|
The majority of small firms choose business premises based on where owners live, according to the Forum of Private Business (FPB).
Convenience is the number one decision maker when small firms are seeking out offices, with costs and tax planning usually considered at a later stage, said FPB spokesman Matt Hardman.
He suggests that while overheads are a concern for SMEs, the majority will choose a business location that allows clients ease of access and is well-located for staff.
"Usually it is proximity to the owners residency - where he or she or the chairperson lives," Mr Hardman explained.
"The only other thing that sometimes happens is if youve got a main client - in marketing or something - then you may well locate your business near that main client," the expert added, suggesting that reaching big clients is one of the key concerns during company formation.
"Cost tends to come well down the list; once you have decided that is the area [to which] you need to locate then you look at what you can get for what cost in that area, but it is not usually at the top of the list," Mr Hardman concluded.
Recent research from the Department of Business, Enterprise and Regulatory Reform has revealed that 99.3 per cent of UK firms employ less than 50 members of staff.
See copyright notice
| Other
Top Business News Stories |
|
Business
News 
