Building and running a successful business is no mean feat.
With the odds almost stacked against new businesses, it makes sense that you would want to get your business on the right foundation from the get-go.
One of the key things that determine a business’s success is its location.
If you have been thinking of starting a business in Montreal, you already know that some districts are better suited for this than others. Once you settle on a district, it’s best to contact a real estate lawyer in Montreal to guide you through the process.
Here, learn which ones there are and why they should be your top picks.
Top Districts to have a Business in Montreal
The top 5 districts to set up your business are:
- Outremont
- Saint-Laurent
- Verdun
- LaSalle
- Lachine
All being in Montreal, these districts share some commonalities that make them ideal places to set up a fledgling business.
Which are these? Here are x reasons to pick these districts for your business.
1. Affordable Real Estate
Business expenses are a huge aspect of running a business. Essentially, you need to keep your costs as low as possible to enjoy good profits.
For most businesses, business premise rent is among the largest recurring overheads.
If you can find a fairly priced office space, you are already an edge up. This is one positive thing about setting up a business in the above-listed districts of Montreal. You are able to get good, well-serviced office space at a good price.
2. Support and Talent Availability
These five districts are known for welcoming and provide other support and collaborative services to start-ups.
Whether you are looking for mid-level employees in various functions or specialist consultants to support your business functions, you are unlikely to find what you need within the districts.
3. Quality of life
Past your business hours, you will need to be out and about living life. And this is especially useful for business people dealing with long hours and the stress associated with a new business.
Whether you move here by yourself or have a family, these five districts will have a lot to offer. Think schools, healthcare systems, public transportation network, recreation, restaurants and entertainment and so on.
With this taken care of, you will be able to unwind and trust that your family will be happy and healthy. You can then focus on growing a successful business.
First Things First
Indeed, the location of business matters a lot and these five districts will highly favour your dream of building a business empire.
First things first, however: you will need to refine other aspects of your business first. Think finances, marketing, hiring and so on. With these in place and a business premise in these districts, you are halfway there.