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Factors to consider when starting a business

Getting a permanent job is becoming tricky these days.Government jobs are becoming difficult to get.What the government pay is not satisfactory at times.

Many people have decided to venture into different business creations.Failures and achievements are normal in the entrepreneurial sector.

We take a look at what you need to consider before starting a business in Kenya.

1.Competition

You have to research on your competitors before starting up a business.This will allow you to understand the weakness of your competitors and improve on them.

2.Marketing

Try to identify your targeted market.Know what they are interested in most.Interviews are one way of knowing the needs of your customers.

3.Legal documents

Licensing is always a key factor in starting a business.Permision from authorities will allow smooth running without interference.

4.funding

Beginning and running a business requires capital.Based on your business idea ,you need to identify the key sources of income.This will allow your business to run smoothly.

5.Technology and online presence.

You can consider starting a website where you can market your customers will get information and features of what you sell with ease.

Content created and supplied by: AlvaroRodriguez (via Opera News )

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