The location of your business can be vital to its success.
The significance of the location could depend on the industry you are operating in and your operation's need for space and reliance on street frontage.
Some businesses, such as if you are offering a service, may be operated from home, at least at start-up. Others, such as a retail store, may prosper or die according to their location.
Some issues to take into account when considering a location include leasing options, set-up overheads and transport costs, traffic flows, customer access and visibility, siting of competition, and future expansion possibilities.
You also need to check how operating your business in that location (including your home) may be impacted by neighbourhood limitations, so insist on meeting with representatives of the local council's business development and planning departments.
Your research should cover:
Getting advice from a trusted business advisor and legal representative and speaking to the local Business Enterprise Centre will all help you may make an informed decision.
To contact your local council, find them at the Local Government Association of Tasmania website at www.lgat.tas.gov.au.
Check-out the extensive checklists available in the Locating the Business business guide.
To run a successful home business you need to be able to handle a wide variety of issues. Think through the establishment of your business carefully, taking the time to research and plan your operations.
To develop your business plan, you need to consider these points about operating from home:
For more details download the Stay Home and Mind Your Own Business business guide.
Hard copies of any “How to” business guides can be attained by contacting Business Point.
Phone 1800 440 026 or email businesspoint@development.tas.gov.au
