FACTORS TO BE CONSIDERED WHILE CHOOSING INDUSTRY

Abstract

Whether you already have an idea for a new business or are just interested in becoming your own boss, it’s important to know a thing or two about the industry you’ll be getting into. After all, who’s going to loan you money if you don’t know where your industry is headed? And how do you plan to succeed if you don’t understand the competition?

Business is the activity of making one's living or making money by producing or buying and selling products such as goods and services. Simply put, it is "any activity or enterprise entered into for profit.