BizWarriors Forum Is a Free Entrepreneur, Business and Start Up Forum

Connect With Other Entrepreneurs Online Today!
Dismiss Notice
Welcome to Our Community
Wanting to join the rest of our members? Feel free to sign up today.

Share This Page

  1. Corazon

    Corazon Entrepreneur

    187
    56
    28
    For entrepreneurs, the place of business is one of the biggest headaches. I was lucky to have my place of business in the ancestral home of my husband otherwise, renting would have broken my back.

    In the business area here, they ask for 6 months of advanced rental plus 2 months of deposit. That would eat a chunk of the capital. And to think that the tenant takes care of the enhancement particularly if the business is a store. And how about the furnishings and appliances like air conditioning, etc.

    So for those thinking of a start-up, don't miss out on the issue of your place of business.
     

  2. T J Tutor

    T J Tutor Entrepreneur

    1,068
    389
    83
    The costs of storefronts can be very expensive. On average though, it isn't the largest expense in opening a business. It can be among the largest for offices, but the initial cost of a storefront rarely exceeds the costs of inventory, payrolls, and operational expenses.
     
  3. Valerie

    Valerie Entrepreneur

    123
    44
    28
    Nice post. I must concur.

    Location, location, location. If you chose a place that doesn't get seen by the main population, chances are the cost of running your business will greatly outweigh any profit. Certain locations might drive away potential customers or attract ones you don't want. Finding a place where you can drive interest straight to the storefront is really important. Then comes the cost of operations, which a lot of people don't consider until it becomes reality.

    Renting an apartment is hard. Renting a storefront is much harder. Sometimes I wonder if buying a location would solve the issues of dealing with landlords, renting laws, and the monthly expenses of a space that isn't even yours to customize.
     
  4. Gemma

    Gemma Entrepreneur

    14
    6
    3
    Thank you Corazon, that's really good advice. I suppose that's why we see so may businesses online today. Purchasing a domain and putting up a website takes up a fraction of the cost as compared to a physical store.
     

Share This Page

Loading...
Similar Threads - Renting place business Forum Date
Take a tour of the New York City apartment that's renting for $300,000 a month General Discussions Nov 26, 2015
Running out of places to advertise? General Marketing and Promotion Mar 25, 2016
How Do You Deal With Irreplaceable Employees Who Regularly Turns Up For Work Late? Employees and Human Resources Mar 19, 2016
Green marketplace Planning Your Business Feb 29, 2016
What are the best Historical places to visit? Travel Feb 19, 2016