How to choose the perfect location for your business
Posted: Sun Feb 02, 2025 4:36 am
Choosing the right product or service to sell is just as important as choosing where you are going to sell it, since sometimes the location of a business is what leads to its inevitable failure. To prevent this from happening to you, we are going to give you some tips that will help you choose the right location for your business.
Guidelines for choosing a business location
Listen to your common sense
Believe us, it never fails. Even if your intuition sometimes tells you obvious things, don't dismiss them. If you're going to open a stationery store or a toy store, do it near a school, if you want to start a supermarket franchise, do it in a residential area and if you want to open a bar or restaurant, do it near a metro station or bus stop, since many people stop there for breakfast in the morning or, if they go out for dinner, they appreciate that there is public transport nearby to get home without having to take the car.
Analyze the competition
An important factor for your business to run smoothly is to bolivia number data have much competition nearby, as it is difficult to compete against an established business. Walk around the areas that interest you most in search of a location away from potential competitors and, if you find it impossible to find a place with these characteristics, you will have to work to differentiate yourself from the competition by offering different products, attractive promotions or, in general, cheaper prices.
Apartment or premises at street level?
It all depends on the type of business you want to set up. If you are going to open a shop, it will obviously have to be on the street and in a busy area. But if, for example, you are going to open a real estate agency or an agency, it is not essential that you choose a commercial premises . You can establish the headquarters of your company in an apartment and mark it with signs.
You may also be interested in Tools to set up your own e-commerce
Visibility of the premises
Whether your premises are in a building or on the street, the busier the street, the better. But it's not enough to just have a lot of people on the street; you also need to check how visible the premises are. Do different tests and see how they look from a distance and from a car, and pay special attention to whether the signs and window display are clearly visible.
The purchase or rental price
If you have several options for premises that fit your requirements, even though it may seem like a very simple argument, choose the cheapest one. Saving costs is essential, especially at the beginning, when you still don't know for sure how much profit your business will generate.
Choosing a location for your business can be a real adventure, but with these tips and a little time, you will surely find the ideal location !
Guidelines for choosing a business location
Listen to your common sense
Believe us, it never fails. Even if your intuition sometimes tells you obvious things, don't dismiss them. If you're going to open a stationery store or a toy store, do it near a school, if you want to start a supermarket franchise, do it in a residential area and if you want to open a bar or restaurant, do it near a metro station or bus stop, since many people stop there for breakfast in the morning or, if they go out for dinner, they appreciate that there is public transport nearby to get home without having to take the car.
Analyze the competition
An important factor for your business to run smoothly is to bolivia number data have much competition nearby, as it is difficult to compete against an established business. Walk around the areas that interest you most in search of a location away from potential competitors and, if you find it impossible to find a place with these characteristics, you will have to work to differentiate yourself from the competition by offering different products, attractive promotions or, in general, cheaper prices.
Apartment or premises at street level?
It all depends on the type of business you want to set up. If you are going to open a shop, it will obviously have to be on the street and in a busy area. But if, for example, you are going to open a real estate agency or an agency, it is not essential that you choose a commercial premises . You can establish the headquarters of your company in an apartment and mark it with signs.
You may also be interested in Tools to set up your own e-commerce
Visibility of the premises
Whether your premises are in a building or on the street, the busier the street, the better. But it's not enough to just have a lot of people on the street; you also need to check how visible the premises are. Do different tests and see how they look from a distance and from a car, and pay special attention to whether the signs and window display are clearly visible.
The purchase or rental price
If you have several options for premises that fit your requirements, even though it may seem like a very simple argument, choose the cheapest one. Saving costs is essential, especially at the beginning, when you still don't know for sure how much profit your business will generate.
Choosing a location for your business can be a real adventure, but with these tips and a little time, you will surely find the ideal location !