INSURE TO BE SURE!   We're open 8AM - 5PM, Monday to Friday
MALAYAN CORPORATE    
CALL US (632) 628-8-628
Malayan Insurance Blog
  • Features
  • Car
    • Car Care Tips
    • Driving Tips
    • Car Insurance
  • Business
    • Business Management Tips
    • Productivity Tips
    • Business Insurance
  • Home
    • Home Care Tips
    • Home DIY’s
    • Home Insurance
  • Travel
    • Travel Tips
    • Travel Destinations
    • Travel Insurance
  • Finance
    • Financial Planning
    • Insurance
    • Money Saving Tips
  • Contact Us
No Result
View All Result
Malayan Insurance Blog
  • Features
  • Car
    • Car Care Tips
    • Driving Tips
    • Car Insurance
  • Business
    • Business Management Tips
    • Productivity Tips
    • Business Insurance
  • Home
    • Home Care Tips
    • Home DIY’s
    • Home Insurance
  • Travel
    • Travel Tips
    • Travel Destinations
    • Travel Insurance
  • Finance
    • Financial Planning
    • Insurance
    • Money Saving Tips
  • Contact Us
Malayan Insurance Blog
No Result
View All Result

How To Select The Best Location For Your Business

January 22, 2020
Home Business
Share on FacebookShare on Twitter

Daunting as it seems, there are dozens of entrepreneurs who brave risks to start their businesses. Some are even excited in launching their ventures that they have already considered everything they need for success. From their trusted property insurance in the Philippines to its overall look and feel, business owners must devote money, time, and effort as part of this investment.

However, an element that is sometimes disregarded by entrepreneurs is its location. Where your business is located can directly impact the customer turnout. Some may even say that it plays a critical part in the success of businesses like retail stores and restaurants.

So, if you’re still unsure where to start, here are some tips you could use:

Have accessibility

Would your new location be accessible to your current as well as potential customers? With the traffic situation in Metro Manila not getting any better, it’s important that your customers find it convenient to stop or drop by. As much as possible, include parking and disabled access to your considerations.

Determine the budget

Cost is one of the most important factors in choosing a location for your business. There will definitely be times when you get to see a seemingly perfect location. One that has everything you need. However, it comes with a price — a huge one at that!

While you may think it’s perfect, take a step back and look at the bigger picture. Does it fit your budget? Apart from the lease, you will still have to pay your employees, utilities, and more. Make sure you don’t exhaust it and stick to the budget you’ve already set.

Scope competitors

Analyze all your competitors in the area. While you may have your own unique selling point (USP), having more businesses of the same nature competing in one area can be quite the disadvantage. 

Think of the future

There are numerous factors entrepreneurs must always keep in mind when choosing the best location. This, of course, includes the future. Instead of settling for a cramped and a just okay space, get a bigger facility which can accommodate additional employees and/or equipment.

Businesses are worthwhile yet risky investments. Every decision an entrepreneur makes must be thoroughly considered in order to ensure its success and future. While a property insurance in the Philippines can help mitigate risks, a business owner’s capability to make sound decisions also plays a crucial part on how it turns out.

Tags: insurance-company-philippinesproperty-insurance-philippines

Related Posts

best-workplace-practices-covid-19-property-insurance-philippines
Business

Best Workplace Practices During COVID-19

December 16, 2020
covid-19-business-planning-checklist
Business Management Tips

COVID-19 Business Planning Checklist

November 2, 2020
management-tips-for-small-businesses
Business Management Tips

Management Tips for Small Businesses

October 16, 2020
Why Cleanliness Is Important In A Restaurant
Business

Why Cleanliness Is Important In A Restaurant

May 26, 2020
Next Post
australian-bushfire-travel-insurance-philippines

Is It Safe To Travel To Australia?

Latest Post

top-3-plans-to-get-as-newlyweds-non-life-insurance-companies-philippines

Top 3 Insurance Plans To Get As Newlyweds In 2021

March 5, 2021
how-to-soundproof-your-condo-insurance-philippines

How To Soundproof Your Condo

March 3, 2021
what-we-can-learn-from-female-leaders-during-covid-19-travel-health-insurance-philippines

What We Can Learn From Female Leaders During COVID-19

March 2, 2021
Ads

Trending

pet-homeowners-insurance-policy-philippines

The Perfect Pet For Your Home

November 6, 2019
Businesses That Thrive During The Rainy Season

Businesses That Thrive During The Rainy Season

September 25, 2019
medical-malpractice-insurance

Things You Want To Know About Medical Malpractice

August 15, 2019
cargo-marine-insurance

Types Of Alarms You May Hear On Ships

October 5, 2018
What You Should Know About Your Car Insurance Policy

What You Should Know About Your Car Insurance Policy

February 22, 2018
Malayan Insurance Blog

Malayan Insurance Co. Inc., the leading non–life insurance company in the Philippines, offers its client and the public guaranteed peace of mind through service excellence and quality insurance protection.

Follow Us

Categories

  • Features
  • Get A Quote
  • Terms of Use
  • Security and Privacy
  • Legal Notices
  • Contact Us
  • Features
  • Get A Quote
  • Terms of Use
  • Security and Privacy
  • Legal Notices
  • Contact Us

© 2018 Malayan Insurance, Inc.
ALL RIGHTS RESERVED

No Result
View All Result
  • Features
  • Travel
  • Car
  • Home
  • Business
  • Finance
  • Contact Us

© 2018 Malayan Insurance, Inc.
ALL RIGHTS RESERVED