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[Medowriter]

If one want to start a business, there are lots of factors to be considered before starting the business but there are few basic one to be primarily considered. In my own opinion Environment should be the first. What your opinion?

 

[Franca01]

Yes, that is the best criteria when choosing the best location for business. Your target audience will determine where your business will be set up. You should be located in a place that they will easily reach you.

Yes, that will never let you always miss you potential customers. This can even help you in getting new customer if your services and products are always in good quality. Your business will always look forwar if all these are done.

 

[Wisdom01]

The location should be the first thing to consider , then the demand of the customers in that location should be the second thing ,you have to know the demand of the customers in the location you are running the business to make good moves

 

[IB DD]

The location and the market are two of the most basic factors that determine starting up a business. The next factors are technical know how and the capital available for the business. All these factors would influence the smooth running of a business in it's take off stage.

 

[Bolajimi]

Some of the factors I have found out are. The amount of people you know. And the amount of people who are giving you work. That is what going to change the most factors in the business. Here you have to be pretty much consistent with your own skills. and you have to continue to deliver your performance. if you can do that then surely it is possible to make some decent business from this. that's what I have learned over a period of time.

Consistency is one thing that can help the business to grow very well. If you are not consistent, people might have forgotten that you do the business so you need to do it regularly so that it will remind them of the business you do

 

[Japhnet]

There are several basic factors that are important for any business to consider. These include the product or service that the business offers, the target market, the competition, the marketing strategy, the pricing strategy, the financial resources, the legal structure, the human resources, and the location

 

[Wisdom01]

Yeah part of the basic factors is actually the financial concerns , complication and others , a lot should be considered by the business owner , such that the business would boost further to the required prospect

 

[Flower]

It is very important to understand the target market and this is how you can know your customers which is one of the basic factors that you need to develop your product or services.

 

[Lens_]

There is need for effective marketing strategies in each and every businesses. Promoting your product or services to the right audiences is one of the things you must put into consideration because that is how you can enhance your business and attract customers.

 

[Flower]

Delivering quality product or services is one of the things that play a very significant role in business success and that is why it is necessary to provide value to customers which could be done by providing high quality product or services.

 

[Lens_]

Ensuring that you have a strong customer services is very essential because that is how you can retain customers and you will also be able to build a positive reputation . It is necessary to always respond to inquiries and you must quickly address customers concerns too.

 

[Flower]

There is need to have a fundamental knowledge in financial management because that is how you can keep track of the expenses and the revenue that is coming into the business and that is how you can also ensure financial stability.

 

[Lens_]

Having a solid business plan is one of the things that you need for good business operation because it will allow you set clear objectives which is going to outline the goals and strategies that is needed to be adopted in order to achieve success.

 

[Flower]

There is need for effective communication because it is needed to carry the stakeholders along . Each and every business owners must be able to convey clear messages to everyone in such a way that they would understand their roles and responsibilities.

 

[Lens_]

It is good to have a strong identity because that is what is going to differentiate your business from the competitors. When you consistently involve in branding across all channels, it is going to build trust and credibility.

 

[Flower]

You need to be flexible and adaptable because it is a very important for business most especially in the dynamic and competitive environment. This is what will make you stay afloat in a dynamic market.

 

[Lens_]

It is always good to build relationships with other businesses or suppliers because it could be a way to open door for new opportunities and it is instrumental for the success of the business.

 

[freelancermariagrace]

Aside from the environment, you must consider product or service pricing, marketing/advertising, technology, physical location (if necessary), staff, legal compliance, business model, and many other factors. It is a good idea to sell sustainable products, especially if you care about the environment.