Sunday, June 25, 2006

Finding the Right Retail Location Part I

OK, you are ready to start your business, one of the first questions you need to ask si where you want to locate your business.

The first question that needs to be asked is: who is your market?

Is your main customer going to be the Business Person who will primarily do business with you Monday-Friday?

Is your main customer an empty nester that would be shopping with you any day of the week?

Is your customer base high or low income?

Will most of your customers come into the store or will you primarily do business on-line (example: selling on eBay)?

Will your customers be need or want driven?

Where are your competitors?

What type of building will be right for you.

You need to figure out your customer so that you know the right location for your business.

In part two which will be posted next week I will go over the various types of buildings that you could locate your business in. In part three I will discuss property owners and what to look for in a relationship with a property owner.

Business Articles of Note

Rooney's focus on customers, `associates'

Dubois, WY hopes to diversify

Liquidation sale raises questions

Mixing work with vacation? Set boundaries

Can you fix a manager who is incompetent?

Walgreen booms with drug plan

Sunday, June 11, 2006

Business Articles of Note

Empire builder: Larry Miller has come a long way since his auto-parts days

Opening doors for the disabled

Got talent? You're in demand

Crop of standouts vying for Entrepreneur of Year

Firms find fun can foster creativity

Resort exec made clean move upward

'Shared Values' lift Redmond Minerals

Creativity close to scrapbooker's heart

Creative Expressions overcomes crisis

Serial entrepreneur is wired for future

Del Sol chief cashes in on 'wow' factor

Dental Select owner saw, filled a need

DirectPointe's CEO had a rough start

IAG business philosophy is bulletproof

Taking risks pays off for Lake City Trucks

MaxStream innovator in modems, more

Hollister, Garrity build healthy business

Resource firm rolls with industry changes

MediConnect's integrity inspires profit

For Every Body lights way for pure items

Shade has made modesty fashionable

TruVision sets sights on leading industry

Dentist 'builds a better mousetrap'

Businessman's ultimate goal: cure cancer

Doctor helps others share data securely

Royce Industries gets cars, trucks clean

Omniture shaped by customer comfort

Whole Foods puts lobsters in 'condo'

Grant money available to Internet service providers

Boise firm fares well in rankings of 'Net retailers

Has Motorola made a BlackBerry killer

Creating sites made simple with iWeb

When the driving gets pricey, the scooters (and RVs) get going

To make an impression, give yourself a distinctive look

Mexico's shifting demographics sure to affect U.S.