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Business strategy
What are the factors that influence our choice of business?
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[QUOTE="Kendy, post: 221772, member: 63869"] There are different factors that influences our choice of of business. These choices ranges from one person to another. The level of experience is very important and could pose as a barrier to one's choice of business. If an individual is inexperienced in a iine of business he might either choose to learn it or venture into a different line of business which he is more familiar with. It would be very unwise to start a business with no prior knowledge or experience. Knowledge remains power and taking such risk is enough to crumble a business. Lack of capital is one of the greatest influence on the choice of business. Most small scale business owners would like to operate on a large scale but the limited funds is one barrier that impeded their choices which makes them settle for less. Flexibility is also an influence to the choice of business. No doubt, all businesses have their level of risks but there are some that are higher than others when it comes to risks. Some people choose businesses that can give them a bit if free time to engage in other activities which makes than choose a less time consuming and less risky business. [/QUOTE]
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What are the factors that influence our choice of business?
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