How does location help your business grow?

[SensationalEd]

Most people do not think of their business location when starting their business or even planning on how to start their business. When it comes to business, location should be the number one considered criteria before starting up a business. Though in today's world we deal with both online and offline business and location is not considered.
But what about someone who is not socially enlightened about online business and he/she decides to start up a simple business as hairdressing. Without such person thinking of a good location to situate her business what do u think will happen to her business? Let's hear your own opinion.

 

[Jasz]

When choosing a physical location for your business, there are a number of different factors that should be taken into consideration. While it can sometimes be a daunting prospect to think about the levels of preparation and organization needed when choosing a site, the most important thing is to ensure that you find a location which not only provides everything that your business will need – but also utilizes every possible advantage to represent your business in the best possible way.

One of your biggest decisions as a new business owner, is where to set up shop. Factors to take into account may include: local population, level of competition, and availability of resources.
Businesses now value their relationship with the community in which they find themselves. The degree to which businesses and their quality of life ties does not end with good quality work space that is cheap, but it is essential for a business to feel a part of a growing network as well as being apart of the community. This is why many businesses choose to be in an urban hub or suburban setting where they have easy access to many different companies and services. Businesses will base their decisions on transportation, weather and security when choosing this sort of place over a rural area.

 

[Sotherefore]

If I have to engage in any business , I do take so many things into consideration because I can't just engage in something without carrying out my own research on it .

Talking about locating a business in a good location , sometimes the location may be populated but the demands for what you we are selling may not be high and all these things must be put into consideration, not really a high populated location or an urban settlement alone.

Apart from good location , I also considers things like the security. The security of where I will locate a business must be perfect . That will also determine or contribute to the success of a business.

In most cases, people may not really have the option of choosing a location, because of where they are staying. Sometimes the cost of moving from bad location to a good location may be higher and may not be profitable for smaller businesses.

In this case, I suggest that in any location we find ourselves , we should try and research about the location to know what is needed in the location.

This can really help us to set up a business , at the same time generate profit without having to move from one place to another.

 

[Ayuba Ernest]

Location is one important factor one has to consider before starting or setting up a business. Choosing a location is a very complicated process as you want to open up in a place where you get access to your consumers and manufacturer.
Most places where business thrive are in high density populated areas such as parks, markets, school and industrial areas. You can also choose a location where high demand of goods are needed. If you sell raw materials for business, you should make yourself available at the market place and other high demanding areas. Likewise, if you sell drugs or pharmaceutical products, you can open up your shop close to a clinic or a hospital. You can choose your location depending on what you do or sell for a living. Although, choosing location is very important, you should also consider security as a factor when choosing a good spot for your business. You should consider how quick you are to access transport facilities and other aspect. As you don't want to be stuck in an enclosed location.

 

[Abigael]

The location is very important indeed when starting a business. It determines so many things. One is that it determines how your customers will reach you. It is always best to set up your business in an area that is highly saturated with people who are interested and need what you are selling.

Another thing that the location should do is that it should be convenient for you. That is, it should be an area near where you live and so you can open and close the business at convenient hours. Unlike having to go miles each day to your store, you will waste time and transport money.

It is also important to set up your business in an area where you easily get supplies from your supplier. It should not be somewhere where you will be costed alot from transporting supplies to the extend that you make losses rather than making profits.

Lastly, the location should be somewhere acceptable by the business laws. You will only get into trouble if you set up the business in an area that is not accepted. For example, stating a bar business or liquor shop near a high school may land you into some trouble.

 

[blessingc]

Location is really important in business, your location can boost or kill your business.

When choosing a location for your business there are some factors you really need to consider.

When choosing a location for your business think about how to get staffs in such a location, if you can get qualified staffs, staffs with skills related to your kind of business.

Another thing to put into consideration is the cost of a business place in that location if it is what your business can afford. If your business can stand a costly business centre in a city or developed place you can make it.

Is it accessible to customer's? Can customers who are interested in your business locate you easily here.

On the other hand consider the competition in such an environment. If there's a big competitor then you can succeed in such a place because what you were supposed to earn will go to that competitor, he'll take your customers to you.

 

[TOZZIBLINKZ]

I definitely do not know how to emphasize this enough because location is absolutely one of the factor and that determines business success and potentials to reach higher heights . the location of a business is actually one of the factor that you need to put into proper consideration during the initial stage of establishing your business . Majority of business owners when establishing their business did not put the concept of the factor of location on where their business will be situated into proper consideration , now things have turned out really hard and unbearable for them because there is no patronage from members of the public to their businesses . Location is very important especially if your business has to do with the act of buying and selling you must make sure to be made to the market for your product or services .

For example if you are thinking of opening a provision or grocery shop where you sell essential and consumer goods or services you must make sure to sit with your business in an area with high population and also an area with busy individuals going to and fro . in this way you will create an outlook for your business from members of the public because your business will be noticed and probably attract enough clients and customers .

 

[Setho]

Location in combination with capital and labour is one of the most important aspects of business that can single-handedly be able to detect if the business is going to perform well or not . This is why a lot of people usually advocates that you should take as much time as you need in choosing a very good business location . Location can be able to impact the business in so many ways such as .

Nearness to market . You are going to be doing your business a lot of good if the place for production is going to be close to the market where you can easily be able to transport it and then save money on logistics as well as reducing the chance of food spoilage especially if you are in the agricultural industry.

Nearness to raw materials . It is very important that you should choose a business location that is close to where you are going to be getting a supply stock of raw materials . It is going to be a lot of headache if you will have to transport raw materials from a particular place to where they are going to be processed and also where they are going to be stored.

 

[CALVINDOL]

I have always emphasized the fact that the location on which a particular business is situated athletic plays a very important role in determining the success rate and potential on which such business is considered to be successful or is considered to flourish there by reaching higher heights in the future . Not all business owners are so lucky to establish a business in an area that is suitable and conducive for them that is why majority of them go bankrupt as a result of no or low patronage from members of the public . It is not about investing huge amount of capital into your business but it is all about supporting it in an area where it could be recognised and also patronized .

If your business is a time that has to do with the act of buying and selling it is absolutely necessary to situate such business in an area where there is high rate of population , another thing to take to hurt is that you must also check the crime rate of such area so as not to sit with your business in an area where half of a populations are crime indulgers looking for new established businesses to break in and steal assets and stocks .