What are the factors to consider before choosing a business to start

[cherry123]

When you intend to start a business, what are those common fsctors one will need to take into consideration before adopting the business idea?

 

[Starmix]

One is capital, experience, capability, man power , target audience or customers. Ask what's about the possible consequences to make or prepare circumstantial happenings.

 

[Golden9]

You should consider if there is really enough demand to be profitable first, then how easy or hard it will be to make the business work. You should look at competition, availability of raw materials, how skilled you are too.

 

[cherry123]

One is capital, experience, capability, man power , target audience or customers. Ask what's about the possible consequences to make or prepare circumstantial happenings.

it seems that are a lot people need to factor inna lot of things before starting any business.

 

[Starmix]

There are many factors to be considered before starting a business. One must make sure that the said business sells what people need, if not, no one buys. It is safer for the business owner to gather data as to what the people like in the place the business is to be put up to avoid regrets of losing.

 

[Shavkat]

All I can say is that a person needs to conduct a feasibility study about his or her business. In this way, he or she can determine if the business in mind is viable or not in starting up a business.

 

[cherry123]

Definitely, if you want to start a business that you are yet to have experience on, you would need to carry out a feasibility studies.

 

[Starmix]

All I can say is that a person needs to conduct a feasibility study about his or her business. In this way, he or she can determine if the business in mind is viable or not in starting up a business.

Writing a feasibility is also good for big firms but for those small businesses like owning a cafet, they prefer to observe diners about what they like. To do list is necessary to get a good track of those foods people usually like to eat. It's just a matter of observing people's demand.

 

[Carson20t]

Yes it is true what most of the people are saying,a business has three benchmarks and that is what product or services are you offering,marketing and sales and lastly finance and administration .All those factors are what will help you set up a business.

 

[eldavis]

I think one major factor we should consider when it comes to starting up a business should be the amount of capital needed to start up the business. If the capital needed to start up the business is something you can manage, then you can venture into it. Another factor to consider is the nearness to raw materials or resources for your business.

 

[cherry123]

Yes a business owner should always look at nearest to the market so that it will never be always difficult to get the supplies for the business.

 

[Springtime]

First of all, the business must be feasible. Other factors need to consider include initial set up capital, competitors in the market, availability of experienced personnel.

 

[nomad]

There are a couple of things that you need to take care of, such as skills, knowledge, experience and funds.

 

[Imran Noori]

When you intend to start a business, what are those common fsctors one will need to take into consideration before adopting the business idea?

The most important factor before starting a business is it's location.

 

[Stardom22]

The factors that determines the business to be started are like the following: The availability of the market, capital, and the market gap for the business yet to start

 

[olaniyi]

For me to start a new business I will find something which includes the fund to set up the business if I could afford it and the skill require to run the business perfectly

 

[cherry123]

Starting a new business need skills. I will find a good and suitable location. Consider the fund to set up the business if you cn afford it and you have the needed experience.

 

[SHAHID987]

First come first you need to select right location for your business because if you are selling something costly in poor locality then people won't buy. Second availability of your products should be ensured specially the hot products.

 

[IB D]

The number one thing to consider when thinking of a business to start is the demand for the products.