For centuries London has been at the heart of global politics and industry, and even during times of global economic gloom, London has been a pioneer in start-up businesses. In the last year alone more than 200,000 new businesses were registered in Greater London, and that figure seems to be on the increase. If you’re one of them, or are considering joining the ranks, there are a few things you should consider when choosing the perfect location for your business.
When thinking about a location for your business, you should decipher if it has good local transport links, particularly main roads and motorways, as well as public transport offerings like buses and trains. It’s no secret that London’s property rental and purchase prices are on the steep side, so consider renting in one of the suburbs, or slightly further afield.
And of course, don’t forget your employees who will often live in central locations. Despite its proximity to the capital, rental prices in places like Stevenage are much cheaper, whilst also still being accessible for employees to commute to, especially if they live in family friendly suburbs like Islington. Stevenage, for example, would be an easy commute for employees on the train. Travelling by car against the flow of traffic who make the daily journey into the city would also be an option too.
As a start-up, more often than not a lot of your hard earned money will have been invested into your business, and as such you should think about how secure the location of your premises is. Your location can increase the odds of being affected by crime, which can, in turn, influence your insurance premiums, not to mention the cost of additional security measures you may need to keep your business secure.
Knowing the risks of potential activity can help you make an informed decision on the best location for your business.
Checking out where the competition before you sign the lease or buy the property should definitely be factored in. If there’s no competition in the area it might suggest it’s not the right location, similarly, if the area is saturated with similar businesses there might be too much competition.
Establishing which competitors are in the area and what they offer (as well as what they do well, and what they could improve on) could help you choose the right location for your business, as well as help you uncover your unique selling point.
Whether your business is already up and running and you’re looking for a new premise, or you’ve only just started on your journey, finding the right location for your business is only the beginning.
Samuel Leeds Buys Shares In Property Tribes; Says He Wants To Make It Better
People in UK property circles may be familiar with the very public dispute between former MTV presenter, property investor, and community manager of the company Property Tribes, Vanessa Warwick, & property investment trainer and owner of the company ‘Property Investors’, Samuel Leeds; as Leeds has accused Warwick of assisting with racism and discrimination against ethnic minority tenants. In recent news, Samuel Leeds was reported to have bought a 35% share of the company Property Tribes, making him officially now a person of significant control at Property Tribes.
Warwick established Property Tribes to accumulate wisdom from various property owners and landlords to create a place of guidance for people in the industry to do business better. According to the company,
“We wanted to create a free use, safe, and agenda-free place for landlords to get information from a “hive mind”, not a singularity, so that they could learn and grow their property business.”
However, in one of his recent videos, Samuel Leeds pointed out blatant support of racism in some of the advice coming from Warwick herself. As one of the landlords asks on the forum – if they would be implicated by the race discrimination laws in the UK for refusing tenancy to Bangladeshi families as the landlord is not fond of the smell of their staple food, curry; Vanessa Warwick herself is seen advising against mentioning the reason for said refusal, thus averting the legal repercussions altogether.
In the video, Leeds points out several more situations where Warwick has behaved in a racist manner. In fact, she has become a new advisor on the panel of the UK’s Property Redress Scheme and has been under criticism in their forum as well for supporting discrimination against ethnic minorities.
Warwick also expressed strong disapproval of Leeds as a property trainer citing the reason that his students came from the “vulnerable” demographic. Leeds called out the racist mindset in this reasoning, as in reality, his students predominantly come from ethnic minorities and don’t fall in the “vulnerable” category. He began drawing attention to the issue over his YouTube channel and his website, and ended up facing severe disparagement from Warwick and her followers. Leeds finally sued Warwick for defamation and she brought a counter lawsuit for six-figure damages.
In an attempt to put an end to the battle once and for all, Samuel Leeds reports to have bought a share, 35% to be exact, of the company, Property Tribes. Even though he is only a minority shareholder and will have limited control, Leeds believes he can make a difference in “cleaning up the company” and reduce racism in the forum.
He jokingly adds,
“Because they trolled me, I wanted to at least get paid… Like Michael Jackson did to Eminem.”
Leeds pledges that any money he makes off this transaction will be donated to charitable organisations that tackle racism and online bullying. In addition, Leeds will donate an extra £50,000 to organisations that fight hatred in the UK. With this move, he is determined to take a strong stand against all discriminations in the property sector or any other industry.
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