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We are proud to announce our NEW community destination. Engage with resident experts and fellow entrepreneurs, and learn everything you need to start your business. Check out the new home of StartupNation Community at startupnation.mn.co
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Knowing your market before committing on location
Donald
subscriber Posts: 1
Many retail or service business startups overlook the importance of selecting the right location before making any kind of commitment.Large chain retailers ALWAYS investigate the potential market surrounding a future retail site before putting the wheels in motion.
To optimize your site location, finding out about local demographics is the first step. An easy way to know about local markets and sales potential is to go to www.mapmymarket.info.
The site offers different types of reports to assess feasibility or consumer demographics at prices as low as $20 per report. Sample reports are available and you can view your own trade area for free.
Remember that establishing a realistic sales forecast is key to a business plan that will attract investors or satisfy financial institutions.
To optimize your site location, finding out about local demographics is the first step. An easy way to know about local markets and sales potential is to go to www.mapmymarket.info.
The site offers different types of reports to assess feasibility or consumer demographics at prices as low as $20 per report. Sample reports are available and you can view your own trade area for free.
Remember that establishing a realistic sales forecast is key to a business plan that will attract investors or satisfy financial institutions.
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