Etini
Valued Contributor
Every thriving business seeks to grow and expand to other locations as time goes on. In as much as it is good to expand a business, there are certain factors one must check to know if the new proposed location would be Ideal for the business.
1) Political Stability: You cannot take away business from the political situation of a place. It is from there that security and infrastructure are guaranteed. A politically stable location would always have a thriving economy which would make businesses to thrive there.
2) Local Market Terrain: The prevailing market terrain around a particular geographical location would affect if your business would thrive in that location. Some business terrains require that a business should be part of a union to sell in a particular place.
These two factors must be critically considered before expanding your business from your base to another location.
1) Political Stability: You cannot take away business from the political situation of a place. It is from there that security and infrastructure are guaranteed. A politically stable location would always have a thriving economy which would make businesses to thrive there.
2) Local Market Terrain: The prevailing market terrain around a particular geographical location would affect if your business would thrive in that location. Some business terrains require that a business should be part of a union to sell in a particular place.
These two factors must be critically considered before expanding your business from your base to another location.