Places to Start:
Finding a location can seem a daunting challenge to some new business owners. 1040TaxBiz offers different levels of assistance appropriate to the business package you choose.
Standard and Advance Package Assistance
Location Search Training
All clients have access to marketing training which discusses different location types. Standard and Advance package business owners will gain insight into creating a mutually beneficial relationship with host businesses that minimizes the financial impact of rent. Other package owners can benefit from this training as they expand their businesses to multiple locations.
If you’d like a seasonal standalone location, 1040TaxBiz can provide assistance with lease negotiation. Sometimes a great location has sat empty for a while because of the price. 1040TaxBiz can give you pointers on how to negotiate a better rental fee.
Premium, Elite and Ultimate Package Assistance
For business owners looking for a standalone location, 1040TaxBiz offers a variety of services to locate and secure space.
Market Competition Analysis
Deciding where to place your business in relation to competition is a challenge. By providing the zip codes of possible areas, we can provide a list of all business that filed previously and how many returns they did. Use the list to determine whether you would like to be far from the competition or near another tax preparation service drawing their customers away with your marketing training and promotional items.
We can search the web and provide you with several potential stand-alone locations in your area. You then decide which location you like if any and then discuss rental details with the landlord.
Choosing a business location is perhaps the most important decision a small business owner or startup will make, so it requires precise planning and research. It involves looking at demographics, assessing your competition, staying on budget, understanding state laws and taxes, and much more.
Here are some tips to help you choose the right business location.
Determine Your Needs
Most businesses choose a location that provides exposure to customers. Additionally, there are less obvious factors and needs to consider, for example:
Evaluate Your Finances
Besides determining what you can afford, you will need to be aware of other financial considerations:
Is the Area Business Friendly?
Understanding laws and regulations imposed on businesses in a particular location is essential. As you look to grow your business, it can be advantageous to work with a small business specialist or counselor. Check what programs and support your state government and local community offer to small businesses. Many states offer online tools to help small business owners start up and succeed. Local community resources such as SBA Offices, Small Business Development Centers, Women’s Business Centers, and other government-funded programs specifically support small businesses.
The Bottom Line
Do your research. Talk to other business owners and potential co-tenants. Consult the small business community and utilize available resources, such as free government-provided demographic data, and ask 1040taxbiz about their industry demographic data to help in your efforts.
Contact us to learn how you can start your own tax business