Major factor to consider when doing business

[Didia Sofunichi]

I think when doing business people should consider a location close to raw materials,they should also consider their target audience.

A generator repairer for instance must consider a location without constant power supply same way a book seller should consider locations close to school.

[Penlex_Writer]

For the growth of your business, what are the factors that you will consider when you're doing a business? I asked my self this question and with time, I realized that there are different types of business and they require different strategies for their effectiveness. But there is one thing that every business man must do to ensure that his/her business grows, which is very important for the business. Being committed to what you do, no matter how small or large the business is, will give you more details about the business and also devote your time and resources so that the business will grow.

for your business to grow it requires so many efforts or consideration,devoted is one of them,which means up and doing,you must must also have a good quality,because it attract alot of customers,no body is ready to spend money for fake products,and lastly you must have a good rapport with your customers.

[Chilwell]

The environment where the business is located is very important. Understand the people`s needs before situating a business. When your business has nothing to do with the populace in that area, then patronage will be very minimal but when your business centres around the needs of the populace then patronage will be high.

Yes, of course you are absolutely right. The location of a business is important, because you need to find a place that is easily accessible and it's essential to consider the interest of the people before starting a business.

[albon]

Expanding into new markets or launching new products or services may require a company to grow a business to reach new customers and increase revenue. You can analyze the market and roughly calculate the growth scale of turnover revenue and profit. But recognition and other marketing metrics are just as important for sustainable business activities. Moreover, the better the quality of your product the better the number of customers will increase. You will have to gradually increase the business plan, product, everything, then you will need to increase your business organization.

[Chilwell]

I think when doing business people should consider a location close to raw materials,they should also consider their target audience.

A generator repairer for instance must consider a location without constant power supply same way a book seller should consider locations close to school.

The environment and the location are part of the factors to be considered when doing a business, as well as the availability of the resources and capital. It is essential to identify what people demand most and address the needs that they are lacking in environment. If you sell what a lot of people are selling within the environment, it will be hard to attract customers and you will hardly get someone that will purchase your goods.

[Dr.Bitcoin_Strange]

The environment where the business is located is very important. Understand the people`s needs before situating a business. When your business has nothing to do with the populace in that area, then patronage will be very minimal but when your business centres around the needs of the populace then patronage will be high.

I completely agree with you, one has to check what people really want most before deciding to open business to avoid being at the loss side and can also make one go bankrupt. So we ought to do the needful such as having capital to start with, a good spot where you know if you start business there, you will have customers and sales tooand also have the desire and the mind to withstand customer incase any day they might to frustrate someone’s life with their annoying attitude, all these are also the necessity before deciding to start up business.

[bisdak40]

The environment where the business is located is very important. Understand the people`s needs before situating a business. When your business has nothing to do with the populace in that area, then patronage will be very minimal but when your business centres around the needs of the populace then patronage will be high.

I completely agree with you, one has to check what people really want most before deciding to open business to avoid being at the loss side and can also make one go bankrupt. So we ought to do the needful such as having capital to start with, a good spot where you know if you start business there, you will have customers and sales tooand also have the desire and the mind to withstand customer incase any day they might to frustrate someone’s life with their annoying attitude, all these are also the necessity before deciding to start up business.

Yeah, you both made good points. It's really important to know what people in the area actually need before starting any business. If you just open something without checking if people want it, you might end up with no customers. And yeah, apart from having enough money and a good location, you also need to be ready for tough days and deal with all kinds of customers, even the ones who test your patience.

[Joeboy]

For the growth of your business, what are the factors that you will consider when you're doing a business? I asked my self this question and with time, I realized that there are different types of business and they require different strategies for their effectiveness. But there is one thing that every business man must do to ensure that his/her business grows, which is very important for the business. Being committed to what you do, no matter how small or large the business is, will give you more details about the business and also devote your time and resources so that the business will grow.

The central factor to look out for when starting you business is the location, imagine someone who is into the selling of dry guns and alcohol instead of going to the city or even the village square to sell cloth, he rather goes to the side of a church or a mosque to sell it, there is no sense in this at all
Another factor is if the business is yielding money. The goal of every entrepreneur is the maximization of profits but when this profits doesn't seem to be coming forth the only imaginable thing to do is o dive into another business.

[Dr.Bitcoin_Strange]

Before doing a business, at least you must have some ideas about it and also fo more research about it. You can't just go and start a business you know nothing about...

You are right, one can not just start up a business which they don't know nothing about, before one can start up a business, they ought to know how much capital they will have to invest into it, also get a good location for the business to take place and also have a good attitude to exhibit.
If one doesn't posses all this attributes, it will affect business so much that it can cause the falling of the business.