1001031723
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Assignment Title:
Assignment 2: Choosing a Location for a Startup Company
Course Code:
RSM2132
Course Title:
Prosperity and Competitiveness
Section #:
1
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Professor Name:
Richard Florida
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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