Is a business success and growth affected by its location.

[Axis]

Location is obviously one of the most important Factor to consider when it comes to establishing a business anyway in the world and although majority of business owners and managers do not believe that the location of a business is important but to be sincere it is. When choosing the location of a business there are certain factors a business manager or owner must put into proper consideration which amounts to the possibility for such business to succeed in the location in which a business owner intend to site such business. Consumer taste, crime rate, and marketing trend etc. Are good example of factors to consider when it comes to choosing a location for your business.

It is obviously important and necessary that the location of a business be put into proper consideration because a business is established to make profit and to get revenue and there is no possible way to achieve this if such business is not established in an area where members of the public can see it and also be attracted to patronize it.

 

[raaman]

Yes. I would say that the success and growth of a business is definitely affected by the location or the place where it is being carried out. For example, a hotel business or a simple tea stall would do well and grow fast and steady if located in a busy area or square where lot of people visit at different times of the day and night and hence you can expect good business from those visiting the area for work.