Friday, May 23, 2014

Tips on choosing location for your business



I assume that anyone who would like to open up a business
spend a lot of time looking around
for their prospect location.

How do I know if I choose the right location for my business?
That is a good question.

Have you tried to make a business plan?
Isn't it included in your plan?
If you have made yourself a business plan, I'm sure you already have the guide
on how to choose your location.

Anyway, the best thing to do is make your own research on
a specific location.
You must have your list of the following to guide you:

1. target market
2. affordability
3. within the proximity of your raw materials if possible
4. where so many traffic of people surrounding your area.
5. not prone to flooding
6. utilities is present (like electricity, water, internet connection..etc)
7. check also the frequency of thieves or incidence of burglar cases.
8. at least there were no bad records for the past owner or tenant.

so on and so forth.
If you miss out any of these things, then you will have a problem to address later on.
Location, location, location.
Find your perfect location, do not rush things.
Analyze first your target location, ask someone else opinion,
Be open to other's suggestion.
Make your own research.
Find your SELF.

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