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DC Women's Business Center Sponsored by: U.S. Small Business Administration Operated by: Business at the Next Level: Location, Location, Location.

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Presentation on theme: "DC Women's Business Center Sponsored by: U.S. Small Business Administration Operated by: Business at the Next Level: Location, Location, Location."— Presentation transcript:

1 DC Women's Business Center Sponsored by: U.S. Small Business Administration Operated by: Business at the Next Level: Location, Location, Location

2 DC Women's Business Center Location, Location… Website? Agenda: Considerations for choosing a location Maximize revenue in your space Considerations for getting online Maximize your web presence

3 Considerations for Location Does it fit your Business Plan? Marketing Financials Operations Need for additional resources Parking & Transportation Usefulness of the space Rent Your work style Clientele

4 DC Women's Business Center Maximize Your Space Run the Numbers Costs vs. Revenue Check your margins! Ex: Hair Salon 4 Chairs, 3 rented out In-store space for beauty products CostsRevenue Rent: $5000Chair Rental x 3: $4000 Supplies: $300Your Services: $4480 Insurance, Permits:$200 Product Sales: $2500 Utilities: $400 Inventory: $1300 Total: $7,200Total: $10,980

5 DC Women's Business Center Maximize Your Space, cont. Move Product Sales Online: Reduce Costs Increase space available May reduce product sales temporarily CostsRevenue Rent: $5000Chair Rental x 4: $5300 Supplies: $300Your Services: $4480 Insurance, Permits:$200Product Sales: $2000 Utilities: $400 Inventory: $1000 Build-out loan payment: $200 Total: $7,100Total: $11,780 Install another chair : Increase Revenue Open new markets and increase brand awareness

6 DC Women's Business Center Considerations for Online Space Content is King! SEO – Search Engine Optimization “Pull Marketing” Staying relevant May have to purchase office equipment Potentially serves international market Receiving payment online Lower cost on rent Hosting costs Your time! Home Office/Online Considerations

7 DC Women's Business Center Online Resources Build it yourself vs. Hiring someone to build your website Facebook, LinkedIn, Twitter, Pintrest Track Your Progress E-Commerce platforms


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