Other factors to consider
February 27th, 2009
Other factors to consider
The decision to go into business is based on a thorough study of factors such as the potential market, sales promotion and advertising, location, making the product or setting up the service, delivery of the product and profit potential. Consultation with a small home business expert such as a Small Business Administration Service Corps of Retired Executives Association (SCorE) counselor or the Small business opportunity Development Center (SBDC) staff (1-800-445-7232) will help you decide if the particular small business would be feasible and help find answers to the following and other related questions: How likely is it that the business will be profitable? What is the competition? Is there a long-time need for the product or service, or is it a fad-type item? Are you an expert in producing the product or service?
