Question

explain the basic consideration in setting up a business enterprise ?​

Answer 1

Answer:

if we want to spread our business. I want to come more person in shop

Answer 2

The basic consideration in setting up a business enterprise is:

To start a business some basic considerations should be kept in mind in setting up a business enterprise.

1. Owner Stability

• There should be basic stability that the owners of the business should have about leading and growing the business.

• The owner should be skilled and should have self consideration for running an enterprise.

    2. Market Feasibility

• Every business needs capital, the owner should know the capital needed and should also know where it will come from.
• They should have accessibility to bank loans, sponsors, and investors.      

    3. Legal and Risk Management Issues

• This is also one of the important considerations for the owner of an entrepreneur to have legal licenses, permits, insurance certifications, etc.
• It is good to have all the T's of legal management.

      4. Business Planning

• This is important for ongoing business.
• This helps in understanding the concept and achieving a successful business.

These are some of the basicconsiderationsn in setting up a business enterprise.