The ways for choosing the location of your business

Re: The ways for choosing the location of your business

There are also many other factors which affects decision of selecting the business location.They are given below:

• Proximity of customer
• Business climate
• Total cost of business
• Infrastructure
• Availability of quality of labor
• Availability of transportation
• Suppliers
• Availability of electricity, water, and raw material
• Banking facility and ware housing facility
• Health facility
• Political stability
• Interest of host community in the business

And many more factors are there which directly affects the success of the business.

Re: The ways for choosing the location of your business

Before you choose your location for your business, look at your industry and your product. Look at the other businesses in the area and decide whether or not having direct competitors will be helpful. You can see the answers through observation.

Re: The ways for choosing the location of your business

Remember the old business motto "Location, location, location"?
Well thanks to the Internet location no longer matters as much.

^AM

Re: The ways for choosing the location of your business

Before deciding to set up shop somewhere, investigate the community. Read some of the local newspapers. Visit the library and do some research on the history of the place. Speak with other small business owners in the area. Ask them if their business is succeeding and if they think your business would do well there. Try to find out how receptive the established business community is to new businesses that come to town.

Re: The ways for choosing the location of your business

rob24;45947 wrote: Hello,

The location of your business plays an important role for the success. if you have choose the right location than you take your first and an important step to success.

1.Find out if local zoning laws permit your kind of business at the site that you desire.

2.Make sure the site has adequate public services—such as water and sewer services, trash collection, adequate drainage, and police and fire protection.

3.Determine if there’s adequate, affordable transportation. Can your employees get to work? If you’re a manufacturer, are trucking services available?

4.Consider the surrounding community. If you’re a high-end retailer, for example, are there sufficient high-income households nearby to support your business?

5.Look at the other businesses in the area. Decide whether or not having direct competitors will be helpful.

Thank you for your valuable time

business is good for everyone =)

Re: The ways for choosing the location of your business

Other than choosing a crowded location to get more customers, you should also be aware of the safety of your products or services being offered.

Re: The ways for choosing the location of your business

Is this free?

Re: The ways for choosing the location of your business

important location is for your new company depends on the type of business, the facilities and other resources you need, as well as where your customers are.

If you're in retailing or if you manufacture a product and distribution is a critical element of your overall operation, then geographical location is extremely important. If your business is information- or service-related, the actual location takes a back seat to whether or not the facility itself can meet your needs.
Regardless of the nature of your business, before you start shopping for space, you need to have a clear picture of what you must have, what you'd like to have, what you absolutely won't tolerate and how much you're able to pay. Developing that picture can be a time-consuming process that is both exciting and tedious, but it's essential that you give it the attention it deserves.

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