Small Business Start Up: Owners' Preference on Business Location

Small Business Start Up
Name
Institution
Date
Is the hometown of the business owner likely to be a good location?
Is it logical for an owner to allow personal preferences to influence a decision about business location? Explain your answers
The location of the company is a critical factor for the success of your business, and choosing the hometown may be good or depending on the potential for growth and regulations should be considered. The geographical location of the startups in a specific area is a strategic decision and depends on certain factors that may favor or damage the present and future financial viability of the businesslike taxes and regulations (SBA, 2019). The business owner can choose the hometown because of cultural ties, familiarity with the place and people and ability to get credit since there are connections. Regardless of whether the business owner chooses the hometown as the location, the economic advantages and disadvantages remain the same. As such, when choosing the specific location of ...