Before a business owner gets started within a given vicinity its been concluded that the environment is the best at that time. If it isn't the best, their is no how the owner will go on with it. Unless he or she isn't an experience entrepreneur.
This is the reason why so many banks in my country normally do concentrate their businesses in the urban area and I believe that the reason why they concentrate in particular urban area is both for patronage reason and also for security reasons so the location of any business plays a big role in the success of that business.
Some people will only do survey on the population of the location without also considering the security at the location ,because security and available of police station is very important.
Location plays an important role in every business, for example a fast food joint must be located in a business and a place where commercial area at located in order to get a proper sales.
That's it, no bank will agree to operate in a rural area with low security level. They'll be easily robbed steadily at the rural area. With urban they are secured.
Security matters a lot, that's the essence of starting in a populated and secured environment. As a business owner we consider security as priority option too.
I agree with you that location plays a very important role in the push for the business to be of great and wonderfully successful. If you are in a good location, most like all the customers will easily find you and give you orders. If location is bad, then most likely you will regret in your business.
Yes location play major role in business success if you want your business to be successful you have to start up a business in a good location.
Even banks in the urban areas are getting robbed top list of Banks going to the rural areas that is quite vulnerable security wise and I believe that no bank will in ever think of going to the rural areas to open a branch except it will be a microfinance bank.
Of course! Location plays a major role but in this context, it doesn't necessarily mean an urban or a rural area but a place where your customers are who need your products and services.
The role that location plays in the success of any business cannot be overemphasized as this is one of the major determinant of the success of a business as a business that situated in a place that does not have that market for the product or service that the business is offering is definitely dead on arrival.
That one will be robbing continuously in the rural areas. The best remains urban area. Banks aren't robbed continuously there, some have very strong securities which makes criminals never to penetrate them.
In every aspect , I believe location matter most and its an important factors that must be considered when starting a business , because to move your product from a far away site to a customer mean another extra spending.
This is something to know , lack of security can bring down the Business of an individual without even thinking of it, it's better we put it into consideration because that's what a lot of people fail to understand.
Yes I believe that location please major role in the success of business because the location help people to access your business first if your business is a good location it will have a high patronage.
