Starting Your Business Business Location One of the first things you need to consider in structuring your business is finding the appropriate location and a suitable physical plant or office that will allow for an efficient operation and future expansion. The most important factor in selecting real estate is location. A good location will do more for you than even the most ambitious advertising campaign. While location is a vital concern for retailers because they rely a great deal on visibility and exposure to their target markets, location also plays an important role in success of service and manufacturing.
Manufacturers also have to take location into consideration.
They need to keep operating costs down, and that means locating near key suppliers in an area that will be cost efficient and zoned for manufacturing. Top of Page Population Requirements Each year, the United States Bureau of the Census publishes Economic Censuses that are comprehensive studies on the number of firms in different spheres of business and the populations of the communities where they are located. A community's economic base determines your opportunities. The wealth produced in or near the community greatly affects local employment, income, and population growth. The occupational makeup of a community depends upon the types of jobs its resources and location will support, while its population density depends upon the number of such jobs available.