Archive for May, 2018

Experienced entrepreneurs say that the success of the future store depends on three factors: location, location and once again location. It is the issues of choosing the location of the future store and we will devote this material.

There are several approaches to choosing a store

And for the success of the future of the company must be considered by everyone. One, we called it Western, takes into account primarily economic factors: location relative to the main transport interchanges, the welfare of the area, shopping areas and so on.

  • The other, the eastern one, is more ambiguous. Rational European, it may seem at first sight strange, because the main thrust of the store, according to this approach, is the direction of favorable and negative energy flows. For the best Forms of Business Organization you will be having the best options now.
  • However, it is the eastern countries that today demonstrate to the world the miracles of economic development. So, it’s worth trying to take into account another view of business. We think everyone will agree with us that if there is at least one chance out of 100 that using this approach will lead to prosperity, then it is worth applying it.

Suppose you already have a few interesting, at first glance, offers of premises for a store. The first thing you need to evaluate is competition. Are there any similar stores in the area? How many of them? How do they plan the product range? What are their strengths and weaknesses? Visit them all. Watch a few evenings for how the trade is going, for the behavior of buyers, the degree of their satisfaction. Moreover, it is necessary to visit stores in the evening, when most of the residents return from work and buy food. This will allow you not only to provide market capacity, but also potential revenue.

The Next Choice

The next stage of choice involves the development of an offensive map, on which you, as a true commander-in-chief, will inflict enemy positions and map your own.

The Solutions

As you know, each store creates around itself an area of ​​influence, which consists of three sub-zones: near, middle and far. Knowing these zones is vital, because they determine the future revenue of the store. So, according to the estimates, the residents of the near zone account for 60-70% of revenue, the average – about 20% and long-range – about 15%.

The Pareto principle is very universal and it is more or less fair for all business areas: 20% of employees do 80% of the work, 20% of customers bring 80% of the money, 20% of the goods give 80% of profit and so on. Thoroughly analyze your business and focus efforts and resources on more profitable operations.

scratch off map

If you are in financial need, it can sometimes be no different than having to borrow money temporarily. Depending on the situation in which you mistakenly see the money as soon as possible in your bank account. This is no longer a problem now, because borrowing a few hundred dollars can be done within 15 minutes. The best mortgage broker in Singapore offers you quick access to the money.

This immediately involves a number of risks, because it is so easy to borrow money quickly via broker or money lender, you also do this more often. The basic rule that keeps you from getting into trouble is that you do not borrow more than you need. Also remember that if you borrow money quickly, the borrowed amount usually has to be repaid at a rapid rate. It depends on how quickly you have to repay the borrowed money, but with a few hundred dollars this is usually within 30 days and that is very short.

If you are unable to repay the borrowed amount within the set period, you will receive a penalty on top of the amount due.

Advantage and disadvantages of borrowing money

Before you decide to quickly borrow money from an excellent money lender Singapore, you should first consider what you have for other options. A much more advantageous option is, for example, a private loan where you borrow the required amount from a family member or acquaintance. The advantage of this is that you usually do not have to pay any or only a minimal interest. But the biggest advantage is that you agree in advance what the conditions are and when you have to pay it back. And usually your family and friends will be the best for you, so the conditions for quickly borrowing money will be great. But this is of course your situation and every situation is different, but if this is a possibility for you then this is certainly the first choice if you want to borrow money quickly.

If you cannot borrow from family or friends, then there is nothing to do with borrowing from a lender. The conditions of the lenders are quite different and it pays to compare in advance. Look at the amount that you want to borrow. Not every lender lends these amounts.

Terms to check before lending

Read the fine print in the condition, because some lenders claim that they borrow completely free money. This is not entirely true, because usually you pay no interest, but you pay for example 25 dollars to process your request within five minutes. There are always hidden costs to find if the lender does not earn on the rent so make sure you read the conditions carefully, this prevents annoying surprises.