Question

write basic factors to start business?

Answer 1

Answer:

Here is a checklist that will give you a list of factors to consider before starting a business:

A Business Idea.

Knowledge or Expertise.

Market or Demand.

Start-up Costs.

Capital and Finance.

Competition.

Location.

Staff.

Answer 2

Explanation:

Some basic factors required to start business are:-

*Business idea

*Legality of business

*Capital sourcing

*Allocation of manufacturing plant/office

*Hiring skilled employees or training them

*Analysis of market

There are many other factors that influence starting a business.