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Choosing a business location checklist

 

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Choosing a business location checklist is intended for research and consideration of a wide range of factors which support your business or can influence it. This checklist includes the number of points which should be gone through to ensure proper assessment and selection of location for your business. Of course this checklist cannot include all possible factors and circumstances, so it can be easily altered and elaborated to fit more specific requirements.


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Location overview:

  • Research the level of probability of natural disasters within the area
  • Research the level of crime activity within the area
  • Research if the area is zoned for your type of business
  • Research if area potentially suits your operational requirements

If there are necessary premises, warehouses, infrastructure

  • Research the market potential of the location
  • Determine if the site is close enough to the markets served by the business
  • Research special business regulations, sales taxes, property taxes

Apply for appropriate business consulting public and private services

  • Research if employees of appropriate qualification are available in the location
  • Research the competitors within the location
  • Decide if this area is suitable for further business expansion and development

On-site overview and logistics:

  • Find out all available assets and properties which meet your requirements within proper locations
  • Select the best variants according to your business requirements
  • Ensure that all goods and supplies your business requires are available in the location
  • Ensure that suppliers are able conveniently and timely make deliveries to this location
  • Assess the level of transportation infrastructure available

Public transport available, roads, railroads and so on.

  • Determine the availability of facilities necessary for transporting goods nearby
  • Ensure that all utilities required for successful running of your business are available
  • Determine if the traffic in the area is sufficient for your type of business
  • Determine the availability of adequate parking facilities for customers
  • Determine the availability of adequate parking facilities for employees
  • Determine if this place is secure and safe for your employees, suppliers and clients

Comparison:

  • Research the rates for transporting goods and compare them with other areas
  • Compare the costs of available facilities
  • Research the taxes on facilities and compare ...


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