Factor to be considered when evaluating a business ideas

Factor to be considered when evaluating a business ideas

• Profit to be earned in order to cover all operational expenses
• Technology to be used in producing the product
• Availability of market/demand which should be adequate
• Government policy/legal requirement which should be favorable
• Channel of distribution to ensure the products is available in the market
• Competition which should be fair
• Capital which should be adequate to start
• Input/supplies which should be minimal
• Payback period which should be reasonable in relation to amounts invested