Some Guidelines to Locating Your Business
Having in mind the business you have chosen, look at a prospective site taking into account the following:
1.Raw materials - Are sources of raw materials you need for your business accessible to the site?
2. Market - How far are you from your target buyers?
3. Transportation - Consider cost of transporting raw materials and finished goods. Check the availability of public transport for your customers and employees.
4. Labor - Can you employ people living in the vicinity? Do they have the skills you need? Are they within commuting distance?
5. Utilities - Are light and water available? Are these reliable and adequate?
6. Community - How are the community’s rules and regulations in relation to your business? Does the local government encourage certain types of business to set up in the area? Is it physically attractive? progressive? safe?
7. Site - If you need land, is a suitable lot available? For how much? Is it necessary to excavate or put in landfill? Is the land properly titled? If the site is within a building, what do you need in terms of lighting, air-conditioning and parking? How long is the lease contract? Are the terms affordable and fair? How much will it take you to renovate the place?
Some Guidelines to Locating Your Business.
1.Raw materials - Are sources of raw materials you need for your business accessible to the site?
2. Market - How far are you from your target buyers?
3. Transportation - Consider cost of transporting raw materials and finished goods. Check the availability of public transport for your customers and employees.
4. Labor - Can you employ people living in the vicinity? Do they have the skills you need? Are they within commuting distance?
5. Utilities - Are light and water available? Are these reliable and adequate?
6. Community - How are the community’s rules and regulations in relation to your business? Does the local government encourage certain types of business to set up in the area? Is it physically attractive? progressive? safe?
7. Site - If you need land, is a suitable lot available? For how much? Is it necessary to excavate or put in landfill? Is the land properly titled? If the site is within a building, what do you need in terms of lighting, air-conditioning and parking? How long is the lease contract? Are the terms affordable and fair? How much will it take you to renovate the place?
Some Guidelines to Locating Your Business.
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