Question

Name any four factor affecting the starting of the new business enterprise?

Answer 1

Hey friend here your answer







1. The idea

The strength of the founder's idea might seem to be the biggest factor responsible for a business’s success, but it’s really only a small element of how things might turn out. Consider Google, whose core idea of an interactive web search was, at its start, already being implemented by dozens of competitors. But because Google's founders' plan, execution and timing were superior, their lack of originality didn’t cripple their chances of success.

2. The leader(s) 

Leadership is important in startups. Leaders make the decisions, set the vision and inspire people to work harder for a group’s goals. Put an incompetent leader in place, and not only will high-level decisions be made less effectively, but the morale of the group could be put in jeopardy. On the other hand, a skilled and experienced leader can turn even a weak idea into a successful one.

3. The team

Entrepreneurs are important, but they rarely accomplish great things alone. Successful businesses employ anywhere from a handful to hundreds of people, and those people will be the ones maintaining the business, driving innovation and executing your high-level goals. Hire the right people for the job, and you’ll never have a problem. Hire the wrong people and your best-laid plans might be ruined.

4. The capital

Working capital is important; so are your early stages of funding. Don’t panic if you can’t find an investor -- personal and familial investments are possibilities. And don’t rule out the possibility of opening a line of credit. Once credit is secured, remember to keep an eye on your cash flow: One wrong move here could put your cash into negative territory











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