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Choosing the right location for your business!
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[QUOTE="TOZZIBLINKZ, post: 233411, member: 37528"] Business location plays an important role in determining how profitable and lucrative your business will be , business location does not only mean finding a environment suitable for your business rather it also involves conducting a feasibility study about the taste and preferences of individuals living in that area so as to know whether your business will receive patronage from the public and indeed accumulate profit as expected or planned . for example if you want to open a bread factory you must first of all conduct a feasibility study about the area in which you want to establish your bread factory , you can start by finding out whether the people in that area eat bread and even though there is bread you must know what type of price of bread they usually buy so as to know the priczation of the bread in which you want to produce . information like this gotten as a result of your feasibility study will actually tell you whether to leave the area and look for a more better one or to possibly reduce the price of the bread you intend to produce and sell . Finally , if your business is the type that has to do with the act of buying and selling it must be located in an area with higher population and also it must be located in that area with low crime rate so as not to become a subject and victim to crime indulgers . [/QUOTE]
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Choosing the right location for your business!
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