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Factors to be considered
- The capital requirements for such a venture, the entrepreneur should evaluate the amount of capital required and the availability of such funds.
- The knowledge and skills required to trade online, the entrepreneur should consider whether he posses the relevant skills required to operate the computers online and trade.
- Security of information disclosed online, the entrepreneur should consider whether he has in place adequate security to protect his business from hackers, malwares and viruses.
- Accessibility to internet and the convenience of its access by the entrepreneurs and their clients
- The type of products to be sold and the nature of the business, the entrepreneur should take into consideration the type of product and their nature.
marto answered the question on February 4, 2019 at 11:58
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