Long-term personal and professional goals are essential when it comes to setting overall targets. But in the short term, a personal goal, such as starting a family, may take temporary precedence over long-term aims such as running a business. Setting Goals Write down all your goals and then divide them...
Month: February 2020
For a manufacturer, the location site choices narrow significantly. Communities have zoning laws that limit manufacturing companies to certain designated areas away from residential, retail, and office commercial sites to reduce the chance of noise, odor, and pollutants affecting the citizens. Often these areas are known as industrial parks...
The Trade Area The Trade Area is the region from which the entrepreneur expects to draw customers. The type of business will largely determine the size of the trade area. For example, if a business sells general merchandise that can be found almost anywhere, the trade area is much smaller;...
Financial Incentives Most community governments are faced with cash needs that go well beyond the tax tolerance level of their citizens; consequently, they work diligently with economic development agencies to attract new business – and the accompanying tax revenues – into the community. One of the ways they attract...