7. That’s so ‘des res’
Location, location, location, so the old maxim goes, and there is nothing more true about retail businesses – but location may not be as important if you are launching a non-retail business.
You’ll be spending an awful lot of time in your new premises. Forget the fancy blinds and funky lighting: what are the toilet and kitchen facilities like?
Retail businesses are completely dependent on you securing a good location and constant customer footfall. There is no room for manoeuvre and any compromise on the most suitable location will drastically affect your sales and ultimately the success of the business. Because rental prices for retail premises are tied into the footfall for an area, the temptation is to take the cheaper ...