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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 Transport cost is types of cost which always directly effect on production cost and for this it must measure from the…
Your business is growing at a steady rate and bringing in solid revenue month after month. Still, you don't have…