That's what we are talking about dear. When it comes to business, every business has its own suitable location. And all locations doesn't match every business. Before going on with any of the business that got potential, we need to take some surveys to ascertain the location suiting to it. In order to operate and achieve the aim of the business.
That is exactly my point. There are some business meant for the urban settlement and there are some others meant for the rural regions also. So it's best before setting up a business, you make market survey on the location to cite you business for maximum turnout or profit. It's one of the necessary things to actually consider.
In that case, The sale of generators in the urban area where there is almost steady electricity won't also be a good idea or prove to be lucrative. Selling food stuffs in the rural areas seems nice as I think that's the most common commodity they actually do patronize or even torch lights. My point is just that there are some business meant for a particular location.
Even generator business can't excel in the rural area cos not every one is interested using it in the rural area due to lack of money. The urban is known as the home of business, and the village is seen for small business initiative for those that deals on selling food stocks and other eatables. If you want exposure for any of your business go sell in a populated environment.
The pandemic issue came to shake many companies and industries and hotel is one of them that was mostly affected. However, it's true for hotel to thrive well and he successfully one has to consider the points you've listed above and adhere to them. Also to get the hotel profits and ensure everything runs smoothly, one should be able to do all those mentioned things you've stated.
Yeah, I do agree with you on this. There are just businesses that aren't meant for the rural areas while some others are. For instance, selling of generators in the rural area could be very lucrative due to little or total lack of electricity but selling such goods in the urban area and expecting it to thrive is even in itself very absurd as there is a regular electricity supply.
And hotel investment is that kind of business that is not for rural areas. The patronage you get there can't be compared to one who established he's on an open environment crowded by people from different ethnicity. In the village, they aren't accustomed to move out like that, enjoy their lives, and poke fun. Reason: most of them are simply poor.
Yeah, you understand my point. Considering the location of your business before setting it up is really very important for the growth of the business. Eg. The hotel business can be both lucrative and detrimental depending on how and where you cite it. Am not actually condemning opening business in rural areas but there are just some businesses that will only thrive in the urban settlement.
Yes, hotel investment can't bring the right profit we've always hoped for if we establish it in the rural area. The beat place to operate such kind of investment is in the urban area. That's why we need to always plan to determine the best suitable location for whatever business we are going into in order to improve the income consistently.
I don't really think building a hotel especially if it's a very standard type of hotel in the rural area will be very lucrative. People living in this region might no even be able to afford the cost of the services or commodities you offer. So I would recommend it's setup in an urban region.
