Business location

[Mikky]

You should know the best location for your business if the area pertains to what business you wish to do

Yeah, setting up a business in a location where the demand is high and also favour the business

 

[Bisolami]

Yeah, setting up a business in a location where the demand is high and also favour the business

Exactly
It's just like you selling cloth. You can sell in University areas because students will buy

 

[Mikky]

Exactly
It's just like you selling cloth. You can sell in University areas because students will buy

Yeah much sales will be made in such area depending of the type you in intend selling.

 

[Bisolami]

Yeah much sales will be made in such area depending of the type you in intend selling.

You're right ooh. It has to be the type that students will love to wear.

 

[Mikky]

You're right ooh. It has to be the type that students will love to wear.

Yeah, and also affordable for them

 

[Bisolami]

Yeah, and also affordable for them

Do you know Yaba? It's a place in Lagos state where people buy their clothes

 

[Mikky]

Do you know Yaba? It's a place in Lagos state where people buy their clothes

Yaba is a very popular place even those outside Lagos buy and sells there .

 

[Bisolami]

Yaba is a very popular place even those outside Lagos buy and sells there .

You're right. Yaba is a very popular place. I used to buy my cloth there

 

[Mikky]

You're right. Yaba is a very popular place. I used to buy my cloth there

Although I don't but I hear there are nice deals there.

 

[Citrus]

A urban area preferably where people crowd often maybe near a landmark

 

[Golden9]

Choosing a location for your business should depend on the type of business and your audience.

The most common idea is to locate it in a place with a lot of people, but agriculture is a type of business too, and the best location for a large farm would be on the outskirts of town.

You want to have ease of access to your customers, to raw materials and utilities.

 

[Mikky]

Choosing a location for your business should depend on the type of business and your audience.

The most common idea is to locate it in a place with a lot of people, but agriculture is a type of business too, and the best location for a large farm would be on the outskirts of town.

You want to have ease of access to your customers, to raw materials and utilities.

Exactly the best location is where you have easy access to both customers and raw materials.

 

[Enxx]

There are some business that don't requires location but customers will come like fish business

 

[hastral45]

The location of your business and nearness to the market matters a lot. Although this cannot pose a problem where there is good network of feeding roads.

 

[Bisolami]

There are some business that don't requires location but customers will come like fish business

I think the typical example of the kind of business is grocery business because grocery is needed in our everyday life and people will surely patronize you no matter where you are

 

[misha]

Location is very important for business if it's office than it has to be in town or city area if it's industry than industrial area would be good

 

[Johnson2468]

My take on this is this, It depends on the type of the business you are starting. For instance you can put up a chemistry shop near hospitals and bookstore near some schools. However you can start any business in the town centres because of the availability of market due to multitude of people who are flooded in towns 24/7.

This is absolutely true, it depends on the kind of business

 

[Bisolami]

Location is very important for business if it's office than it has to be in town or city area if it's industry than industrial area would be good

This is why we always need to find the best location for the business that we want to venture into so that we won't move out of the location at the end because we are not making money and we will not feel like the business is not lucrative simply because we did not choose the right location

 

[Imran Noori]

To start a business you need a location to start on but how do you know the best location that suit your business?

You check the demand for a product in a location, then according to demand you select a location for it.

 

[Mikky]

This is why we always need to find the best location for the business that we want to venture into so that we won't move out of the location at the end because we are not making money and we will not feel like the business is not lucrative simply because we did not choose the right location

Choosing the wrong location at times is enough to disorientate business owners and even move them to close down the business , that is why feasibility study is advisable for new business.