ENTREPRENEURSHIP

Detailed explanation-1: -Before choosing a location, consider the demographics, what competition and other businesses are nearby, any zoning issues that may be impactful, and how much foot traffic you can expect.

Detailed explanation-2: -Five location advantages you should consider are trade access, consumer/market proximity, adjacent business communities, proximity to talent sources and lower costs.

Detailed explanation-3: -Your business location analysis should take into account demographics, psychographics, census and other data. Whether you’re trying to decide where to open a new store or where to locate a second office, follow this business plan location analysis example to maximize your chances of success in site selection.