How many of these services will you have to provide just to be competitive? The following questions should help you work through the problem of selecting a profitable location. What price line does competition carry? How will I get the work done? Is the area in which you plan to locate supported by a strong economic base?
It depends also on what your competition charges for these lines of merchandise. Like a tree, a store has to draw its nourishment from the area around it. What is the physical condition of the store? When you think you have finally solved the retail site location question, ask your banker to recommend people who know most about location in your line of business.
After much study, he realized that he should stick to the marina format, buying, selling, and servicing boats. Customer Service Policies in a Retail store The service you provide your customers may be free to them, but you pay for it.
Decide what business you are in and write it down - define your business. He thought he was in the marina business. On a worksheet, write where you plan to locate and give your reasons why you chose that particular location. Write it down in detail.
Actually they were confused about what business they were in. Make a list of the services that your competitors offer and estimate the cost of each service. What Is a Business Plan? Which store or stores in the area will be your biggest competitors?
How can they be carried out? How will you pull business away from your competition? How much rent must you pay each month?
Why have other businesses failed in this location? A plan can help you develop as a manager. What goods do I sell? What business am I really in?
He was in the restaurant business with a dockside cafe, serving meals to boating parties. How many new stores opened up in the last year?fresh-air-purifiers.com: Cisco PVC Business Internet Security Video Camera w/Audio: Surveillance Video Transmission Systems: Camera & Photo.
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