How should I choose a company?

What kind of business an entrepreneur will do, what products or services to produce or sell – this decision does not have to be made suddenly or immediately. Deciding which products to manufacture or sell must go through a process to minimize risk and increase your chances of success. This way, you can move forward with confidence. This process is a feasibility study process for a project or initiative. How should I choose a company?






The main aspects of the company selection process can be summarized as follows.
5.0 Family and Social Aspects






1.0 Market Potential:

Product Dependent Market Potential: Market Potential Needs to Be Validated for First Selected Product or Service there is.







Product Needs Assessment
Customer or Purchaser

Who are the customers for a particular product? What is their age, female/male, median income, and education level? How many times a year do they shop? mosquito? where to buy Do you have any complaints?

Are there any regional variations in the buying and selling of these products?

Where does this product stand in terms of future market potential?

Do you ship regularly?

Do you have a specific brand for this product?








2.0 Technical and Technical Aspects:

depends on whether

Selection of areas Areas should be select very carefully. The main points to consider in this regard are:

Construction or rental of sheds or buildings
Check these prices on an area basis.

Guaranteed supply of electricity, water, etc.

Communication systems

Communication with the market

Whether there are financial institutions such as banks nearby

Whether there are industrial activities nearby.








3.0 Capital and Other Financial Matters:


Capital is an important factor in any business feasibility study. The amount of capital depends on the size of the project. Whether the project under consideration can be implemente with investable capital. It is important to know where the capital came from.








Two types of capital:

A. Fixe capital: land, buildings, machinery, office equipment, vehicles, etc. Ie those that can be use for a certain period of time.



b. Working capital: raw materials, fuel, labor, etc., i.e.
Capital required in all sectors is constantly used in the production process.







Project Financing:

In addition to funding decisions regarding project type, scope, etc. Decisions must also be made regarding the physical financing of the project. The issue of funding from internal and external sources must be calculate very realistically. So that the flow of capital is not interrupte during project implementation.







Estimated Benefits:

After considering the total capital invest, total cost, and other considerations. It is important to estimate the benefits that can be realiz from the project over time. After deducting total sales and administrative expenses, capital expenditures, etc., you get your estimated profit.







4.0 Business Practices and Legal Matters:

Implementation of the Initiative may require compliance with certain government regulations.

Government support and assistance are available for the manufacture and sale of certain products. Again, government policy may go against this in some cases. It would be best to inquire about these.







5.0 Family and social considerations:

Everyone has various family and social responsibilities and duties. choose a company

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