Renting the place of business

The costs of storefronts can be very expensive. On average though, it isn't the largest expense in opening a business. It can be among the largest for offices, but the initial cost of a storefront rarely exceeds the costs of inventory, payrolls, and operational expenses.

 

Nice post. I must concur.

Location, location, location. If you chose a place that doesn't get seen by the main population, chances are the cost of running your business will greatly outweigh any profit. Certain locations might drive away potential customers or attract ones you don't want. Finding a place where you can drive interest straight to the storefront is really important. Then comes the cost of operations, which a lot of people don't consider until it becomes reality.

Renting an apartment is hard. Renting a storefront is much harder. Sometimes I wonder if buying a location would solve the issues of dealing with landlords, renting laws, and the monthly expenses of a space that isn't even yours to customize.

 

Thank you Corazon, that's really good advice. I suppose that's why we see so may businesses online today. Purchasing a domain and putting up a website takes up a fraction of the cost as compared to a physical store.