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Deciding location

Contents: Retail / Factory Issues | Working from home

Retail / Factory

1. Location – is it positioned to suit the:

  • customer you are targeting
  • you and your staff
  • suppliers

2. Regulations – you need to consider the implications and costs of:

  • Licenses
  • Insurances

3. Overheads such as:

  • Rental
  • Outgoings (to the landlord)
  • Signage
  • Fittings
  • Licences/Insurances

Positives – many businesses cannot be run anywhere else. They need the space to manufacture or service the product, and the location to suit the customers.

Working from home

1. Isolation – it is not easy to:

  • Remain focussed and motivated when you are on your own day after day
  • Benchmark your achievements when you are not involved with competitors or peers
  • Put problems into normal perspective when you have no one to discuss them with

2. Balancing family with business – you have to be aware of:

  • Time constraints – what do you do if the family and the client need you at the same time?
  • Business meetings – do you have a suitable room available, or if a female, are you comfortable meeting with strangers when you may be on your own, or with small children nearby?
  • Noise – how will you answer the phone to a prospective client if the dog is barking or the baby crying?
  • Space – if your business has equipment, or product in various stages of development, do you have sufficient space for the family to move freely about the home?

IN THIS SECTION:
Quiz: Are you ready?
Reasons to be in business
Businesses suitable for home
Planning
Deciding location
Professional Services
Business Attitudes
Occupational Health and Safety

SEE ALSO:
Finances
Business structures
 Council Networks, Events, Functions

 

Couple with plans

   


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