Business locations research checklist

Old empty buildings might be cheap, but are they suitable for business?

Business locations are probably the most critical factor in determining the success of many companies; studies have shown that poor location is among the chief causes of business failures. Adversity can be the best time to reconsider relocation.

You must be willing to pay for a suitable location, as the cost of the site will often reflect the volume and quality of your business. You’ll have to satisfy the needs of your business, employees, customers, business associates, family, and, of course, yourself.

Do some market research in the area before deciding on your business’s location. Before you investigate specific properties, it’s also a good idea to find a range of suitable sectors or sites for your business.

Factors influencing your choice of business locations

When starting an organisation or changing premises, you must decide where to conduct business. Buying or leasing premises will be required unless you’re a home-based business. Each company has different requirements, and it’s essential to consider your business wants, needs, nice-to-haves and priorities when deciding on a location.

Despite the increasing pace of digital technology, a brick-and-mortar presence will almost always be required, whether to house your staff, store stock in a secure warehouse, or provide a physical existence for your customers.

Use our checklists to ensure better business decisions and locations.

Quotable Quotes

“Heaven is a state of mind, not a location, since Spirit is everywhere and in everything”. Wayne Dyer

“People have so many hang-ups about how other people live their lives. People always want to keep you in a little box, or they need to label you and fix you in time and location”. Alice Walker