Factors To Consider In Starting A Business

in hive-119463 •  3 years ago 

Business is any commercial activity that is aimed at making profit. It can be sole proprietor, partnership, or a company,.

A business is defined as an organization or enterprising entity engaged in commercial, industrial, or professional activities. Businesses can be for-profit entities or non-profit organizations. Business types range from limited liability companies, sole proprietorships, corporations, and partnerships.
[Source](Business Definition - Investopedia)

Some believe the success of a business is by hard work and some believe is by the favour of God. But, I will consider it to be both, because, hard work and prayer can both make a business boom.
But the most key factor to the success of business is how one strategize it, the planning and motives of starting the business count.
Business is not supposed to be created without proper planning; the planning is about the location of the business, geographical planning and the needs of the people or the customers. One shouldn’t start a business because others are investing into it or friends are doing it, there is supposed to be a proper planning of it and necessary capital needed to fund it.

One need to strategize before starting a business.

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