Tuesday, June 16, 2015

US Media Studios Offers Location Tips for Small Businesses Owners



Location, location, location. It is not only the mantra for the real estate industry but also for people wanting to open their own business. US Media Studios offers location tips for small business owners.

The main rule of thumb for opening a small business is to know the customer. Know where they live, work, play and like to relax. Know where they shop for food, clothes, gas and home supplies. Once these establishments are known, a small business owner can start looking for a good space to rent or buy.

The U.S. Small Business Administration advises small business owners also look at if the location is right with the image the business wants to maintain. Also get a good look at the other shops or stores in the area to see if there is stiff competition.

Other location factors to consider: traffic patterns, parking, signage, pedestrian and vehicle congestion, public transportation stops in the nearby area, and residential demographics.

USMedia Studios suggests talking to other business owners in the area to determine if there are unknown expenses to opening a business there. Be armed with as much information as possible before deciding on a location for the new small business.


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