Business Location

3 Pages 783 Words

There are many things to consider when locating a new business which all play an important part in the success of the business. For some, only a few things are important. Some may need to consider and balance a mixture of location factors. One important factor to consider is the infrastructure of business site:

The business needs very good transport systems for the site (road, rail, river, canal, ports)
The business needs good communication systems, telephone systems, fax e-mail.
Production is important to a business so a firm needs to know whether there are business in the area for waste disposal, machinery repair and product transport.

Another thing to consider is the supply of labor available in the area. The business person will need to consider whether the right kind of skilled, or semi skilled labor is available or grants for retraining if not; What the local wage rates are like; whether the housing, school, and leisure facilities will attract and keep good labor in the area.

Yet another thing to consider is cost of the site. The firm will need to research based on how long the site will be used? Whether it should it be rented or purchased? Will the site need to be drained and leveled? What is the level of taxes and other fees payable to the local government? Is there room for expansion? Are there any risks with the site will this raise the insurance premiums?

Also, there are geographical factors to consider. The business needs to be located near utilities especially water, gas and or electricity. Waste disposal is also important as some businesses produce a great amount of waste during production and there are various laws, which strictly control how waste should be disposed of. Prevailing wind is very important as the wind direction can take pollutants away from areas that are heavily populated.

One possible location for a business is from your home. When considering a home-based business, not only the ...