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5.4
Location
Whether or not a business requires a physical presence for customers to visit, a business requires a physical space in order to conduct its operations. This could be a room, a store, a building, a plot of land and everything in between.
A business needs to consider the location of its operations with great care to ensure its longevity. For many, the operations location may be the largest fixed cost the business has, tied to a long-term contract that can be difficult to change.
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