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There's Nothing Wrong With Healthy Competition

There are benefits to locating your office near competitors.

Opinions expressed by Entrepreneur contributors are their own.

Are your competitors located nearby? Sometimes that's a good thing, especially in industries where comparison-shopping is popular. That's why competing retail businesses, such as fast-food restaurants, antique shops and clothing stores, tend to cluster together. You may also catch the overflow from existing businesses, particularly if you're located in a restaurant and entertainment area. However, if a nearby competitor is only going to make your marketing job tougher, look elsewhere.

Excerpted from Start Your Own Business: The Only Start-Up Guide You'll Ever Need