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Choosing business premises requires careful planning and consideration. An inappropriate or poor location can be damaging to your business, particularly where the business relies on ease of access or exposure to consumers.

In order to make an informed decision when selecting a facility from which to conduct business, you should keep in mind the needs of your employees, customers and general operations.

Facility Requirements

• Does your business have any special needs such as low noise levels, space for equipment, storage, parking, etc?
• What type of space do you require in order to effectively interact with your customers?
• Is there any competition or other businesses in the area that could cause problems or difficulties with your operations?
• Are the premises large enough for what the business needs both now and into the future?

Costs

• How much can the business afford to spend?
• Will the location cost customers any money (parking, etc.)?
• Consider land tax expenses.
• How will the cost of the facility impact business profitability and product pricing?
• Does the facility require any costly alterations?

Convenience:

• Can customers find, travel to and access the business easily?
• Is their enough exposure to attract customers (traffic, pedestrians, etc)?
• Availability of parking.
• Do your clients have any special needs (disabilities, etc)?
• How secure and safe is the area?

There are a number of different types of facilities available for businesses to operate from, with each suiting different circumstances.

A commercial lease provides you with the right to occupy the premises for a fee, however you will need to consider the terms of the lease agreement before entering into it.

It may also be possible in some cases to work from home which is convenient but can come with distractions. A business may also choose to purchase a building outright if the plan is to conduct operations from the location for an extended period of time.