A key moment in opening a store is deciding where to place it. With Pythagor’s Theorem© software, it’s possible.
Blog Post #1, January 5, 2025
Opening a new store, selecting the ideal location for your business, or identifying the most commercially promising micro-area of a city can be a challenging task. Interpreting data, analyzing competitors, and considering numerous variables: where do you begin?
It may seem obvious, but clearly, it isn’t, given the annual store closure rate in Italy (a staggering 13.6%!). One of the most critical decisions before starting a business is precisely choosing the right location!
While the product or service is undeniably important, so is the street where you establish your store, since it determines not only part of your revenue - since foot traffic can be converted into potential customers - but also your costs, as rent varies based on location.
This is where Pythagor steps in. Our company develops an innovative platform (Theorem©) designed to turn complex data into clear decisions. Leveraging advanced statistical models, AI, and the analysis of public and private data, Pythagor offers a detailed map of the area and guides you in creating a report tailored to your needs. For instance, you can discover areas of the city with the best balance of population, sales potential, and rental costs.
Whether you’re a large or small retail or tourism chain, an independent entrepreneur or franchisee, a real estate agent or consultant, a financing bank, a property owner, or a public administration, Pythagor provides a solution tailored to every need. We help you identify the right location at the right time, showing how our software Theorem© simplifies processes - at a reasonable cost - that once demanded time and resources. We also assist in monitoring your chosen location over time to seize opportunities, such as relocating or opening another store elsewhere.
In our blog, we’ll explore strategic geolocation topics, share case studies, and delve into how data analysis can transform your business. This goes beyond opening a store, since it extends to ongoing monitoring of your area’s and other urban micro-areas potential.
So, before making poorly considered decisions that you might regret, take your time and follow us to see how Pythagor can reshape your view of the city.
Your success starts here!
SMM
For questions, suggestions, or personalized analyses, write to us at: info@pythagor.it
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