Trade and distribution are now up against a rapidly changing and dynamic environment, which makes employers and employees in the business world increase the need to acquire new knowledge and skills to enable them to draw future successes.
Study your business location
The first thing to be done is a small study on each of the possible areas of collecting location information below.
• Note the number of banks in the zone. Bankers have much business sense and if there is a lot of representation of this group in the area, then that is a good commercial property to buy.
• Visit the statistics department of the municipality. This is where you find all the information on the municipal census, commercial and industrial area.
• Contact the business associations of the area to provide you all necessary information, as well as provide support, since its function is to protect the interests of traders.
• Check the number of schools, parks and municipal markets, ease of access to public transport and private transport, buildings and other new construction.
• Analyze the competition in the area, it is important to know the competition both in terms of quality and quantity.
Deciding on locality of your workspace to rent or buy
Once you have decided on the location of the business area, you will begin visiting local and negotiate prices for rent or sale with their owners.
• It is useful to know the locals to see if it matches the profile of the consumer of the product being offered. Example: Open a BMW car dealership in a slum in the city will result in zero sales and high expenses.
• If you want to buy a commercial property it is necessary to go before the council planning department to ensure that is not affected by any type of municipal works, planned developments, expropriation, construction defect, and to know the future prospects of the area .
• Visit the registration of the property to check that the commercial space is free of charge, lien or mortgage.
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