Top reasons why wrong location can kill your business

[Augusta]

it is not enough to site your business in a place but you should be careful that the location is right for your business. The truth you should know and be aware of is that wrong location can kill your business

So how can a wrong location kill a your business

Lack of accessibility: Your business needs customers or buyers to grow. If where you site business isn't accessible to your buyers then you are on a wrong location and this will kill your business.

Far from where to get raw materials or finished goods: Whether you are having a manufacturing or selling business when you site your business far from where you get your materials or goods then you would soon kill the business

Draining for employees: if you site a business where working is draining for the employees then you might soon shut the business as even coming to work for the workers will be tiring and working afterwards will bring less productive as workers are already exhausted from transporting to work daily

What's your thought?

 

[Axis]

Location of the business is one of the crucial Factor to consider before going into production or starting up a business because most times wrong location can kill and crumble your business which can be a horrible experience.
When you cite or situate your business in the wrong location you will suffer many problems such as nearness to the source of raw materials and also nearness to the market as well. When you set your business far from where you get raw materials it will be difficult for you to transport this raw materials from their source to where it is being produced and manufactured. And sometimes this process can cost a lot of money to transport and so it is vital for one to give careful consideration on where he or she is locating his or her business.
And also wrong locations can make it difficult for you to transport your goods from where it is being manufacture to the market. And when is seems difficult for you to transport this goods you might lose a lot of money especially when the demand of such goods is high and this can lead to crumbling of a business

 

[eldavis]

Location of the business plays a major role when it comes to the growth of the business. I have come across so many persons whose business has failed due to their business location. Let's say for example a person who is into selling of children accessories like school bags, shoes, cloths and the likes, would definitely have more sales if their business is located close to a nursery school compared to someone who is into the same business but it's located close to an old people's home.

 

[Chibson]

Good location is one of the things you need to put into consideration whenever you are trying to venture into any business because if you make mistakes you can actually drain your business and end up not succeeding.

I am surprised that some business people always neglect the importance of good location and this usually affects their business after some period of time.

One of the things I advise people to do before locating their businesses in a particular place is trying as much as possible to conduct a survey on the people who have been doing businesses in a particular area and of course the residents of that particular area to know exactly what they want.

Once you are able to identify what people want in a particular location then you can give it to them and on the long run you'll probably succeed. One of the best ways of making money is to solve problems and that can only be done if you are able to understand it.

 

[Etini]

Some businesses are very location sensitive. With that kind of business, you have to solve a problem that people in that particular location are particular about. Imagine selling diapers in a location that is dominated by students. It won't just fly. That is why feasibility is important before starting any business.

It is from the feasibility that one can determine if a particular business can succeed in a particular location. Some people just start businesses without recourse to how the location affects the business. POS business, food business, laundry, and groceries business are the businesses that are location sensitive.

However, some businesses defy locations and would do well in any location. Also, the advent of technology and delivery services has broken geographical barriers in business. As a businessman, evaluate how location affects your business. There is no need to answer questions that no one is asking. Location is actually important to consider.

 

[Ithedicious]

Wrong location is one of the major reasons why so many people are not succeeding in the business they have established . Normally there are so many disadvantage of starting up a business in the wrong location. There are so many reasons why a business location could be considered wrong and one of the greatest reason is lack of sources of raw materials for production.

When business are being established in a location that lacks the raw materials needed for quick and easy production of goods and services , it will bring a lot of stress to the business in the sense that they have to go extra miles to get the necessary materials for production.

Nearest to market is also very important and good roads transportation network. When all these things is not available in a location that a business is being established then such business could be considered a business in a wrong location.