A third mistake entrepreneurs make is falling in love with a particular location. “That historic Victorian is great. It will be the perfect frame for my antique clothing business.”
Looking at the space itself, what will it take to make the improvements you would need? Does the building need repairs? Is it up to code? Is the existing lighting, heating and cooling sufficient or will you need electrical or plumbing work? Is the ventilation adequate for your needs? How much will it cost to ready the location for your business?
Money spent to prepare the property is money you won’t have to run your business. Set a budget for yourself, before you start looking, and stick with it. If the estimated improvements to the property exceed your budget, keep looking.
Dispatches From The Front 