knowledge or expertise
Market or demand
Capital and finance
Start up cost
Competition

 

[Ezekiel]

Factors to consider while going it business are numerous but mainly the reason for the business,or the purpose of the business,it's location and finance to manage the business