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Business strategy
Factors to consider before choosing a business
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[QUOTE="Augusta, post: 137676, member: 25283"] You shouldn’t go into a business because your neighbor is doing same. You need to take into consideration some factors before choosing a business to start. You need to consider these important, they are outlined below: [LIST] [*]You need to consider the risk involved in the business [*]Check to know the cost of start-up, you need to be sure you have the needed capital [*]Consider all the taxations involved, would be up to the high taxation if it is needed [*]How would be able to periodically finance the business, remember cost can increase as the day passes by [*]Consider your entrepreneurship skills, would it be up to managing and controlling your chosen business [/LIST] What other factors need to be considered here? [/QUOTE]
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