#1
June 29th, 2016, 11:06 AM
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Location for a Business
Hello friend I want some tips on choosing business location so can you help me on this matter here?
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#2
June 29th, 2016, 11:11 AM
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Re: Location for a Business
Choosing a business location is perhaps the most important decision a small business owner or startup will make, so it requires precise planning and research. It involves looking at demographics, assessing your supply chain, scoping the competition, staying on budget, understanding state laws and taxes, and much more. Tips Brand Image Is the location consistent with the image you want to maintain? Competition Are the businesses around you complementary or competing? Local Labor Market Does the area have potential employees? What will their commute be like? Plan for Future Growth If you anticipate further growth, look for a building that has extra space should you need it. Proximity to Suppliers They need to be able to find you easily as well. Safety Consider the crime rate. Will employees feel safe alone in the building or walking to their vehicles? Zoning Regulations These determine whether you can conduct your type of business in certain properties or locations. You can find out how property is zoned by contacting your local planning agency. Factores affecting business location Raw Materials Cheap land Amenities Good Transport Infrastructure Employees Customers |