Question

Mention four things to consider before starting a business

Answer 1

1. The Idea - Before even thinking of starting a business, you need to make sure it's original. If you make something, someone else is bound to have something similar; make it unique.
2. The financing - You don't want to just jump in before you have at least a rough sketch of how you plan to finance it.
3. The location - Where will you start the business? It should be near your target audience.
4. The name + slogan - Every good business needs an original name and slogan to push along marketing.

Answer 2

Before starting a business you should Conduct market research, get the best location for your business, have enough capital and hire the right people.

What is a business

Business is a trade that involves the purchase and sale of products or services to make a profit.

Most business fail due to lack of planning, before starting a business, you need to:

1. Conduct market research so as to know your target markets and your customers' needs.
2. Try to get the best location for your business.
3. Make sure the capital needed is available
4. Ensure that the right people that have the same goal as you are hired.

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