Location
Location, Location, Location. Many people claim that for retailing, location should be listed 9 out of 10 times, if the business is going to operate from a successful site. Location is important for all businesses, but it takes on a crucial importance for some businesses, particularly retailing and also for businesses which must operate within specific council zones or in close proximity to other infrastructure eg shipping ports, railways, CBD offices etc.
Some of the questions to consider are:-
• Will the location be suitable in 5 years time?
• Can you expand from your present site?
• Are your neighbours compatible to your business?
• Are your customers comfortable in your location?
• Is your location going to be affected by a change in roads, highways, bridges that might affect traffic flow?
Business Plans – Some Questions to Consider
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This post is part of the 50-part series “Business Plans – Some Questions to Consider” (yes, there will be 50 of them!).
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Article by Christie Lewis
Christie is Practice Manager at Alan Lewis Accountants . Besides accounting, her passion is for all things small business (and blogging, of course). You can contact Christie directly at christie@lewistaxation.com.au.
Christie has written 799 awesome articles for us at Alan Lewis Accountants – BLOG
Twitter: @christielewis
