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Choosing the right location for your small business is an important step for success. Here are some things to keep in mind when selecting your spot:
Find out if local zoning laws permit your kind of business at the site that you desire.
Make sure the site has adequate public services—such as water and sewer services, trash collection, sufficient drainage, and police and fire protection.
Determine if there’s enough affordable transportation available. Can your employees get to work? If you’re a manufacturer, are trucking services available?
Consider the surrounding community. If you’re a high-end retailer, for example, are there sufficient high-income households nearby to support your business?
Look at the other businesses in the area. Decide whether or not having direct competitors will be helpful.
Want to improve the way you run your business? Entrepreneurs, academics, and consultants from diverse industries offer practical advice on a variety of topics each business day.
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