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Sometimes, no matter how brilliant your business idea is, you might just be in the wrong location for the execution of such a business idea. As a businessman you have to understand that location matters a lot when it comes to a business thriving. How accessible your business is to customers is really vital.
Except you're into an online business, then your location may not affect operation as much as when you're an offline business. But even as an online business, sometimes customers may have issues and need to come to your offline location to solve the problem. In the end, where you choose to locate your business will always be important.
The issue is that some business people refuse to change location. They keep trying and failing in the same location - all in the name of been consistent. You must realize that there are workable plans and plans that just don't add up. If your location is a disadvantage to a particular business idea, no matter how much you try to make it work, it just wouldn't.
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It's usually better to go to a place where the odds are in your favor. Some locations are just ideal for a particular idea, as you'll find more people that will need your services. Most times, it will cost you more to pay for such good locations, but you'll see that when you pay that high cost, your profits will very much exceed your expenses. And you'll be seeing yourself improving financially.
But because of the fact that some business people don't like the idea of investing so much into just the ideal location. They get scared that what if the business doesn't work there. Hence, they go to a poor location where they pay less, and the business doesn't go smoothly. That's a case of - penny wise, pounds foolish. You shouldn't do that. You should always put your location first.
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