Business Organisation and Management, 1st Edition by Pearson

4

Factors to be considered for Starting Business

LEARNING OBJECTIVES

After studying this chapter, you should be able to know —

• Factors to be considered for Starting a Business

FACTORS TO BE CONSIDERED FOR STARTING A BUSINESS

The following factors should be considered for starting a business:

 

1. Identification of Business Opportunity

2. Market Assessment

3. Product/Service Design

4. Raw Material

5. Whether to make or buy the component comprising the final product

6. Technology and Selection of Equipment

7. Manpower

8. Utilities

9. Land and Building

10. Selection of Site

11. Working Capital Requirements

12. Requirement of Total Funds

13. Sources of Funds

14. What should be the form of organization

15. What is the Cost of Production?

16. What are Cost Break Even Point and Financial Break ...