MANAGEMENT;
IT MUST BE DECIDED BEFORE THE START OF BUSINESS THAT HOW THE AFFAIRS OR WORKING OF BUSINESS SHALL BE MANAGED. THE POLICY OF HIRING EMPLOYEES AND DISTRIBUTING WORK SHOULD BE FRAMED.MOREOVER IT IS ALSO DECIDED THAT EITHER OWNERS WILL TAKE PART IN MANAGEMENT OR NOT.
AVAILABILITY OF CAPITAL;
IN PRESENT MODERN SCIENTIFIC ERA , SUCCESS AND PROSPERITY OF BUSINESS DEPEND ON THE QUANTITY OF CAPITAL. EVERY BUSINESS TRANSACTION OR ACTIVITY DEPENDS UPON IT (E.G.) PURCHASE OF LAND, BUILDING,MACHINERY, RAW MATERIAL AND PAYMENT OF WAGES ETC. NO BUSINESS CAN BE STARTED OR RUN WITHOUT CAPITAL.

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