So you want to set up a business... Choose a location and explain why you would set up your business there

location location location. This is one of the most important factors that affects a business. In-order to decide where to set up your business for the best productivity, you must first analyze your target customers for their Geo-location, so that you can set up your business close by. The demographics of your customer is not the only factor that you will want pay attention to. There are other factors which includes:

•  Competitors- You don't want to set up your new business next to a competitor who has been in the business for years.
• The distance from other businesses- Other businesses will have their customer traffic which will benefit a new business because it won't have generate it's own.
• Costs of utilities in that area.

   So now I want to set up a rickshaw business to carry people around when they don't feel like walking. Where do you think I will set up that business? I will set it up in Kingstown, because a lot of people who shop often have a lot of bags to carry and more shopping to do, and or has to reach from one part of town to the next quickly. Since no one has implemented that idea as yet there will be no competition. Also I'll set up my business there because there are mechanic businesses in the same area that I can go to if one of the rickshaws need repairs.