Location in business parlance is simply known as the physical place where a business exists or the place where it is situated. For an entrepreneur, after choosing a business to venture into the next major decision needed to be considered is where to locate the business. The are several factors so to say that should be considered. The entrepreneur would need to look at the benefits which each area has to offer as well as any government help which might be available to facilitate business growth in such area.

This relevance of location has translated into series of research by business associates and students alike leading to an increasing publication in many textbooks and in a plethora of [url=http://www.iprojectmaster.com/final-year-projects-materials/BUSINESS%20ADMINISTRATION]undergraduate research works in many universities[/url]. Moreover, below is the importance of setting to the growth of a business:

Market: The nearness of the market must be considered before setting up a business. It would be disastrous if an entrepreneur locates his/her business far away from the market (probably because the pay is low) and expects to get a productive outcome.

Raw materials: Nearness to raw material is a major factor to be considered when considering a business location. If the raw materials are bulky and expensive to transport it will clearly be in the entrepreneur's interest to locate near to them.

Government: Also necessary for consideration is the government policies. Some government policies help facilitate and accelerate business growth as such making such environment business-oriented, so to say. Considering it would be wise for an entrepreneur to plant his/her business in such location. In some instances, government provides special assistance to areas of high unemployment.

Also important to be considered is the transport cost, land cost, availability of labour among other. As long as the growth and productivity of a business is concerned, the relevance of location cannot be overemphasized. For instance, a number of hotels, taxi firms etc. choose to set up close to Airport because of the benefit from the international flow of passengers. Additionally, security and aircraft maintenance firms have located there. All in a bid of maintaining closeness or nearness to the market.