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I have revived number and number of calls, emails, and messages from people requesting to know the best lucrative business. It is actually disturbing for one searching for a perfect business to start for no one wants to invest without hope of a better return on investment on a short run. So I consider this question thus serious and important so have decided to share it with you “ factors that favor starting up a lucrative business”
Permit me to start by stating the fact that all business is lucrative and profit-yielding never the less there is no such thing as a perfect or most lucrative business, all business is lucrative and profit-yielding if not would be called a business.
Factors that favor starting up a lucrative business helps you consider the challenges of man and also helps you provide solutions to them. Every business is as a result of man's problem and the quest of a business idea man to solve those problems that have made way for earnings. So a business is lucrative if highly patronized, and a business is not patronized if they don't provide high solutions to man's problems.
In starting up a business one must consider the factors that favor starting up a lucrative business:
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PROXIMITY TO CUSTOMERS
HIGH POPULATION OF CUSTOMERS
AVAILABILITY OF RAW MATERIALS
This is the fact to consider prior starting up a business as they determine the lucrative of a business. Th geographical location, availability of raw materials, demand rate, and nearness to customers determines lucrativeness
Lucrative is either = high demand with low or equal supply or = high supply with low or no demand
In either way, the form factors are the determinants.
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