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Factors to consider before going into large-scale business.
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[QUOTE="Jasz, post: 238125, member: 61772"] If you are planning to start a large-scale business, there are several things to consider before taking the leap. First, decide whether you have been in this field for long enough to understand the market and potential pitfalls. If you do not have the needed experience, it will be hard to compete with other more established businesses. Second, make sure that you have the capital needed to sustain your business over its life cycle. If you don't have enough money, it will be hard to keep your operations going. Thirdly, think about whether or not you can find employees who are willing to work at low wages and under unfavorable conditions so as not to lose their job during an economic downturn or natural disaster such as a hurricane or earthquake. In some situations, these workers may be able to command higher salaries than what they would receive if they worked elsewhere due because they would not want their family's livelihood threatened by unemployment; however, they might still want some security in their lives which means that they will need some insurance coverage against illness or injury. Fourthly, decide if there is a customer base for your product/service and whether it is large enough for you to sustain yourself without having any outside investment coming into play (especially if your idea requires significant upfront costs. [/QUOTE]
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Factors to consider before going into large-scale business.
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