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Conduct a location analysis on factors such as demographics, real estate prices, crowd density, target audience, expected footfall, average income, accessibility to market, and parking spaces. . It is highly advisable to do a competitiveanalysis to understand how your competitors are doing in that location.
This is equally important to how services delivery takes place, as customers are open to switching to their choice if they find services better catering to their needs (80% of consumers, Qubit). When it comes to favourable circumstances, we could definitely name a few: More room in the job market, making it easier to procure qualified staff.
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