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Business strategy
Major risks to calculate before establishing a business.
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[QUOTE="Axis, post: 289822, member: 66672"] Without any doubt it is very true that establishing a business is absolutely no childsplay however for an individual to establish a successful and prosperous business he or she must be able to consider all the risk and all the factors involved in establishing a successful and prosperous business. Sometimes it is not all about establishing the business with sufficient capital and adequate resources but it is absolutely important for us to establish the right kind of business in the right kind of location and also with the right kind of product that is suitable and capable to win the interest of members of the public residing in the business environment. One of the major risk that we need to consider when establishing a business is the product risk. Whatever kind of business you choose to establish you need to have a product whether in the form of goods or service in which you sell or render to members of the public to make ends meet and income. The risk involving in the products of the business simply and tells whether the product will be acceptable by the people. To ensure producing selling and rendering products accepted by members of the public around your business organisation you must do well to research on their test and preference as well as their income capacity so as to know what kind of product they like or dislike, and also know what kind of products they are more likely to afford based on price. [/QUOTE]
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