Location, Location, Location

Almost Rule No. 1

If you have followed through with creating a decent business plan, then you are ready to pick a location. You might already have one in mind. But, you need other things to think about.

Location, Location, Location. That's the rule of thumb. If you are planning on opening a restaurant, you need the perfect area. But, there is no set formula for where the perfect location is. A restaurant out in the middle of nowhere could thrive because of its sense of privacy. A restaurant just up the street from another restaurant could thrive because it offers consumers a choice. You never really know if the location is going to be a hit or not. So, it does require a good bit of thought.

Of course, location can be measured rather decently if you are able to look around and see a need without the service. If you want to open a computer service store, right in the middle of a town that has no computer service store is a great bet. But, you really have to know the area. There are some towns throughout the country that are still in the dark ages. A computer store would not thrive in a town that only has one computer everyone uses.

These are just some of the things to think about when you are trying to find the perfect location for your business. The great thing about Rivky's Art Workshops is that they don't require any specific location. They are great for any region and they can literally be opened anywhere. Here are just some ideas.

Home

Plenty of businesses have been started out of the home. Only when the business outgrew the home did it have to be relocated. An art workshop is perfect for the home and that's an expense you already have. But, there is an added benefit. Now, your home becomes a business expense and you can get tax cuts and credits from running a business from your home.

Church