Starting a brand new business is never easy. However, the location of your office can make or break your company.
The best way to start choosing where to start your business is by evaluating different factors in advance. One important consideration is how much competition you will have when it comes to location. You also want to consider what's available in that area. Does it have food, coffee shops, and other retail stores? Naturally, zoning and licensing requirements will need reviewing, too. This is all crucial before you decide on a final place for your new venture.
It would help if you also considered the types of businesses already in place in that area. Include their geographic proximity to you, their size, and what they sell. For example, if you open a clothing store near an existing one, your market may be split. Or, your target audience may shop at the other location. Additionally, take into account the types of licenses each business has. Another example, if you open a restaurant near one that serves alcohol, you may have to close earlier or remain closed on certain days due to noise complaints.
It is essential to consider the types of businesses already in the area because they will influence your business. For example, if there are many other clothing stores, you may have to lower your prices to compete. If there are alcohol-serving restaurants near yours, you have to close at certain times or be closed on days when they are loud. You also need to know which type of license each of the different businesses has before releasing more details about your new business.
In Dubai, for example, a business cannot sell cigarettes if they are within 200 meters of a school. Make sure you know the zoning and licensing requirements before finalizing your decision! This way, you can prepare yourself for any changes in regulations or licenses that may be required. This is why it is important to speak to a professional before you launch your business, from Company formation in Dubai to a brick and mortar company in another country. Seeking professional help will make sure you reduce your chances of expensive mistakes
It's essential to ensure enough space for all of your employees in a new business location. Providing the right amount of freedom leads to increased productivity as well as employee satisfaction. It can also lower expenses by reducing any need for one employee to take on more responsibilities, including doing work that isn't within their job description.
Parking spaces are essential in choosing a business location. Large parking lots can attract customers, and each employee needs to have a parking space as well. Employees who drive to work spend extra time looking for parking places, which reduces productivity and their satisfaction with the job. A lack of space could lead one employee to park away from the office and walk back instead of driving, wasting time which could otherwise be spent working on our new business.
A lack of public transportation close to the office can create significant problems for your business. New employees will have to search for ways to get there instead of focusing on their job, and customers who cannot find parking spaces near your location may choose or closer competitors. The same applies if you decide to offer ride-sharing apps for customers and employees. In the UAE there are extensive transport links accommodating all the needs of you and your employees.
The UAE, for example, has a lot to offer you. One of the most appealing aspects of this country is that it doesn't have any income taxes and is very easy to start a business. Additionally, the UAE government provides many financial grants and funding opportunities for foreigners and investors that want to work in the country. The UAE also has a high level of education, and there are many ways for foreign nationals to earn their degrees from universities in Dubai.
As well as this, the UAE hosts many annual events, which attract people from all over the world. There are also people visiting due to the fact it is also a trade and travel hub. Moreover, for the small percentage of its population, it has one of the highest per capita incomes in the world.
Choosing the ultimate location for your new business is not an easy task. Location, zoning, and licensing requirements are essential factors to consider before picking a final place to start up. If you're facing challenges with deciding where to launch your company, don't hesitate to reach out! Our team of experts will be happy to help guide you through the process or create a plan that meets all of your unique needs.