Do you think location plays a major role in any business success??

[Trexxxy]

Location is very important, I think everyone can agree about that. But not in all cases though. Some businesses are essential and no matter the location of the said business, there will be an inflow of customers

 

[Noor khan]

Their are businesses that is managed in the rural areas and still going strong and bringing steady returns. Same goes to the urban areas and their is still profit flowing steady. But everything depends on the strategies and plan one used for the business.

Do you think that location can play a major role in determining a business success??

Well in my opinion yes i think location plays a major and vital role in the determination of business success in all ramifications like from the country to the states even to the environment of the business because every location attach its own tax system, business policies etc. So you ought to pick the one that's most suitable for your business and you in other to gain success in the long run.

 

[GoldenLady]

Their are businesses that is managed in the rural areas and still going strong and bringing steady returns. Same goes to the urban areas and their is still profit flowing steady. But everything depends on the strategies and plan one used for the business.

Do you think that location can play a major role in determining a business success??

When you have a business, I believe location matters a lot. Especially with businesses that have physical location and need to interact with the customers one-on-one.

You have to consider the demand for that product or service in that area, and how close it is to the people who need it.

 

[Ezzyoj]

Location definitely play major role in any business. That involves getting physical projects. I have seen a lot of businesses that have quality products and are really to deliver quality services but they crumble because their service is not require at the location that they are.

 

[Profwriter]

Location greatly affects busines profits and growth. In determining a location for a business, you must chose where the customers are, not every body is your customer and not everyone needs your product. Getting your business closer to those who need it will reduce operational costs and increase your profits.

 

[Milz]

Yes, it does. Location will always be a major determinant of any business's success. If I open a POS terminal in a rural village where there was no bank, before one could access the bank its another expense, most villages doesn't go to the bank again since I became the middle man and a business man,and my business has been a success.

 

[kayode10]

Location is very important if it happens that your business has more presence offline. Staging your business closer to your customers makes it easy for your products to reach the target audience at the right time and faster than other competitors. This can give you ahead who are the competitors in the marketplace.

 

[Ridorz]

Yes, location is very Important and it's playing a good major role in a business.
In any kind of business that one wish to do or establish, location must be considered in which to make a good research on the location before any establishment of business. No matter how the good knowledge and strategies/plan you have on a business if you are not at right location, the business can not succeed.

 

[Shamila Asif]

location is important because that factors greatly into gow your initial customers can find you,and how often your existing customers visit.good location decisions can significantly boost a company's long-term performance.

 

[Grant]

Location matters if you're trying to draw in people from surrounding locations. It's why a rural area would never work if you want to draw in profits. Your best bet is to always strive to be in a modern, urban area that is packed with people. Essentially, the more people in an area, the better.

When it comes to an online business though, you can put your headquarters wherever you want.

 

[Efficient5713]

Yes.
Location really play a better role in business cause;
Accessibility: when customer can't access you or get access to you due to location, there won't be a bountiful profit.

 

[Lawal]

Location or environment pay an important in business success or development yes because when you are in a good areas or location your good or product will move fast and you will have more customer than people in rural areas of the city.
People are not much in rural areas so it will not help your goods

 

[Sanusi]

Yes location plays a major role in the success of a business due to the fact that, there are some certain area which are meant for a certain business, especially when one observed that the business he is into is profitable in other. Then he can decide to move away from that area which has really has a significant effect on the success of his business.

 

[Pousinha]

Their are businesses that is managed in the rural areas and still going strong and bringing steady returns. Same goes to the urban areas and their is still profit flowing steady. But everything depends on the strategies and plan one used for the business.

Do you think that location can play a major role in determining a business success??

Of course, I think. The wrong location may determine the success or the failure of a business. Location doesn't mean only geographical area, but the culture of the inhabitants. What are the social and personal consumer habits? What are you selling? If you sell agricultural machinery, obviously the rural area is the best place to sell. If you want to sell school textbooks, the best place appears to be a school compound quarter, to give an example.

 

[James]

Yes indeed, if you make mistakes to choose a good location for your business than it always hurts. If you don't have big spending consumers around you, than you will make less revenue. For an example, opening cafe in busy industrial area is always benefit as most of people spend quick money and buy from you.

 

[Kelly5]

Yes, location plays a very vital and key role in the establishment of your business for businesses that are physical in nature and location centered. If you place and or establish your business in a location that is do friendly by nature to the product or service type your business offers, it is a doomed business in arrival.

Post automatically merged: Mar 13, 2021

Yes, location plays a very vital and key role in the establishment of your business for businesses that are physical in nature and location centered. If you place and or establish your business in a location that is do friendly by nature to the product or service type your business offers, it is a doomed business in arrival.

 

[Sincerem]

Of course, I think. The wrong location may determine the success or the failure of a business. Location doesn't mean only geographical area, but the culture of the inhabitants. What are the social and personal consumer habits? What are you selling? If you sell agricultural machinery, obviously the rural area is the best place to sell. If you want to sell school textbooks, the best place appears to be a school compound quarter, to give an example.

You're very correct @Pousinha, location doesn't necessarily defines only about the geographical areas. But also the ones you mentioned here. One have to examine all this conditions to know exactly where his or her business fits in.

 

[Billy]

Of course yes, where you locate your business will either make it or break it for your business. If your business is service-based, you will want to locate it near your target clients so as to reduce the delivery distance and risks. On the other hand, for industrial or processing businesses, it is important to locate your business or processing plant near the raw material and accessible markets.

 

[Sincerem]

Of course yes, where you locate your business will either make it or break it for your business. If your business is service-based, you will want to locate it near your target clients so as to reduce the delivery distance and risks. On the other hand, for industrial or processing businesses, it is important to locate your business or processing plant near the raw material and accessible markets.

Location is essential to determining how marketable that business gonna be. When one select a targeted location to market his or her business, their is every possibility that customers will track the business constantly. Than selecting a different location that doesn't match the business initiative.

 

[Deebabs123]

Deciding where to locate a business has always been important.Location plays a huge role in attracting and retaining the best employees, many of whom keep a close eye on where they’re based in order to optimize work-life balance.