INTD 55 business practices setting up a design studio.

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INTD 55 business practices setting up a design studio

Transcript of INTD 55 business practices setting up a design studio.

Page 3: INTD 55 business practices setting up a design studio.

evaluating a location

•is it close to my market?•are there sufficient potential clients with adequate income levels to support a design firm?•how much competition is there?•how do I feel about making this area my home for the next 10 years?•what is the quality of the area’s schools & cultural resources?•is there good police & fire protection?•is there affordable housing available for both management & staff?•what is the quality and cost of the available staffing?

Page 4: INTD 55 business practices setting up a design studio.

evaluating a location

•what is the quality of the business climate?•does my business conform to the zoning within this area?•what are the taxes?•are merchandise and materials readily available?•can my clients get the contractors they need?•am I able to get the warehousing I need, or can I supply it myself?•how will I be able to process the jobs in this location?•do I have the appropriate traffic flow?•is this a good neighborhood for visibility?

Page 5: INTD 55 business practices setting up a design studio.

evaluating a building

•is the building physically suitable for a design business?•does the exterior reflect my design image? Can it be adjusted within a reasonable range to suit?•is there an opportunity to use some type of display or image-attracting signage?•what is the cost of purchase or lease?•can I design a space that is of value to our use, or am I paying for a lot of real estate that I will never be able to use?•how will the building hold up over the next 10 years?•is the space flexible? Can we grow or shrink according to our needs?•is it a pleasant place?

Page 6: INTD 55 business practices setting up a design studio.

evaluating a building

•what kind of history does the building have? What kind of business was there before? Did it do well?•is it a safe environment for both my employees & my customers?•is it a stable neighborhood?•is the building easily accessible for my clients? can they find it? parking?•does the interior layout correlate with my design firm objectives? Will it be easy to adapt?•is the lighting good?•what is the condition of the HVAC?