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Things you must consider before choosing your business location!
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[QUOTE="Kendy, post: 220184, member: 63869"] In setting up a business venture, the location is very important in ascertaining the potential success of the proposed business. Location plays an important role in helping the business owner maximize sales. The location should be setup in a place where the target audience is readily accessible. There is no business no matter how lucrative that would thrive successfully if it is not situated in a strategic location. A business owner who runs a clothing shop for men wears, yet locates the business in front of a university or college that is strictly for females will seldomly have sales. It is almost like an abberation because obviously, the business owner has misfired by opening or situating the business in such location. Also, running a restaurant business might be very profitable no doubt, but if this business is situated in an area which is more like an estate and the inhabitants like to remain indoors, sales would be lower when compared to someone that situate his in a busy school environment whereby students are restricted to cook in the hostels. On the business plan, location should always be of major concern. Do not settle for less because of the cheap price of a shop but go for a feasible location. [/QUOTE]
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Things you must consider before choosing your business location!
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