how do you decide before starting business?describe it
Answers
Answered by
1
Explanation:
Business means dealing with risks. Risks can cause lower profit, no profit and even loss. Therefore, the start of a business needs careful planning to ensure success and longevity. Important factors for consideration for starting a business are as follows:
1. Selection of line of business.
2. Size of the firm.
3. Choice of form of ownership.
4. Location of business enterprise.
5. Financing the proposition .
6. Plant layout.
7. Competent and committed work force.
8. Tax planning.
9. Launching the enterprise.
10. Knowledge or Expertise.
Hope it's helpful please mark me as brainliest!!!
Similar questions