Business Ideas Is Environment contribute to the growth of business?

[Mataracy]

At times many business men and women outside there do over look the environment where the site their industry or business which is very bad.
Business can not do alone without its environment. Environment determines the success or failure of business in so many ways. One of the threat that a business or company can get from its environment is Competitors.
Company shod ways be aware of it's competitors because they can Imitate them by producing similar goods or services the produce and by so doing they may snatch their customers away and then the business will started developing problems and shortage of profit.
As well; if the business is planning to succeed it's should make sure that; the opportunity in its environment is well utilise towards the success of the business.
I think every business owner should take in to consideration the environment where they site their business and it will really help.
What is your take about this?

 

[Miki1]

Before you start a business, you first search for a site that will be good for the business (environment). So if you don't get a good or conducive environment for your business you'll only be doing a bad investment. No matter how nice your business may seem, it'll be difficult to attract customers if your business environment isn't conducive. So to say, environment is the most important thing in starting a business

 

[moonchild]

Environment affect every facet of our lives ranging from morality, values and our entire outlook of life, that is why environmental factor is a huge topic in almost every socio cultural dialogue, when it comes to business, environment can make or mar your business less you are operating a store or a warehouse business where you do not deal with consumers directly.

Because of this factor it is strongly encouraged to carry out a feasibility study in whatever business you want to invest in, because it gives you an ample time to strategize right from inventory, to location, depending on your business, location might vary greatly, for example if you open a high end music studio in a school district then there is a high tendency of not getting customers even if the location is busy.

Th point here is, understand the type of business you want to do and go to a location where your customers are.