Tag Archives: LocationLocationLocation

Location, Location, Location: Choosing the Best Spot for Small Businesses

So you’ve got a winning business model and can’t wait to get started making truckloads of cash. Where will you be earning said truckloads? Much of the time, entrepreneurs looking to start a small business get caught up on the “what”, “when”, and “how” of a business, but forget that the most important question is “where.” No matter how cool your widget is, you’ll never sell anything if nobody comes through the doors. The Demographic Traffic First, decide what demographic you most want to reach. Then do some research to find where the highest concentration of that demographic tends to be. There are a number of tools that can provide demographic and competitor data for any given area. Look for spots that will reach as many people in your target demographic as possible. The next step in choosing a good location is to measure the street and foot traffic. There…
Read More »

Posted in Business Formation & Planning | Tagged | Leave a comment