land, money, water, market, transport, labour, energy
Establishing a monopoly in a specific industry or market typically requires a significant amount of start-up money, often in the millions or even billions of dollars, depending on the size and competitiveness of the industry. This is because monopolies involve dominating a market and eliminating competition, which can be a costly and complex process.
1.Knowledge/Expertise 2.Market/Demand 3.Total Project Costs 4.Financing/Capital 5.Competition 6.Location 7.Laws, Rules, & Regulation 8.Return on Investment 9.Technology 10.Staff/Manpower
The characteristics required to start and grow a business are very different from those required to lead an established one. Start-up require unique mindsets and drive.
how factor markets would affect a person to start a business
not staying on the corner long enough
not staying on the corner long enough
Start up capital is required in almost all new ventures. As a franchisee as apposed to a franchiser you would need capital to buy into the franchise.
You can add salt any time its required
Get a degree in chemistry. Start up a business. Get the required licences to be a drug manufacturer.
He found a steel industry in the US and set it up in pittsburgh
Some industries such as the service industry have lower start up costs for businesses and therefore make it easier for entrepreneurs to start a business and be successful in this field more than in other fields that have higher start up costs
If you want to do this kind of thing you must start by studying the industry, figure out your start up cost, set your business up online, and make sure you can write good material or have others do it for you.