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The place where you want to do business, that is, the place where your shop will be. You visit the place by yourself, talk to the people there, look at other people’s shops and see how others are doing business. You need to imagine that how your business will sustain and survive. Look at various shops around like Coffee Shop, Food Store, Clothing Store, IT Product store, Sales Shop in that place, and observe how they are doing? Review what factors in a particular location can lead your business to a favorable situation.

Geographical location is a big factor for business. Don’t rush to make a decision. Imagine what will be the condition of that place on a rainy day or even a sunny day. What is a transportation facility? Who will consume your products or service?

A business place is important for the success of the business. Write down all positive and negative points and then make a decision.

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