loans to consider, usually based on your business’s credit standing and financial history. Another chapter will detail warning signs that your company needs new office space. You don’t want to be behind in noticing any of these. That can cause you to work out of a negative environment. Another chapter compares owning versus leasing. If you have the finances to do so, investing in your own property makes a lot of sense and can eventually bring in more capital for you and your company. The rest of part one details some of the ways you can offset the costs of the purchase — there are a few — and some factors to consider while searching for your property. Your Property Search Needs to Be Planned Out and Done As Early As Possible Part 2 will go over the aspects of your property search, what to consider, and other factors you might not be aware of. Having more than one realistic option you could see your company investing in is the biggest part of your search. Without this, you will find yourself in a tough spot during negotiations. If you are buying more space than you need, or just considering it as a long-term investment, you will need to find out your NOI (net operating income) to know how successful your investment is doing. You will also have to conduct a financial analysis with your assembled team. This will weigh the loans you get approved for against the price of the building and also take in external factors such as how much money you need to put down and how much repair and renovation you need to do.
Part 3 is about the negotiation process and how to work around
3
Powered by FlippingBook