Early stage of every business is the most challanging, as it has a lot to put in place. It is often an uncharted territory for most people. The chances of great rewards as well as high risk are equal. Research has shown that most business startups fail within the first 5 years of establishment. This may be cause by so many factor which is inclusive but not limited to lack of good planing, no access to capital, negative mindset amongst others. With these in mind, it is important for one to evaluate the reasons and requirements as a person to start up a business. Below is a list of some factors you may want to consider before deciding to start your own business.
IDENTIFY THE PRODUCTS OR SERVICES YOU WANT TO RENDER.

[bDEFINE YOUR TARGETTED MARKET OR AUDIENCE][/b]

[bCHOOSE THE RIGHT NAME (BRANDING)][/b]

[bDETERMINE THE NECESSARY SKILLS NEEDED][/b]

IDENTIFY SOURCES OF CAPITALS

WHERE WILL YOUR BUSINESS BE IN 5 YEARS

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