Factors to consider going into business

[Godspower]

Business plan is the most important thing and that is the first I have to even start before I even raise the required money in most cases. I have to definitely plan out my business and how it should be first . I don't know if people can possibly engage in business without having a business plan.

You have the spirit and desire of an entrepreneur. There are still some people with no definite business plan about their intending businesses and they are often confused later on in the business.

 

[Shigobad20201]

There are so many factors to consider when going into business such as:
1. Target population : This is very important to know. Is your goods just for the young, the old or both population?
2. Location: it is very important that the business situated in a very strategic position depending on the type.
3. The needs of the people : once this is known, such businesses will always succeed.
4. Competition : Check if there are people already doing such businesses and make out good plans to compete.

The target population and the location of the business is very important when trying to do business because without targeting a good location where your business will make better sales , the business will not succed

 

[joy101]

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.

Yes alot of factors you should consider before going into business, the kind of product you will like to sell you can also consider the location where to stay for the business, because location is very important in a business.

 

[Sotherefore]

You have the spirit and desire of an entrepreneur. There are still some people with no definite business plan about their intending businesses and they are often confused later on in the business.

Lolz. And these sets of people are those that are likely to start a business with a loan from the scratch. Well, you can never tell , they may even succeed more than you that have gone through all the necessary planning.

 

[Shigobad20201]

Lolz. And these sets of people are those that are likely to start a business with a loan from the scratch. Well, you can never tell , they may even succeed more than you that have gone through all the necessary planning.

There's nothing wrong in starting a business with a loan though it has many negative impact on the business , but If you have a good and active business plan , paying the loan won't affect your business.

 

[Sotherefore]

There's nothing wrong in starting a business with a loan though it has many negative impact on the business , but If you have a good and active business plan , paying the loan won't affect your business.

It's not really about starting with a loan, the problem is that we do not know what the future tells. Sometimes our plan may not work out as expected and because of this it might be difficult to pay the loan you have collected.

 

[Smiles20]

Have you ever considered how far a business is going to be going and how long it is going to last before trying to venture into it. This is one matrix that you should try to consider to know the kind of emotions that you are going to invest.

 

[Godspower]

Lolz. And these sets of people are those that are likely to start a business with a loan from the scratch. Well, you can never tell , they may even succeed more than you that have gone through all the necessary planning.

Well, you have a point. In some instances, they might do well than others who have a good business plan. But proper preparation is key to the success of any thing.

 

[Sotherefore]

Well, you have a point. In some instances, they might do well than others who have a good business plan. But proper preparation is key to the success of any thing.

Yes this is true, but sometimes other people that have not done all the necessary planning might succeed more than what you could possibly imagine. Sometimes this might even make You to doubt your ability. Lolz .. a lot of people will call this to be a luck.

 

[Setho]

Business is something that should be able to sustain you for a long time and if you analyse and see that the opportunity is not going to give you that then you should consider elsewhere.

 

[Godspower]

Yes this is true, but sometimes other people that have not done all the necessary planning might succeed more than what you could possibly imagine. Sometimes this might even make You to doubt your ability. Lolz .. a lot of people will call this to be a luck.

Well, luck is bound to happen one way or the other. However, it is only those who have prepared that will be able to harness and capitalize on the business opportunity that may arise.

 

[Chibson]

Venturing into a particular business actually requires you to look into many factors. You need to look at the amount of capital you have and the size of business you want to set up. Location is also very important and necessary if you want to venture into any business..

 

[Syldan]

Before going into any form of business, knowledge is one of those factors to be considered before getting started. Knowledge will helped you to knows what is required of you, the location, what to produce or what kind of business you are to invest into.

 

[Sotherefore]

Well, luck is bound to happen one way or the other. However, it is only those who have prepared that will be able to harness and capitalize on the business opportunity that may arise.

Which truly shows that you have to work to achieve anything you are interested. So does it really mean that luck can never happen to people who are not putting any effort to achieve success ?

 

[Godspower]

Which truly shows that you have to work to achieve anything you are interested. So does it really mean that luck can never happen to people who are not putting any effort to achieve success ?

Well I understand your question. Luck happens but in it is very rare. In fact, I will peg it at about 5% to 10%. Without hardwork, you might not even be able to make the most of the luck you have.

 

[Sotherefore]

Well I understand your question. Luck happens but in it is very rare. In fact, I will peg it at about 5% to 10%. Without hardwork, you might not even be able to make the most of the luck you have.

Alright. Ok I don't understand your point and in this case then working hard is actually the best way to achieve success in life , because obviously we can't depend on the 5 or 10% possibility of luck out of 100.

 

[Robust]

Some factors that one need to know before going into a business is a good location on where his Businesses can work, the funds on how to start the business and very good business plan to start.

 

[tyrim88]

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.

Definietll there are lot of things a person who wants to go into business should consider,the knowledge of the business,the terrian and the customers he is trying to reach,his capacity to pull through the challanges that might eventually occure amongs others.

 

[Syldan]

There are several factors to look into before going into any business depending on the kind of business. You firstly consider the needes or the demand of the people, availability of raw materials and market etc.

 

[Sincerem]

There are several factors to look into before going into any business depending on the kind of business. You firstly consider the needes or the demand of the people, availability of raw materials and market etc.

It seems a lot of people do not really take notice of the availability of raw materials but this is an important factors we have to put so much into consideration. Because that is one of the reasons certain business are not suitable in the southern part of a country and also the other way around.