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Can location really be the downfall of a business?

It most certainly can. One of the biggest things that I have learned through research and other classes at Wallace State, is that a business can fall flat on its face if its in the wrong area. I also have some first hand experience on this topic as well. My family owned an automotive shop in a well populated blue collar area. The business thrived! Many times, business had to be turned away to another day because of being backlogged. My family decided to move the business over different reasons, mainly the rent had skyrocketed and the owner of the building had become very sick and unwilling to co-operate with some of our demands. Once we were moved, business picked up eventually but the workload was never the same. I am sure this has been the case with thousands of businesses that have been in the wrong location as a start up, or moved their business to a cheaper district. Some may argue that if the business is good enough, it will survive anyway. I would much rather pay a higher rent to be in a populated area. than to have a low rent with less business. One day, I hope to own the building so rent wont be an issue. Feel free to shoot me a comment if you agree or disagree.

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