Week 11

So as a business owner how do you decide where is the best location for your business? Sometimes business owners just see an empty building as an opportunity and then other times they build their business in an open spot. Either way your business location can mean the difference between success and failure. But more than that, your business location is the linchpin for your reputation, your brand, and your profits. Here are some other factors business owners think about.

 What is your needs? Do you need a huge parking lot or a small one? Do you want a location that will provide exposure and drive foot traffic or volume to their location. Also another factor is does the location have enough population to give your business enough potential to have enough employees. Next thing is does it have a plan for growth? If your business is successful do you have more area to expand your business if need be? Lastly who is your competitors and how close are they? It could be a potential disadvantage if your located is to close to a competitor. Some people may not put much thought into why a business is where it is but more than likely the business owner put much though into it.