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For what reasons might a person intentionally avoid starting a retail business in his or her hometown?
Hi , This is Vinod. The person intentionally dont start his/her business in his hometown because the major reason is initially he needs to invest his own money and starts the business and if it is hometown there the problem starts and the problems are.. 1. Needs to give credit to the people because he is well known to others 2. He cannot recollect the credit amount from the purchasers because they might be there friends,neighbours etc. 3. There will be a lot of bargaining process occur because the person is well known. === === There might not be enough customers in their hometown to support the business. If other similar businesses already exist, there might be an unfavorable level of competition. It might make more sense to open in another town where the demand is higher - for example, if they wanted to open a bait shop and the closest river or lake was in another town, the other town would be a better location.
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