Skip to main content

The Importance of Location When Starting a Business

We've all heard it said before: "location, location, location".  We routinely look at location when making many decisions in life, such as buying a house or choosing a school.  When deciding where to plant roots for your new business it is just as important.  Location is an extremely big factor in a company's success. While deciding what state, town, or street to build a store front, there are mny factors to look at. Your utilities will be different depending on where you set up shop.  You need to look at things like: "Are there communities nearby that have the clientele I want to attract? What is the labor market like in said area? Is this close to an interstate so that I can get stuff shipped in or out easily? Where can I put my signage to bee seen buy the most people. " Depending on what sort of company you have, you may need to look at proximity to the railroads too.  However, if you have an internet based company or maybe a business where you offer a service, the location is not as much of a factor because you don't have people coming directly to you.
The location you choose is mostly dependent upon what type of business you have.  It is possible that an unusual location/set-up will work out well.  

Comments

Post a Comment

Popular posts from this blog

Which Vendor Opportunity Is Right For My Business?

As we all know, there are many community events that are open to artists, food vendors, and businesses of all kinds.  It is important to choose the right event, one that will be the most beneficial to your business. As a food vendor, events centered around entertainment are usually easy money. Concerts, fairs, carnivals, craft shows, sporting events, things of this nature.  People are having a good time. Everyone always wants to eat good food that is convenient, right? As a consumer, I look forward to eating at new and different food trucks.  And, right now, food trucks are especially popular.  Events that are more professional or less casual probably don't offer spaces to food vendors, but if they did, I would imagine it would not be a worthwhile event.  With regard to the entertainment centered events, artists and makers would do better to devote their time to a different type of event.  People don't want to carry a $150 painting into a concert or fo...
Post a Comment
Read more

The Experience Economy

Walt Disney is a classic example of someone who took an activity and turned it into an experience. He made the idea and the adventure of going to a theme park a complete magical experience.  I think a full tour guide experience would be great. I'm sure it has been done before, but you can really expand with a tour. Rather than just taking a boring drive about the city with a guy repeating the same old mundane rubric, what if you had "characters" and activities along the route. These characters would explain the city's history throughout different time periods as the city evolved, dressed and accented according to each period. Maybe some of the characters could be famous people that grew up there. Maybe you can stop at certain points and watch someone make candy, squish a penny, take a picture by the city's oldest tree, etc. Maybe you offer treats and what not that the city is known for. You could even do this with a train! I just recently looked in a fall f...
Post a Comment
Read more

Vacant Buildings - What To Do With Them?

As we all know, there are vacant buildings and houses everywhere in the Birmingham metro area. Some of these have been condemned, deemed dangerous, are uninhabitable, etc.  Some, however, have just simply been abandoned. Frozen in time. What do we do with these buildings? Continue to let them become an overgrown eyesore? I think revitalization is a great solution. I understand that this is an expensive option, but it is possible and it is happening all over. Cities all across America are developing plans to re-grow and reinvent their city, Birmingham included.   In Huntsville, Stone Middle School was closed and put on the market in 2009.  A developer bought it in 2014 and turned it into Campus 805, an entertainment venue. Basically, they turned the classrooms into bars, restaurants, and recreational spaces. There is an arcade on the main level, axe throwing on the second level, and beer vats that stand tall in the gymnasium. They also have a large green space outs...
Post a Comment
Read more