Starting a business?
Whether it's a professional service or a production-based workshop, starting a new business can ...
Whether it's a professional service or a production-based workshop, starting a new business can be an exciting opportunity for both financial development and personal fulfilment.
Following your passion and turning it into a profitable enterprise can be a thoroughly rewarding experience - but as experienced entrepreneurs know, success relies on some key factors.
Perhaps the most common of these is location, as the positioning of a business has strong influences over a number of areas that may not be immediately apparent.
While foot traffic is an obvious concern for retailers and some services, production-based enterprises will need to be more focused on the ease of access for vendors and suppliers - as these aspects of industrial property can impact on their efficiency.
From a marketing perspective, the site of a retail lease also says a lot to the consumers about how the business views its patrons and the firm's place in the broader market - powerful factors that have been shown to have an impact on both personal and commercial buying behaviour.
Having access to quality advice can be extremely helpful during the start-up stages, so talking to a business adviser or commercial agent can often be a good idea.