11. November 2016 · Comments Off on Types of business premises · Categories: Entrepreneurship

So, you already have your business plan, resources, and you are all set and raring to become an entrepreneur, but you know you have to do something about the premises first. Once you have decided to start your business, you should be thinking along those lines, because once you stock up it will be too late to call the builders and the decorators in for at least a year or so. Therefore, it is time to make sure that your building is ‘fit for purpose’, before you redecorate.

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Owners of businesses, regardless of type, will need premises of some kind. Others may need a shop, office, workshop or warehouse, but a decision will have to be made as to where to locate the business.

When looking for a premise, the first thing you should be thinking about is your type of business. The type of business you are running will determine what type of building you need. There are a number of things to consider when making a decision on from which type of premises to operate your business.

When you are into business, you obviously want to earn as much profit as possible. In order to do this, you need to minimise your cost. Hence, when looking for a business premise, it has to be affordable. However, you still need to make sure that that it is in nice location, secured, accessible, and has enough size.

There are several types of business premise. For more details, check out this link: https://www.smallbusiness.wa.gov.au/business-topics/premises-location/types-of-business-premises

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