Business plan selecting a location, choose a location | broadfoot.biz
Do you need meeting space, but only occasionally? It's time to put location at the top of your to-do list.
Unless you're a completely home-based businessthis will require buying or leasing a business premises. That's not necessarily a bad thing, but a factor to consider.
Types of business premises
Why relocate your business? If you own a retail business, do you want a traditional store or an online store? Is the facility located in an area zoned for your type of business? That previous occupants have been wildly successful is certainly a good sign, but temper that with information on what type of businesses they were compared to yours.
Examples of business premises include a: Remember, you're the one who has to work there every day.
Gather information about the demographic and economic characteristics of the areas you're interested in. One office option to consider is an executive business plan selecting a location, where the landlord provides receptionist and secretarial services, faxing, photocopying, conference rooms and other support services as part of the space package.
More from Entrepreneur
Follow 1BusinessTown Factors to Consider When Choosing a Business Location Before you start looking for a business location, you should have a clear picture of what you have and what you want to have in future.
Cities for Essays with good thesis statements Business.
Contact local councils. Regardless of the nature of your business, before you start shopping for space, you need to have a clear picture of what you must have, what you'd like to have, what you absolutely won't tolerate and how much you're able to pay.
You might end up catching the excess from nearby businesses if you are situated near an entertainment area or restaurant. Is parking space available and adequate?
It's a good idea to hire an independent engineer to check this out for you so you're sure to have an objective evaluation. But the ability to attract and keep good employees will be affected by your location.
Knowing What to Ask
Why I joined the Virgin Media graduate scheme 3. Negotiating a lease that works for you and your business is just as important as the location itself. For example, if you sell productsthis can involve deciding the best location to set up a retail shop and exploring the buying or leasing property options available in that area.
If your business involves manufacturing or heavy distribution, you'll need a plant or warehouse facility. Are other shops and services you and your employees might want conveniently located?
Choosing A Location For Your Business - broadfoot.biz
Particularly if you're targeting a local market, be business plan selecting a location your location accurately reflects the image you want to project. Make sure you've got an up-to-date marketing plan and that your chosen location is in line with your business goals and objectives.
Is there a nearby day-care center for employees with children? This is critical for some service providers and retailers but not so for other businesses.
Six factors to consider when choosing a location for your business | Virgin
It would also be a good idea to check the history of the site and consider how it has changed over the years. Therefore, it is important to research the average Business Rates including rent, utility bills and taxes in the area to ensure you can afford the premises.
Make sure that there is sufficient parking for employees and customers. Find out where they are located and the type of business plan selecting a location they use to sell products and services. You'll also find retail space in airports and other transportation facilities, hotel lobbies, sports stadiums, and a variety of temporary or special event venues.