{"id":561,"date":"2020-02-28T00:00:00","date_gmt":"2020-02-27T22:00:00","guid":{"rendered":"https:\/\/investinslovakia.eu\/sobotnajsia-lokalita-najpodcenovanejsia-komodita-vo-svete-biznisu\/"},"modified":"2023-02-28T11:59:55","modified_gmt":"2023-02-28T09:59:55","slug":"lokalita-najpodcenovanejsia-komodita-vo-svete-biznisu","status":"publish","type":"post","link":"https:\/\/wordpress.investinslovakia.eu\/en\/lokalita-najpodcenovanejsia-komodita-vo-svete-biznisu\/","title":{"rendered":"Location - the most undervalued commodity in the business world"},"content":{"rendered":"
Even the grandest and most positive investment plan will not turn out well if you put it in the wrong place. Unfortunately, this is the case. And we encounter it often.<\/p>\n\n\n\n
When we talk about location, place of business, I always remember this one experience of mine. I've told my friends about it about 100 times. Read carefully.<\/p>\n\n\n\n
Some 10 years ago I was at the Christmas markets in Vienna. Mariahilfer Stra\u00dfe was hopelessly crowded. I was looking for a restaurant with a free place to eat. I found it somewhere three streets away. It was absolutely quiet. Maybe only 300 meters away from the total hustle and bustle. But really great food. <\/p>\n\n\n\n
They were selling fantastic things in this quiet alley. Delicious strudels at half the prices I've seen at Christmas markets. Beautiful Christmas decorations and home accessories. I was thrilled with it. Well, it had one problem. No one was there! These shops could easily go out of business in time.<\/p>\n\n\n\n
I'll be back in 30 minutes. I walk hungry through the aforementioned Mariahilfer\nStrasse and a guy who had a weird moving cart right on the crowded sidewalk,\nselling plain mugs in two colours with Vienna written on them. I think it was\nblue and red.<\/p>\n\n\n\n
Do you know what happened? There were about 50 people standing around this trolley, waiting in line,\nto buy a mug, then 10 euros a piece. I was amazed at this\ncircus.<\/p>\n\n\n\n
That's called picking a strategic spot!<\/strong> <\/p>\n\n\n\n He could sell at least 1000 boring mugs a day. With a margin of 8 euros (10 euros\nselling price - \u20ac2 cost) his profit is \u20ac8,000 a day.<\/p>\n\n\n\n And 300 meters away great shops are dying due to lack and disinterest\nof shoppers.<\/p>\n\n\n\n The same happens in any other business sector.<\/p>\n\n\n\nChoose the right location before starting any business<\/h2>\n\n\n\n