Other factors to consider
Posted on July 3rd, 2009 | by Admin |
Other factors to consider
The decision to go into business is based on a thorough study of factors such as the potential
market, sales promotion and advertising, location, making the product or setting up the
service, delivery of the product and profit potential. Consultation with a small
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Business Administration Service Corps of Retired Executives Association (SCORE) counselor or
the Small money making opportunity Development Center (SBDC)
staff (1-800-445-7232) will help you decide if the particular small business would be feasible
and help find answers to the following and other related questions: How likely is it that the
business will be profitable? What is the competition? Is there a long-time need for the product
or service, or is it a fad-type item? Are you an expert in producing the product or
service?
Design
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