Setho
VIP Contributor
We have probably been taught on the factors of production in our secondary school. This is usually including capital, land , labour and enterpreneurship. This is combined going to be the most important aspects of every business and they can be able to go as far as dictating if the business is going to be successful or not .
This means that you are not just going to select any kind of place in order to start your business but you should always ensure that they meet some certain criteria to put you at the pedestal for success .
1. Security . The security of the location is perhaps the most important aspect of every business location . You will definitely want a place that is free from occasional crisis , that can be able to guarantee the security of your employees as well as the security of your product and assets .
2. Nearness to market . You are going to be spending a lot of money in order to transport your products from where they are produced to the one that intentionally needs them . This is why it is good to choose a location that is close to your supply stock .
3. Less taxes . You must have wondered why a lot of big technological companies are usually located in California . This is because locating your business there usually attract lesser taxes and burden.
This means that you are not just going to select any kind of place in order to start your business but you should always ensure that they meet some certain criteria to put you at the pedestal for success .
1. Security . The security of the location is perhaps the most important aspect of every business location . You will definitely want a place that is free from occasional crisis , that can be able to guarantee the security of your employees as well as the security of your product and assets .
2. Nearness to market . You are going to be spending a lot of money in order to transport your products from where they are produced to the one that intentionally needs them . This is why it is good to choose a location that is close to your supply stock .
3. Less taxes . You must have wondered why a lot of big technological companies are usually located in California . This is because locating your business there usually attract lesser taxes and burden.