what does an entrepeneur have to take in to consideration when moving in to a nw market ?
- Target client
- Customer Satisfaction
- Market gap
- Funding- sponsorship, government funding
- Amount of competition
- How much product/service will charge?
- Who is the target market?
- How to advertise
- Overall costing
- Running costing
- place --> location --> the way of distribution
- cost to achieve break-even
- Trends
- Possible Tax implications
- Copyright
- Moral/ethics
- interests of stakeholders
- wages for staff- training, min wage
- health and safety implications
- government laws
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