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Customers; is the company able to sustain long term partnership with customers and ensure that they regularly purchase the products and or use the services
legal aspects; one should ensure that he has required the legal permits, registration and other legal documents depending on the state and on what type of business formation is selected
Competitors; one should know the competitors within the business environment, research on their weaknesses and strengths.
Economic factors; an entrepreneur should ensure that he has all the finance to start and manage the business.
23454 answered the question on March 18, 2018 at 06:51
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