Sunday, December 17, 2006

 

What to Consider Before Choosing a Location

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.

Ken Yancey
CEOSCORE
Washington, D.C.

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