Choosing a Retail Space: Location, Location, Location

Once the paperwork is squared away, it's time to move onto the next aspect of setting up your business - choosing a location for your shop. One option that many first-time entrepreneurs choose to go with is working from home. Not only does it save money, but it can give you more flexibility as well.

Choosing a Retail Space: Location, Location, Location

Location is important when opening a business.

If you choose to begin your beading business at home, it's important to make sure that you have the right space to be productive. Oftentimes, working from home can be difficult because of the number of distractions that present themselves on a regular basis: television, friends and family.

The key to finding a space to work from in your humble abode is to find a room that is away from the rest of the house. Whether it's an office or a den, the space should be yours and free of distractions.

Make sure that it's also a practical space for working as well. There should be an abundance of outlets to plug in necessary electronics, such as a computer and a fax machine, to conduct business on a daily basis. It might also be worthwhile if you consider additional space for furniture, such as a filing cabinet or a large desk for organizational purposes.

Those who have made the decision to open a brick and mortar location have a bit more work to do. After all, this is where you'll likely be spending the bulk of your day--not to mention a few nights burning the midnight oil ordering wholesale beads and balancing the books.

The rental space that you choose should not only be large enough to cater to your visiting customers, but for you to carry out everyday operations. It's wise to choose a space that has an office that can be used specifically by staff to run the show behind the scenes. Whether it's distribution or just filing through orders, this dedicated room can be a lifesaver and relieve an ample amount of stress.

It may be a cliché saying, but one of the most important aspects of choosing retail space is location. While many beading hobbyists and those with a passion for the craft will likely go out of their way to find your shop, securing foot traffic will only help increase your profit and sales in the long-run.