The location of a business can have a direct impact on its access to customers and markets. For example, a retail store located in a busy shopping district is more likely to have a steady stream of customers compared to one located in a remote area.
Influence of location on business
- Thread starter Johnson2468
- Start date
Actually, is true. This is one of my major challenges. My business is located in remote area and it is always difficult to see buyers. Am looking for fund to locate to urban area. Moreover, shops in urban area is very costly.
The location of your business has a very high level of influence to the business. It can make and at the same time break the business. Every business has a specific location where the business would sell more. As the business owner you need to find these locations.
Location play the most important role in the smooth running of a business because that is what will enhance productivity.
Selecting the right location is critical to the success of a business. If you are running a retail shop, your shop should be located in a busy area so that customers may find you easily. If your business is wholesale, or doing R&D, you may choose a more remote location and pay a lower rent.
