phanio
483 posts since
Apr 7, 2009
2.
Re: What is the best way to scout a great location for your business? May 30, 2009 7:56 AM
A lot of your location depends on your business. If you are a destination business - you want to be in a high traffic area within 3 to 5 miles of your target market. If you are not, then you want a location that can help you with logistics, etc. Depends on your business.
I would suggest this. Find a Small Business Development Center (SBDC) - free service. They can help you research locations. They have tools that can measure population at 1, 3, 5 miles around areas you want to be in as well as traffic counts. They have resources that can tell you who these people are thus you are more able to target certain population - e.g. if you sell to age groups 30 to 55 with better than average income - they can tell you where these people are in your area as you would want your business as close to them as possible.
To actually purchase or lease space - you may have to work with a realtor as sellers or landlords usually have agreements with brokers. But, don't be afraid to approach the seller or landload personally - maybe you can work the deal yourself.
Business Money Today
www.BusinessMoneyToday.com
