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What are the steps to take before engaging in a business
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[QUOTE="Mastergp, post: 274834, member: 85422"] To start a business needs many ideas and preparations one can not invest his money in a business that he or she can't handle. No business is easy to handle especially at this particular period whereby the means of competition is increasing. If one does not have full knowledge of the business he is handling sales would be hard to make because his client or customers won't be satisfy. They are variety of steps one can take before engaging in they business and through this steps he would know whether he had enough resources to run that business he is planning to engage in. Some of this steps include the following: Types and price of the products to be sold: This an important steps the ideas about the type of product would enable us know our target consumers and client. And the price of the product we are going to sale should be a favorable one to our capital, it won't look Nice's if our product we show case are few just because our money wasn't enough to buy much product. Capital use in the business: Capital is seen as the first step because without the idea of starting up a business would be futile, so consider our capital we have and the type of business our capital can afford would be seen as good. Location of the business: As a good entrepreneur it would be nice to also consider the location of our business each business has it target audience and without them them patronizing us it would be hard to succeed. [/QUOTE]
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What are the steps to take before engaging in a business
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