Key Considerations and Critical Issues when Starting up a Business

When starting up a business, there are many key considerations and critical issues that the business must acknowledge and understand in order to find success. There are a vast amount of considerations and issues which can be focused on, but the key considerations which this essay will be focusing on are the location, staff, and capital. The critical issues which this essay will be focusing on are the importance of the business plan, managing cash flow and identifying and sustaining competitive advantage.
Deciding on the location of a business is crucial to its success or failure. …