1. Capital
Capital is the main factor you need to consider first before even thinking to set up any kind of a business. Capital play a big role in business because it will determine the kind of business to set up.Capital will also be used in paying rent, paying salaries/wages and purchase raw materials for your business.
2. Market
When setting up a business you need to think about who will purchase your product. To come up with a business that will attract people from that region, first do a research on what people from the area like most then you will have a clear indication on the kind of business setting up.
3. Raw materials
Before setting up a business, you need to have in mind a place where you will obtain you raw materials for your business. The distance between where you obtain your raw materials to your business should be closer to each other , so that you cannot incurred more cost in transporting your raw material to your business.
4. Land
Land is a very important factor you need to consider when planning to set up a business. Land play a very important role because this is a place where you will be setting up your business, and without land you cannot set up your business.
5. Position
The position you choose to set up your business will determine the flow of your business, for your business to flow well the position of your business must be in a strategic position, where everyone can see it very very.
