Subject of discussion 4

Setting up a new business requires hard workfrom the business founders and presidents. Inyour opinion, what things they should considerbefore setting up a new business?

Market and market

demandFinancing /

capital

Knowledge / expertise

Competition

Location

Law, rules

Staff – human power

Assessing market demand

Market demand

a

b

c

d

e

Market research

Bank loans

Relationship

Working style

Good price

Preparing human resourcesCreating a list of necessary departments and estimate the suitable numbers of employees

Employing disciplined people, train professional employees and give them advantages working environment

Giving technical requirements to each position