Sunday, November 2, 2014

Location

 Some people think that a Wal Mart will hurt small businesses, but it seems that a lot of different businesses like to open close to a Wal Mart. If a business is close to Wal Mart they might get recognized quicker than if they were not close. Location when starting a new business is something that business owners have to research to find the perfect place to start their new business. To be considered a good location they have to factor in what kind of business or product they want to sell. Like, most businesses that want to be near Wal Mart is gas stations and fast food places. People need these two things after a shopping spree at Wal Mart.
 I found this article on the internet. I have posted the address in case someone might want to read the complete article. I think these are a few important thinks to consider before starting a business.

Determine Your Needs
Most businesses choose a location that provides exposure to customers. Additionally, there are less obvious factors and needs to consider, for example:
  • Brand Image – Is the location consistent with the image you want to maintain?
  • Competition – Are the businesses around you complementary or competing?
  • Local Labor Market – Does the area have potential employees? What will their commute be like?
  • Plan for Future Growth – If you anticipate further growth, look for a building that has extra space should you need it.
  • Proximity to Suppliers – They need to be able to find you easily as well.
  • Safety – Consider the crime rate. Will employees feel safe alone in the building or walking to their vehicles?
  • Zoning Regulations – These determine whether you can conduct your type of business in certain properties or locations. You can find out how property is zoned by contacting your local planning agency.
http://www.sba.gov/content/tips-choosing-business-location
  

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