CRUCIAL Factors To Consider When Choosing Your Business Location
4 min read
Location, location, location. It is all about the location. You may have the most exceptional product/service on earth, but if you are located in the middle of nowhere, you won’t make much money. This is why you must conduct a business location analysis. To help you, we have carefully selected the most crucial factors to consider, when choosing a business location for your business.
Proximity to the Market
Nearness to Suppliers
Analyse the Demographics
How Accessible is Your Business Location
Competition, to Be Closer or Not to Be?
“The closer the products are to your customers, the higher your market value. From planning future expansions, relocating to newer offices, or opening new shops in the right location can mean many things for your business.”
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