It is one thing to think of establishing a business it is another thing to manage it well. The success of every businesses lies on the passion and overall attention giving unto it. There are some certain factors that must be considered when establish a business. First, you have to check if you have passion and skill for that business. Don't think of business you know nothing about, and then try to establish it because people are doing it.
Also, think about the location. Your location must have good access to road network and also nearest to the markets. Don't establish your business in remote place that do not have demand of your services.
Products or services you want to produce must be the one that has already markets. Don't go into products that do not have demands.
Available of raw materials is also important. Don't embark on product which its raw material is scarce. I rest here, others can contribute their quotas.
Also, think about the location. Your location must have good access to road network and also nearest to the markets. Don't establish your business in remote place that do not have demand of your services.
Products or services you want to produce must be the one that has already markets. Don't go into products that do not have demands.
Available of raw materials is also important. Don't embark on product which its raw material is scarce. I rest here, others can contribute their quotas.