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Business strategy
What are the factors that influence the choice of a business idea?
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[QUOTE="Kendy, post: 221771, member: 63869"] I think there are different factors that influence a business idea such as the availability of capital. There are some business ideas which cannot be started out with small funds. For example; oil and gas business would demand much capital. When the capital needed is unavailable, it impeded the business idea reality. The potential business owner's mindset too can I flue xe an idea. There are people who can think creatively of an idea, yet they lack the ability to carry out with this idea such people are mainly food in selling their ideas for money. Lack of long-term goals could also pose as an influence to a business idea. There are business owners with different goals and vision, they could choose to operate a business on a short-term goal due to the plans they have and the business is just a means to an end for me. In such instances, an individual might be planning for a bigger business but since the capital is not available he might choose to start up with a lesser business idea so he could save funds for his dream business or some might be owing to the fact that, they might have plans to relocate permanently from the country. [/QUOTE]
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What are the factors that influence the choice of a business idea?
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