Question

Discuss six factors to consider when starting a small business

Answer 1

1.Knowledge or expertise
2.Market or demand
3. Financing
4. Location
5. Laws/Rules
6. Competition
7..Total project costs..

Answer 2

Following factors are:-

1. competition in market.

2. market and demand of products.

3. financing and cost project.

4. good location to set up business.

5. knowledge about laws rules and regulations.

6. total project cost.