Guidant Financial Group Blog

While working with our 401(k) small business financing clients, we have found that the one part of the process (aside from selecting the business itself) that holds things up the most is the location selection.

As they say, it's all about "location, location, location!"

But, do you know what makes a good location? Obviously foot-traffic is important for retail, just as accessability and parking is important for the food industry - but have you thought about where you can find the best employees? What about where the best tax rates are?

A new article in BusinessWeek hilights some great websites dedicated to helping businesses choose the right place to call "open," as well as some great tips for what kinds of questions you should ask yourself before moving forward on any one location (see Where to Locate your Business).

Some great resources for you may be:

- www.ZoomProspector.com
- www.city-data.com
- www.siteselectionnetwork.com

There's no harm in studying-up early in the process. This way you'll be prepared when the time comes to sign that lease ... and you won't have any hold-ups once you do get that financing secured!