Strategic Planning in the Small Business

Unit 1

HO

1-2 (continued)

LOCATION

Describe

Location

* What

is the address

of the business?

* 

What

features make

the location

attractive?

* What nearby

business will

help attract

customers?

Determine

Future Needs

" What renovations

will

be needed and

at what cost?

" What are

the prospects

for business

growth?

Identify

Occupancy

Costs of Location

"

What are the

terms of lease/purchase?

" What

are the annual

costs?

• Rent or mortgago


• 
  

  Property
  taxes

  
  


• Maintenance

and repairs

• 
  

  Insurance

  
  


• 
  

  Utilities

  
  


• 
  

  Other
  costs

  
  


• 
  

  Total
  annual
  costs

  
  


• 
  

  Total annual
  cost per square
  food

  
  

Determine
Layout

"

What is the

best layout for

the business?

" How much

space will

you need?

" How

will you organize

the work

flow?

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