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I want to start a small business and not sure where to start. Where do I start?

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kalyan Sulabha
(@kalyan-sulabha)
Posts: 8
Active Member
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I want to start a small business and not sure where to start. Where do I start?

 
Posted : 03/08/2022 7:10 pm
Jeetu Advani
(@jeetu_advani)
Posts: 92
Illustrious Member Admin
 

Money is important. If that is your intention for the business you are starting, you should give the following some serious consideration:

Things to take into account when looking for a place for your business. You most likely heard in school that the fundamental economic issues in question forms are as follows:

  1. What should be manufactured?
  2. How do you consider making?
  3. Who are you producing for?
  4. Where can you produce?

The answers to these questions have some bearing on where you should establish your firm. As a result, these are some of the elements to take into account when looking for a suitable place for your business.

  • Question #1: How close are your suppliers or other sources of supplies to where you are?
  • Question #2: Are there individuals in the area who need what you're providing, whether it's tangible goods or services?
  • Question #3. What is the condition of the infrastructure at the potential location? Is the road system poor? You definitely don't want to set up shop in a region with a poor road system. Because doing so will make it extremely difficult for your potential consumers to contact you.

Having said that, your surroundings will be distinctive. As a result, you should give it deep consideration. If you do, you'll undoubtedly figure it out and choose the ideal place for your business.

Best Wishes!

 
Posted : 03/08/2022 7:25 pm
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