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    What are essential factors in prioritizing business projects

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    What are essential factors in considering prioritizing projects or programs for building a business?

    © BrainMass Inc. brainmass.com June 3, 2020, 10:44 pm ad1c9bdddf
    https://brainmass.com/business/business-management/what-are-essential-factors-in-prioritizing-business-projects-247157

    Solution Preview

    In my many years of discussing new businesses with clients, I came to the conclusion that there are three essential factors needed to become an independent and self-employed business person. I call them the three "C" as follows:

    Competence

    This factor includes confidence in yourself or in your idea about a business. It may mean the ability to gather information or understand a market or develop a niche to fill. It is the core idea, the 'light bulb', so to speak, that says, I think I see how I can be successful in a new venture. For some, this might be the hardest part, but for others, they may have always known.

    Capital

    This is ...

    Solution Summary

    In a 428 word solution, the response lists and explains what the author considers the three essential factors necessary for a successful business operation. The solution is cited for further information.

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