Size of your market
The size size of your market will determine the demand. How much will you produce to escape the loose cost.
Area
Allocation of your business goes hand to hand with the demand of a particular area. When you start business research you should put awareness on the area if the market favour your business
Customers information
In your business customer is a very important person. Acknowledge him or her , study them , you should know what they prefer. perhaps your selling clothes. know their size and color, Feel their taste of fashion . Categories them by age and gender.
Competitor information and their number
Their is no growth without challenge .their is no challenge without competitors in business . These people will wakeup everymorning to win the customer's heart .know your competitor you won't be at the back of the match . Go deeply to identify their strength "what keeps them going on" and weakness " what is that they can't do "
Economic level of your customer
As important as the customer's pocket is your concern. Am I going to sell on credit or my prize is going to be a little cheaper . How can I serve my costumer to their economical level ?. You find a way so as to pleasure your customer accordingly .
