Location and Relocation
* What is important when relocation a business?
* What is important when choosing retail premises to rent?
Local workforce available
Location of site (transportation)
Length of contract
Demand for products or services
Labor costs
Competition
Firstly,
Secondly, location of site is very important. You need to consider whether it’s convenient and easy for raw material supply and transporting out the products, whether it’s easy to get access to the electricity, water, gas and other supporting energy, whether it’s convenient for staff to go to work.
Furthermore, length of contract is also important. Longer contract would cover issues in more details. The contract should cover certain matter, which are likely to happen, such as, assignment, service charges.
Competition is another factor to consider. You shouldn’t locate in a place where there are already a lot of firms. Competition will severely affect a company’s revenue.
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