Business perfect location: Points to consider

Some questions to consider and study in choosing business locations,

1. Is the facility located in an area zoned for your type of business?
   
2. Is the facility large enough for your business? Does it offer room for all the retail, office, storage or workroom space you need?
3. Does it meet your layout requirements?
4. Does the building need any repairs?
5. Do the existing utilities-lighting, heating and cooling-meet your needs, or will you have to do any rewiring or plumbing work? Is ventilation adequate?
6. Are the lease terms and rent favorable?
7. Is the location convenient to where you live?
8. Can you find a number of qualified employees in the area in which the facility is located?

Funding, Location, and Staffing needed in Putting Up a Grocery

If you are really planning and ready to invest for a grocery, there are things that you really need to know. Study and carefully consider them, here they are:

• Funding. It needs at least P150,000 as working capital to stack up on initial inventory. Another P150,000 may be required to cover the top three operations related expenses: rent, salary of personnel, and fees for utilities. Don't expect gain within a year; it usually takes "two to five years" to recover your investment in grocery.
• Location. If you plan to open a grocery near school, hospital, or an office. Study the demographics if people in your desired area, study what they need and desires, and this is what your store should carry out and offer them. If you will be located near a hospital, you will be offering, infant formula milk, food, and water which is usually needed by the patient and other people who move in and out from the hospital. The countryside is also a good location for a neighborhood grocery, offer what people often want to eat and drink, what they usually cook and eat for breakfast and dinner. Study their sources of income and their capacity to buy and shopping habits.