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Choosing a Location for a Startup Company

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Choosing a Location for a Startup Company
Student Number:
1001031723

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Assignment Title:
Assignment 2: Choosing a Location for a Startup Company

Course Code:
RSM2132

Course Title:
Prosperity and Competitiveness

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1
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Professor Name:
Richard Florida


1001031723

Choosing a Location for a Startup Company

Dear DSC Founding Team, Thank you so much for allowing me to develop your locational strategy. In this paper, I’m going to talk about NYC, Milan, San Francisco and Toronto as the optional locations of your company’s head office, design studio, and retail spaces including popups.1

I. Identify Optional Locations When choosing a location for a startup company, we usually begin with the places: 1) where the company’s funders are familiar with; 2) where the company’s target customers widely distribute in; 3) where the company’s main competitors have exposure to. I.I Familiar Locations A location which you are familiar with is crucial to your business. In a familiar location, you know the demographic composition and further the target customers well, have the basic sense of the rental and labor cost, and have stronger access to industrial and social resources, i.e. the designing, marketing, and distribution. Without living

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