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Two Approaches in Choosing a Location for Your Business
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[QUOTE="funmi, post: 218856, member: 38880"] In the course of planning a business venture, one of the strategic factor that will determine the success of the business is the business location when we fail to get a good location it is most likely the business will not really succeed. Because I want to believe that the major aim of any business person is to maximize profit. So the only way we can maximize profit is to increase sales. In a situation where sales in not coming in then it is most likely the object of starting a business in the first instance will be forfeited. Now on sighting location of a business we really need to consider a lot of factors but two of them stands unique amongst the pack. One of the major factor to put into consideration is the closeness to the raw material that will.be use for production, let's say some that wants to go into refining of crude oil, it will be best to sight such a company in the southern part of Nigeria rather going to the north due to the nearness to raw material. Another factor will be nearness to the target market, this is very important because if the business unit is far away from it target client on will incure more expense on transportation [/QUOTE]
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Two Approaches in Choosing a Location for Your Business
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