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What kind of premises or business location should I have?

Business premises affect customer experience and your working environment. They should be accessible, visible, and offer parking.

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  • Location relative to customers and competitors
  • Ownership vs. rental: compare costs
  • Check for upcoming renovations or infrastructure projects
  • Efficient product layout and logistics
  • Unnecessary square meters mean extra costs

 

Business premises affect customer experience and your working environment. They should be accessible, visible, and offer parking. Investigate possible road or construction works nearby. Do a cost–benefit analysis of owning vs. renting.

If you purchase a property, it may be wise to hold it under a separate company.

Review rental contracts carefully – preferably with a lawyer.

Plan placement of cash registers and products for smooth customer flow, efficient storage, and transportation.

 

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