Place

quote
There are three things that matter in property. Location, location and location. Attributed to Lord Harold Samuel, real estate tycoon.

There are several factors to consider when deciding on the location of a business:

  • type of business
  • availability of resources
  • availability of labour
  • footfall
  • competitors and exclusivity
  • finances
  • infrastructure
  • distribution
  • government legislation and planning permission

Factors of a good business location - access to labour, footfall, infastructure (eg wifi)Good and bad examples of a business location