To start a business we must have to establish the financial security during the running time and future time if need
extra financing in our business firm as financial condition always fluctuate in every organization so keeping a strong backup of a financial help for an organization always help to run business accurately .
So, when we try to start a business firm we must follow some important things and abide some vital rules which help a firm to sustain in a competitive market situation. To survey market for the produced product is the key factor for
starting the business as real result comes out by serving the market and show the benefit possibility and loss
possibility as well. There are three major survey systems, first to analyze previous data second, analyze present
consumer demand, third to think future demand. On the basis of consumer demand we should take step to manage
business area so that excessive costing would not occur and expected consumer can get and retain customer for a
long time. Demand of employee:
For starting a business we should know about the demand of employee as employee demand varies from country to
country so where employee demand is high there expense rate is high so it is better to open or start business in the
area of low salary demanding area so that business firm can grow easily and make an expected level profit.
Measure tax rate
By measuring tax rates we can calculate our expense amount which help a firm to take decision to start a business as all government give different condition for different business firm at different place from this sense we get better
facility by establishing a business firm in ‘BISIC ‘area with all modern transport facility, electricity facility, and
various types of facility. It is true that sometimes government declare a tax free zone for establishing several
business firms in a selected area and it is wise step to choose the tax free area to minimize the cost that will help an
entrepreneur to run a business firm ignoring government tax.
Transport cost is types of cost which always directly effect on production cost and for this it must measure from the
beginning of the business firm, an easy transport facility helps to grow business rapidly and a secure transport
facility ensures a firm to deliver the product safely and swiftly. We can see a dynamic transport facility and low cost
transport system helps a business firm in many ways which best examples are China different transport system so,
it’s a vital element to consider for starting a business.
Banks loan giving tendency:
In every country have several banks to provide loan for the business growth but it is matter to calculate the bank’s
loan giving rate according to time scheduling and if the situation remain in our favor than we should take the
opportunity for the business purpose if need . On the other hand it also necessary to calculate the deposit rate and
foreign exchange rate of the required banks. Every commercial bank has some extra facility for providing loan to the business firm given by the government rather to pressure debt rates. If business firm grow rapidly than that firm
create some employment opportunity that help to reduce country’s poverty.
Primary Capital capacity:
Measurement of primary running capital capacity helps a business firm to operate its business at the primary level in the running market as a new growing business firm so we should measure the primary investment money and must target the area that which sectors we invest first and how much we should invest, sometimes an effective investment can easily make profit in a new growing firm so it impact directly on the business firm. You can take help from
personal finance in sacramento for your initial capital as well.