Choosing the best location for your small business
Of course, the best location for your small business will depend
on the type of business you're in, but here are a few things to
think about when you're choosing your location:
1. The best location for your small business could be
somewhere close to other businesses
It may sound like commercial suicide to locate your new business
close to other businesses which are offering a similar service,
but that's not necessarily the case. If you open a convenience
store near a large supermarket, for example, you could find
yourself picking up trade from people who can't be bothered
trailing around the aisles for one loaf of bread: and when the
larger store runs out of a particular item you can bet that the
first place people will come looking for it will be your store.
In general terms, if your small business is in retail, your best
chance of gaining customers could be locating in a busy area
with lots of other retailers around. That way you'll benefit
from walk-by trade, and as soon as your store opens it will
attract the attention of people who normally shop in that area
anyway.
Remember: customers are lazy, and they'll only travel to shop
with you if you're offering something they just can't get
anywhere else. If you're selling the kind of goods that are
easily available (and now that internet shopping is available,
most things are easily available), you best locate your small
business somewhere accessible.
2. The best location for your small business could be your
own home
If your small business is offering services rather than
products, the best location to start up could be your own home.
Running a business from home saves you money on many things:
travel, business clothes, equipment, food... In fact, many
service-based businesses can be started very cheaply, with just
a computer and a phone line.
The disadvantage of a home based business, of course, is that
you won't benefit from the pass-by trade mentioned above, so
you'll spend much more time marketing yourself and finding
clients if you want to be successful.
3. Could the internet be the best location for your small
business?
Basing your business online has similar advantages and
disadvantages to basing one in your home. Your start-up costs
are likely to be low, and if you're using a laptop you can
literally work from anywhere in the world, but you will have to
work harder on marketing your services in order to find those
initial clients.
About the author:
Amber McNaught is a professional copywriter offering an
affordable SEO article writing service through her company, Hot
Igloo Productions Ltd: http://www.hotigloo.co.uk
Amber is also a co-owner of the free business networking forum,
Business Buzz: http://www.businessbuzz.org