Economic Value of Location

Location, location, location was the standard that determined profitability for many years.   Now location is only applicable to certain types of businesses.   Many circumstances must be evaluated prior to deciding on a location for your business operation. Some of these decisions make a big impact on the economic costs associated with a location. You need to identify these underlying criteria and associate costs to them. This then becomes a model to use in your decision process.

Research Your Business Plan – Part II

Business Plan

There is a process to determine the where of your plan. Sometimes it is obvious, if retail, then a retail location is ideal. If service and the customer travels to you such as a professional, then an appropriate office location is important. Focus on the type of office environment, medical should try to locate in or around other medical facilities.

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