Anonymous asked in Business & FinanceInvesting · 9 years ago

how do you do a trading area analysis?

Im in DECA at my school and have no clue how to do the trading area


my business plan in based on a hair salon

1 Answer

  • 9 years ago
    Favorite Answer

    this website gives you a pretty good idea of what is involved. Essentially you want to analyze sectors of the city, state or what ever to see where is the best place to place your business. In your case opening a hair would not want it in an area that was industrial in might not want it in an area with a lot of competition from other salons...if you operate a trendy hair salon you would not want it in an area with a lot of retirement communities.....stuff like that

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