In our previous post, we highlighted some of the factors to look out for when choosing to start or expand your business in Singapore. Amongst the factors, location is the most salient. Thus, it is imperative that you choose the right location because:
- It determines the traffic flow of your business
- Afterthoughts about the current location will lead to:
a. Difficulty in changing locations as deposits are already invested in the location
b. Required to pay for monthly rental cost as per contract – Contributes to a rather huge portion of the businesses’ cost structure and thus affecting overall profitability.