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What are the main factors for starting a business?

asked Apr 19, 2012 by anonymous

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Some of the basic factors which must be considered by anybody who is to start the business are:
1) selection of line of business
2) size of the firm
3) choice of form of ownership,
4) location of business enterprise
5) financing the proposition
6) physical facilities
7) plant layout
8) competent and committed workforce
9) tax planning and launching the enterprise.
answered Apr 19, 2012 by anonymous