An individual or group with an interest in a business, such as employees and shareholders
Working from home using technology such as the internet, telephone and fax machines
Free (or minimal cost). This is the big advantage! Remember that most start-ups are short of cash!
Requires greater self-discipline – it is easy to get distracted!
Very little travelling, although customers and suppliers might still need to be visited
You can wear what you like!
Environmental benefits – lower carbon footprint
Reduced risk and a lower break-even point for the new business – no commitments to rentals and lower overheads
Work can be combined with domestic tasks and responsibilities (e.g. child care). This can mean significant cost savings
Work is often interrupted – e.g. by callers to the home or by family
Work never goes away – it is difficult to separate work from home life
Potentially lonely – lack of simulation from colleagues
Working from home can give a poor impression to potential customers
Some hidden costs – e.g. extra household insurance, potentially higher capital gains tax
The quality of access to a business through things such as roads, canals and railways
Cost of Land
The cost to buy or rent a premises, it costs more closer to a town centre
a large population means more possible customers and a larger choice of employees
a business wants to locate away from competitors so the business does not have to compete for sales and risk losing profit