Startup: It's All About Location, Location, Location

When it comes to starting your own business, it's all about location, location, location.  That location could be the ritzy retail location downtown or it could be the comfort of your own kitchen table. 

As you start to think about your business location, really give some consideration to how you will use the space.  Will customers come to see you?  Will they need someplace to park?  Can you work from home and still stay sane?  Will you be hiring employees? 

It is important that you are realistic when you think about your space needs.  If employees and clients are coming to see you, give a home office a whirl.  If a home office isn't really an option, take a look at what shared workspace options are available. If a shared workspace isn't available, look at month-to-month locations until you are sure your business volume will support the cost.

If you do decide that you are going to need a physical location, consider your current business needs.  Take into account the number of employees you plan on hiring, the equipment that you need to run your business, and the space that you need to grow. 

Take your time to look at all the options in your market.  When you find the right one, get ready to roll up your sleeves to negotiate.  Find out what utilities are included, if the landlord will do any improvements, and the length of the term of the lease.