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To name only three: -

Firstly, you need to research need, what you are trying to achieve and verify resources are suitable, available and sustainable. This includes the raw materials, the collateral to purchase these materials and a place to utilise or store these materials.

Secondly, you need to be able to convert these raw materials into a viable product that can be utilised by a consumer. Much the same way as plants convert sunshine and nutrients.

Thirdly, Demand, Cost and Efficiency. You need to know the markets current and future needs, and how to supply suitable quantities with the least expenditure over the total production and distribution cycle.

This a somewhat simplistic overview of the more complex factors of production.

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