Locations can make or break your business
The location for business holds a vital importance in the success of business. People may not believe this but the place you choose for your business says a lot about your business. Many of the companies do not pay heed to the location and their success rate will tell you how that came out to be. Serviced offices in Dubai are an example of the need of location.
Importance of location
Have you ever thought about why most of the food joints are in the same place? The answer to this is simple. They remain in the same place because there is a community living nearby. When in need, they can help each other and of course, there is a large amount of people that will be shopping in a nearby mall. The food joints in a mall are always crowded. If you see that is a perfect location for them.
Same is the case with manufacturing companies; they are always in the same area. Most of the reason that they remain in the same area is government’s doing but the other reason is quite simple. They remain together so that they would not have to go around the city collecting labour. There being near each other is not by accident.
The location of the business is decided on the following factors:
- Demographics
- Community
- Accessibility
- Competition
- Utilities
- History of the location
- Push and pull factors
- Construction of the building
Things to consider
The push factors are those factors that one should avoid when choosing a place. These are the presence of a competitor nearby and higher wages. The pull factors should be one should look for. These are the presence of labour, presence of community and good parking spaces.
It is seriously important and excellent to have a community nearby. A place with a lot of schools and colleges so that you can acquire a lot of the best staff even some people will apply for internship and jobs at your place and you will have a lot to choose from. A place where there is a place customer can park their vehicles. A place like this will help you acquire a lot of clients because they do not have to worry about their vehicles. Also always look for your competitors, if there is a competitor that can make throw your business in jeopardy, it is wise to look elsewhere and not where your business is at a risk.
Offices need parking, food joints nearby and may be the presence of 2 or 3 more offices in the same vicinity. Most of the people see the low prices and buy the place that ends up being a bad decision so one should always give the place a thought before buying. To avoid such type of bad decisions, one can hire business centers as they are the providers of offices and would not betray you. They have more experience than the newly made business owners. They are in this business long before the owner even thought of starting a business.