Principles of Accounting Essay Example | Topics and Well Written Essays - 750 words

Principles of chronicle - Es read ExampleWhenever some(prenominal) individual wants to invest in any certain industry therefore he must research about the scope of the industry. Whether the industry is profitable or not, who ar the jumbo players at this time in the market, how these giant players can restrict any new entrant in the market and all these type of questions must be answered initially before going for an investment. If the feasibility of any project is not completed before its start up then the chances of success are sure reduced.Another important consideration is to check ones own interest towards the new venture. If the specialised individual is not capable of grabbing that investment opportunity then he may not be able to strike it successfully. The external factors play a very important role in the trading operations of a single firm. Therefore it is necessary to check these external factors not only their influence however overly its intensity on the speci fic venture or the company which we are going to take on. Markets trends are very much important because they help to devise the strategies to operate in the market.Demand plays a very important role to boost up the profit margins of the company. It is important to check whether the products or the function which the specific company or we can secern hotel in our case is offering, are fulfilling the public demands or not. Whether the company has good reputation in the customers minds or not? It is also a worth considerable point that either the firm is just covering its costs or also making profits.Whenever we are going to talk with the owner of the company which we are going to purchase, there are certain things which should be clarified before any further negotiation. We should ask the owner about the bounce back record the hotel. Track record means the reputation of the hotel in the industry or we can say the market.The owner should be asked about the capability or in other wo rds we can say