Before starting a business the first thing to consider is what line of business you're going to take. Your business should offer the daily needs of people. With this idea, its a sure thing that you won't loss on your business.
I agree with this. Yes, I think that too. There is q big possibility of gaining and not losing if your business is in demand by all people. Like for instance the prime commodities, clothing and others.
Yeah you have to consider a lot of things. not only the products that you sell are according to their needs or not but there are many other things like your product must last a long time to avoid losses when not sold/ then follow the existing trends. new innovations and so on