FINANCIAL ANALYSIS

Location and Profitability for the Money Shop “Payday Loan”

[Name of Student]

Abstract

This paper is based on analyzing the importance of location in Money shop profitability for Payday loan. The initial part of the research identifies the importance of location and its impact on the profitability of the Money shop. The middle part of the research highlights the determinants of location and how it generates profits to the company. During the research some of the content related to location is also identified and in the need of the report some recommendations are also given to make the money shop profitable with respect to the selection of location.

1.Introduction3

1.1.1.Importance of Location with respect to Market Leaders4

2.Literature Review5

2.1.Determinants of location in business lead to profitability7

2.2.Relationship between Location and Business Profitability7

2.3.Important Aspects Related to business & Location8

2.3.1.Investment on Location8

2.3.2.Volume population8

2.3.3.Parking place9

2.3.4.Visibility9

3.Findings & Their Analysis10

3.1.Tips important for Business Selection10

3.1.1.Accessible for the business stakeholders11

3.1.2.Roads and transportation availability11

3.1.3.Availability of all the Necessary Resources11

3.1.4.Favorable weather conditions11

3.1.5.Place in line with the business12

3.1.6.Having in mind our target audience12

3.1.7.Consider the competition12

3.1.8.Investigate the area13

3.1.9.Place accessible13

3.1.10.Access to the Areas14

3.1.11.Location Accessible to Staff14

3.1.12.Visibility14

3.1.13.Ensuring that grant us the License15

3.1.14.Parking15

4.Conclusion16

5.Recommendations16

References18

Location and Profitability

Introduction

The following paper is about the “Payday Loan” plan for location in order to maximize the profitability of the business. The focus of the paper is on the importance of location on the profitability of the business. Being to choose the right location is considered as the key ingredient for a successful business of Money shop (Anand & Delios, 1996). When company is not able to take an effective decision and goes for wrong location that might have involved accessibility for customer, workers and transportation than it cost very badly for organization stability. It has been observed that the money shop which have strong location and visible to the customers would produce the results in a better way.

The location of a payday loan largely determines its clientele, its duration and, in short, success: There is need to consider that if it is true that proper location helps to alleviate some administrative deficiencies exist, an improper location would seriously affect the management, even the most skillful trader. So one of the first tasks of the entrepreneur will know what will be the ideal place to make a success of payday loans. There is need to choose the best location for Payday loans.

Importance of Location with respect to Market Leaders

The location and type of Payday Loan should not be chosen based on personal preference. Most of time it has also been analyzed that the Payday Loan have perfect concept and model but due to some silly mistakes they lose the market and therefore had to face bankruptcy. Here a business needs to know that what it means by selecting a good location.

The basic points to consider in developing a new business for money shop can find the key to choosing a suitable location.

It is therefore proved that profitability of any business is directly proportional to its location. For example, Payday Loans requires a place which ...