THE IMPLICATION OF A WRONG LOCATION TO BUSINESS GROWTH

There is a difference between starting a business and running a business. To succeed in business, you must not only know how to start one, you must understand how to run one. Running a business is a specialized technical skill on its own which the business owner must learn before trying to establish a business.

It is not as a great technician, but as a great business entrepreneur that you will create your success in business.

The implication of a wrong business location is deficiency in appropriate business traffic. Being in business is not a child’s play; you will face challenges. Some times they can be small and some other times they will be great. You will face it in diversities of ways, but all these can become a stepping stone to greatness if you are familiar with the principles of effective and efficient business management. Your success or failure will depend on how well you are able to handle those challenges, and how much you are able to learn from your experience.

All business, whether small or big, needs constant attention. They take tremendous amount of time, energy, focus, creativity, innovations, wisdom, and prayers. It is always a constant battle to overcome problems, obstacles, challenges and respond adequately to opportunities. This is the reality of business, and no business man should ever envisage success who can not for a minute allow him self to think positively in line with the core focus of his business.

Take out some time to have some fun as you carry out your business activities, but do not allow fun to consume the major part of your time. Let all your effort and resources be committed to your making your business worthwhile. If you attend to your business with a positive mental attitude, you will enjoy the challenges more and find more creative solutions for greater profitability.

Wrong Location: 

Contrary to the opinion of many business advisors, the location of a business is a fundamental factor in its success or failure. A business that is located in a place where its core targeted customers can locate it will surely out perform the one whose customers will have to move through great huddle to locate.

I have been in business for a considerable time, and when I started I did not realize the importance of business location. This affected my business negatively, but I could recover quickly because I was able to figure it out on time. Friend, do not be deceived, to succeed in business, you must locate it where your targeted market can see and locate you quickly; where they do not have to escape death to do business with you. You must do everything possible to make doing business with you a comfortable experience. 


For more details Check out reasons-why-business-fails.