Why location of businesses is critical to small-scale retailers.

[TOZZIBLINKZ]

It may literally not be mandatory for a manufacturing corporation business or company to be concerned about its location . This is because majority of producing and manufacturing companies and industries need to be isolated from where people are saying possibly because they have big generators that generate huge amount of garbage waste and smokes . And so they need to be isolated in an area free from individuals so as not to pollute the areas making it unconducive for individuals to live . The kind of businesses that absolutely depend on the location in which it is been situated in order to survive I are mostly retail business .

As we already know a retailer is someone that is in charge and managed a retail business and by definition a retail business is a kind of business where an individual known as the retailer buys goods from the wholesaler in order to sell it in bits to the final consumer . A little business situated in an area with high population of individuals will totally make profit especially if the business is actually the only existing retail business in the area . But if a retail business of any kind is been situated in an area with low and an insufficient amount of population such business has the potential to make no or low profit .

 

[btaliat]

Location as it serves as the major determinant for the large scale business, that's how it serves as a major determinant for small scale business. If a small scale owner fails to choose the right place or location for his business, there is tendency that the business may not live to see the light of the day.

Location will ensure that the intending small scale business owner choose the place where there will will be concentration of market. That is, those people that will be the intending customers. Most time, the type of product that will deal with determine the kind of location to choose.

Location will also help the small scale business owner to beat up the stiff competition. There is no doubt that one of the major problem of a small scale business owner is that of competitorrs. So to really fight against this, it is better for a business owner to choose the place where there won't be much competitors.


A business owner especially those that are scale business owner will always be better off when they choose a location where there are many people to patronise their goods and products. That's why estate may not not really be a good place for a small scale business owner.

 

[Ayuba Ernest]

Location is critical to small-scale retailers for a number of reasons. First, retailers need to be situated in areas with high foot traffic in order to maximize exposure to potential customers. Second, the rent for retail space is often expensive, so retailers need to be strategic in their choice of location in order to keep costs down. Finally, the local competition can have a big impact on a retailer's success, so it's important to choose a location that gives the retailer a competitive advantage.

One of the most important factors to consider when choosing a location for a small-scale retail business is foot traffic. Retailers want to be situated in areas where there is a lot of foot traffic, such as near a busy intersection or in a shopping mall. This ensures that potential customers will be exposed to the retailer's products and services.

Another important factor to consider when choosing a location for a small-scale retail business is the cost of rent. Retail space is often expensive, so retailers need to be strategic in their choice of location in order to keep costs down. One way to do this is to choose a location that is not in a prime retail area but is still accessible to potential customers.

The local competition can also have a big impact on a retailer's success. When choosing a location, retailers need to consider the competition in the area. If the competition is too fierce, it may be difficult for the retailer to succeed. However, if the competition is not too strong, the retailer may be able to gain a competitive advantage.

 

[CALVINDOL]

In every major streets and roads that you enter you must always say a retail business possibly a grocery store or any other retail services and business . The business factor of location actually affects the existence of a retail business and is also affects the ability for a little business to be successful and profitable as well . Every time business owner must first of all put into consideration where he want to situate his or her business this is because one thing about retail businesses that they had the population of the area in which it is situated then the higher the potential of the retail business to make profit and to be profitable .

If a retail business is situated or established in an area with low population . There is literally every possibility that such business would not make profit as expected or planned . Majority of retail business owners have gone bankrupt and shut down as a result of their business not in the right location conducive for the business prosperity . For a little business to prosper it must be or it is mandatory that the business must be situated in an area with higher population of individual ready to patronize the business .

 

[Chibson]

Location is always very important and necessary for any business to succeed especially small scale businesses.

If you have a small scale business and you are not in a good location your chances of succeeding in such a business will be very low.

There are some major things you need to consider before is it with your small scale business in any place because if you do not put those things into consideration you may end up making a mistake that will make you lose a lot of money in your business venture.

The first thing you need to consider is the number of people who might be interested in the business you are doing living in that particular location. You need to conduct a survey and make proper enquiry on what people in a particular location actually need.

Another major thing you need to consider is competition. It is always very important and necessary that you go to an area that does not have a lot of competition as a small-scale business owner. This is because it will give you the opportunity to be monopolistic and make a lot of profit on the long run as a small-scale business.

This does not mean that you shouldn't compete because competition is sometimes unavoidable in businesses but you must try as much as possible to look for a location that does not have so much competition.