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







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