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Business strategy
Factors to Consider when Choosing a Business Location
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[QUOTE="Yusra3, post: 303721, member: 31907"] When you're thinking about where to locate your business, there are a lot of factors that should be considered. Here are some of the most important ones: Location: The most obvious factor is location where will you be located? What kinds of transportation options do you have? How easy is it to get to other locations? Accessibility: Do you want your customers to be able to walk in and out of your store without having to drive or take public transportation? If so, then consider whether or not there's an entrance on foot or by bike (or both). Space: What kind of space will you need for your business? Will it be small enough so that it doesn't take up too much room in the building where it's located? Or will it require a lot more space than most people would expect from a retail store? Costs: How much money are you going to spend on renting/buying property for this location? What percentage of total revenue do these costs make up for each month? [/QUOTE]
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