The location of your business determines the image and success of your establishment. Choosing the location for your business is one of the most important decisions you will make as a business owner. With so much riding on the location of your business, here are 5 top tips to help you make this decision.For more detail visit here : http://www.wesrch.com

1. Fantastic Five Guidelines To Select The
Perfect Location For Your Business

2. The location of your business determines the
image and success of your establishment.
Choosing the location for your business is one of
the most important decisions you will make as a
business owner. With so much riding on the
location of your business, here are 5 top tips to
help you make this decision.

3. Financial Considerations

4. So you’ve found the perfect place and based on
what the landlord or realtor is asking, it looks like
you can afford it. Of course, the obvious cost isn’t
the whole cost. Financial factors to consider
include how much it will cost to convert the space
to your needs (renovation, decorating etc.), if the
cost of parking is included and additional tax costs

5. Traffic and Accessibility

6. Depending on the nature of your business, different
considerations regarding traffic should be taken into
account. If your business is retail based, it’s a good
idea to have a location in a busy area where you will
receive plenty of foot­traffic. A business space that is
easily accessible via good roads and public transport,
with ample parking is a bonus when considering a new
location.

7. Complementary Competition

8. Being in close proximity to your competitors needn’t
be a hindrance when selecting a location for your
business. Being in the vicinity of your competitor may
help you tap into your competitor’s customer base,
much the same way that fashion brands tend to be
neighbours. In these cases, it is best to think of your
competitors as complimentary.

9. Demographics

10. The neighbourhood in which your business is located
is essential to its success. Locating your business in an
area that mirrors your target market will give your
business the edge. The combination of providing an
excellent product or service along with the added
convenience of being nearby is a sure­fired way to
improve the standing of your business.

11. Branding

12. The location of your business is as important to your
brand as advertising. Is the potential location of your
business in line with your brand and the product or
service you are offering? You will be hard­pressed to
find a Walmart and Macy’s in the same location, as
they project very different images. Remember: The
location of your business is the first tangible
impression of your brand make it count.‒

13. www.wesrch.com