Setting up a business in the right location.

CALVINDOL

VIP Contributor
Majority of people today are so desperate to the fact that they are not able to consider some setting and key factors that they should have considered when trying to setup a particular business . Assuming that a person indeed has the requisite capital and authority to establish a business that he or she possibly want to establish he or she must also understand that having a capital is not the only thing mandatory in starting up a business but rather another key factors that must be considered when starting a business is the location in which the business would be situated . It is absolutely very saddened and never congratulate it to see that the majority of business owner do not know how important the location of your business is and how far the location of a business absolutely determined the success rate of a particular business .

In order to set up a business in the right and proper location first of all you must ask yourself what you are looking for in the business . And the answer to that question can be answered when you determine whether the business will be a service provider kind of business or a business that deal on the act of buying and selling . According to experience a business that deals with the act of buying and selling that is sells commodity to members to buy in order to make income such a business must be situated in an area with high population , because it is assumed that the higher the population the higher the ability for such business to make profit and income .
 

TOZZIBLINKZ

VIP Contributor
The location of your business totally plays a very important role in determining the success rate of the business and if you may have ever run through my previously posted threads and comments , you will come to see that I have made mention countless of times how important it is for a business owner to put into consideration the location in which he or she intends to establish his or her business because the ability for his business to prosper and succeed basically depends on the location of such a business .

Let us put it in a little senior role by illustrating the fact that you want to establish a water sachet industry and then established it in an area weird people do not fancy the drinking of sachet water but rather they get their water from streams and lakes and on rivers and after passing through some sort of water purification the water becomes safe for them to drink . If you establish such business or industry here there is every possibility that your business will not yield something rewarding or wouldn't prosper at all . That is why it is advised that in order to avoid this you must conduct a feasibility study on the location you have chosen to establish your business on your company so as not to make losses but rather profit .
 

Hassanbenjamin

Active member
Majority of people today are so desperate to the fact that they are not able to consider some setting and key factors that they should have considered when trying to setup a particular business . Assuming that a person indeed has the requisite capital and authority to establish a business that he or she possibly want to establish he or she must also understand that having a capital is not the only thing mandatory in starting up a business but rather another key factors that must be considered when starting a business is the location in which the business would be situated . It is absolutely very saddened and never congratulate it to see that the majority of business owner do not know how important the location of your business is and how far the location of a business absolutely determined the success rate of a particular business .

In order to set up a business in the right and proper location first of all you must ask yourself what you are looking for in the business . And the answer to that question can be answered when you determine whether the business will be a service provider kind of business or a business that deal on the act of buying and selling . According to experience a business that deals with the act of buying and selling that is sells commodity to members to buy in order to make income such a business must be situated in an area with high population , because it is assumed that the higher the population the higher the ability for such business to make profit and income .
Perfectly said. Business is not a thing of getting a capital and it is a done deal, no.
 

Suba

Moderator
Staff member
Getting the right and strategic business location is not as easy as we imagine, the right business location will set very high rental costs. and may be a high cost burden for beginners who are just starting a business. It is better for entrepreneurs to adjust their budgets by choosing alternative locations but still adhering to the principle of business location, besides population density we can also see their income statistics, business locations are crowded and many people are passing by, but if necessary pay attention to the safety factor.
 

Sotherefore

VIP Contributor
As you have said , it is very important for us you know the reason we are starting a business because that will help us to also know the right location that will be needed to set up the business for maximum profit . We have to understand that not all business are suitable in all locations and some business may required an industrial location while others may require a residential location depending on what you are dealing.

Apart from asking yourself what you need from the Business , you also need to ask yourself what your clients will always be looking for in your business, this will help you determine if you will have such clients in the location you are setting the business or not.

This is only applicable to most complicated business because in most cases some business are likely to be much more suitable in all location as long as there is a general high population of people.
 

Jasz

VIP Contributor
If you are 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.
 
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