Michael Milnes started his own physical therapy practice out of his home in Rochester, MN 18 years ago. He has since expanded to two office locations in Rochester and is excited to keep growing. When opening his first location, he wanted to find a space that blended old and new and chose a Victorian home in a busy area of town because Michael Milnes understood how important a good location is for any kind of business.
Business can succeed or fail based largely on their location so making sure to find the right spot is crucial. Consider these questions before signing a lease or putting in an offer on an office space.
- Is the location easily accessible to the patients that will be going there? Knowing whether the layout of the building and size and proximity of the parking lot fit with the patients is important to consider.
- How much space is really necessary? Sure it would be nice to start out in a large space and have room to grow, but it may make more financial sense to start small and expand later when the business needs it.
- How’s the competition? Moving into an area already saturated with the same type of businesses may or may not be the right choice. Researching what types of business are near the prospective one will often help narrow down an area.
Michael Milnes opened his first office location in a historic area of town and is expanding across the city to increase his client base and provide easier access for existing patients that live in the area.