• About
  • Advertise
  • Contact
Tuesday, February 19, 2019
No Result
View All Result
BECOME A CONTRIBUTOR
WeWillRiot BLOG
11 °c
San Francisco
  • Home
  • World
  • Politics
  • Business
  • Science
  • Travel
  • Automobiles
  • Entertainment
    • All
    • Gaming
    • Sports
    How Will The Premier League Be Affected Post-Brexit?

    How Will The Premier League Be Affected Post-Brexit?

    England XI To Face Croatia In Nations League

    England XI To Face Croatia In Nations League

    NC State Football To Host ECU In 12th Game Of 2018

    NC State Football To Host ECU In 12th Game Of 2018

    James Milner Has Become Central To Jurgen Klopp And Liverpool

    James Milner Has Become Central To Jurgen Klopp And Liverpool

    Football’s Yellow First-Down Marker Turns 20 Years Old

    Football’s Yellow First-Down Marker Turns 20 Years Old

    GCMS Football Hits No. 1 Ranking

    GCMS Football Hits No. 1 Ranking

    Croatia’s Luka Modric Wins FIFA’s Best Player Of The Year Award

    Croatia’s Luka Modric Wins FIFA’s Best Player Of The Year Award

    Fifa Warns Sierra Leone It Faces A Ban From Global Football

    Fifa Warns Sierra Leone It Faces A Ban From Global Football

    The Top 5 College Football Teams’ Biggest Weaknesses

    The Top 5 College Football Teams’ Biggest Weaknesses

  • Lifestyle
    • All
    • Fashion
    • food
    • Health
    7 Mental Health Hacks You Should Do Right Now

    7 Mental Health Hacks You Should Do Right Now

    Five Ways your Cell Phone is affecting your Health

    Five Ways your Cell Phone is affecting your Health

    Various Ways Of Wearing Hijab

    Various Ways Of Wearing Hijab

    The challenge of cleaning the Mattress to make the bed feel fresh

    The challenge of cleaning the Mattress to make the bed feel fresh

    The Five Designers Debuting At New York Fashion Week Next Month

    The Five Designers Debuting At New York Fashion Week Next Month

    What Too Much Alcohol Can Do To Your Health

    What Too Much Alcohol Can Do To Your Health

    Measles Cases Reach Record High In Europe Region

    Measles Cases Reach Record High In Europe Region

    Make Up Tips for Your 30,s

    Make Up Tips for Your 30,s

    5 Reasons Why Denim Is A Must-Have In Your Closet

    5 Reasons Why Denim Is A Must-Have In Your Closet

    Here’s Where Amazon Stands In Fashion Ahead Of Prime Day

    Here’s Where Amazon Stands In Fashion Ahead Of Prime Day

    Trending Tags

    • Golden Globes
    • Mr. Robot
    • MotoGP 2017
    • Climate Change
    • Flat Earth
  • Tech
    Using Instagram Comments to Your Advantage

    Using Instagram Comments to Your Advantage

    WordPress Photography Mistakes to Avoid If You Wish to Engage Traffic from Instagram

    WordPress Photography Mistakes to Avoid If You Wish to Engage Traffic from Instagram

    No Plan To Sell Tower Business To Jio: BSNL

    No Plan To Sell Tower Business To Jio: BSNL

    Unique And Interesting Trends In UX Design For 2018

    Unique And Interesting Trends In UX Design For 2018

    Influencer Marketing- A trick how to focus on influential audience

    Influencer Marketing- A trick how to focus on influential audience

    Three Task Forces In The Works To Boost Trade & Tech

    Three Task Forces In The Works To Boost Trade & Tech

    Trending Tags

    • Sillicon Valley
    • Climate Change
    • Election Results
    • Flat Earth
    • Golden Globes
    • MotoGP 2017
    • Mr. Robot
  • Home
  • World
  • Politics
  • Business
  • Science
  • Travel
  • Automobiles
  • Entertainment
    • All
    • Gaming
    • Sports
    How Will The Premier League Be Affected Post-Brexit?

    How Will The Premier League Be Affected Post-Brexit?

    England XI To Face Croatia In Nations League

    England XI To Face Croatia In Nations League

    NC State Football To Host ECU In 12th Game Of 2018

    NC State Football To Host ECU In 12th Game Of 2018

    James Milner Has Become Central To Jurgen Klopp And Liverpool

    James Milner Has Become Central To Jurgen Klopp And Liverpool

    Football’s Yellow First-Down Marker Turns 20 Years Old

    Football’s Yellow First-Down Marker Turns 20 Years Old

    GCMS Football Hits No. 1 Ranking

    GCMS Football Hits No. 1 Ranking

    Croatia’s Luka Modric Wins FIFA’s Best Player Of The Year Award

    Croatia’s Luka Modric Wins FIFA’s Best Player Of The Year Award

    Fifa Warns Sierra Leone It Faces A Ban From Global Football

    Fifa Warns Sierra Leone It Faces A Ban From Global Football

    The Top 5 College Football Teams’ Biggest Weaknesses

    The Top 5 College Football Teams’ Biggest Weaknesses

  • Lifestyle
    • All
    • Fashion
    • food
    • Health
    7 Mental Health Hacks You Should Do Right Now

    7 Mental Health Hacks You Should Do Right Now

    Five Ways your Cell Phone is affecting your Health

    Five Ways your Cell Phone is affecting your Health

    Various Ways Of Wearing Hijab

    Various Ways Of Wearing Hijab

    The challenge of cleaning the Mattress to make the bed feel fresh

    The challenge of cleaning the Mattress to make the bed feel fresh

    The Five Designers Debuting At New York Fashion Week Next Month

    The Five Designers Debuting At New York Fashion Week Next Month

    What Too Much Alcohol Can Do To Your Health

    What Too Much Alcohol Can Do To Your Health

    Measles Cases Reach Record High In Europe Region

    Measles Cases Reach Record High In Europe Region

    Make Up Tips for Your 30,s

    Make Up Tips for Your 30,s

    5 Reasons Why Denim Is A Must-Have In Your Closet

    5 Reasons Why Denim Is A Must-Have In Your Closet

    Here’s Where Amazon Stands In Fashion Ahead Of Prime Day

    Here’s Where Amazon Stands In Fashion Ahead Of Prime Day

    Trending Tags

    • Golden Globes
    • Mr. Robot
    • MotoGP 2017
    • Climate Change
    • Flat Earth
  • Tech
    Using Instagram Comments to Your Advantage

    Using Instagram Comments to Your Advantage

    WordPress Photography Mistakes to Avoid If You Wish to Engage Traffic from Instagram

    WordPress Photography Mistakes to Avoid If You Wish to Engage Traffic from Instagram

    No Plan To Sell Tower Business To Jio: BSNL

    No Plan To Sell Tower Business To Jio: BSNL

    Unique And Interesting Trends In UX Design For 2018

    Unique And Interesting Trends In UX Design For 2018

    Influencer Marketing- A trick how to focus on influential audience

    Influencer Marketing- A trick how to focus on influential audience

    Three Task Forces In The Works To Boost Trade & Tech

    Three Task Forces In The Works To Boost Trade & Tech

    Trending Tags

    • Sillicon Valley
    • Climate Change
    • Election Results
    • Flat Earth
    • Golden Globes
    • MotoGP 2017
    • Mr. Robot
No Result
View All Result
WeWillRiot BLOG
No Result
View All Result
Home Business

Tips for finding the right premises for your business

Tips for finding the right premises for your business
0
SHARES
15
VIEWS
Share on FacebookShare on Twitter

JOHANNESBURG – In the early days of a business it is less risky if the first move out of the entrepreneur’s kitchen or garage is rented space rather than bonded property.

The risk of failure remains high and the consequences of not achieving the targeted or expected levels often gets exacerbated by the burden of having to pay off property.

To minimise this risk, tenderpreneurs should consider the following tips when looking to find the right space for their business:

1. Location

It serves no purpose to occupy a grand building, even at minimal rent, situated kilometres away from the business’s customers and suppliers. Premises in an inappropriate area could mean employees struggling to get to work, having to navigate congested traffic. Identify an area that suits the clients, the employees and the budget.

2. Size

Find the right size premises because the growth of the business needs to be over the period of the lease, and often beyond. If the premises are too big, part of the rental cost is wasted on unused space. If the premises are too small, growth could mean having to move. This could result in unnecessary and often costly moving and down-time costs. Finding rented space where additional units may be available should you need them might be an attractive option to consider.

3. Office space

Often business premises come with a pre-existing ratio of warehouse-to-office space, or workshop- to-office space, which is usually a legacy of the previous occupants. If, for example, only one office is needed, ask the landlord to knock down the walls of the office space not required, to result in your ideal ratio of office to productive space.

4. The mezzanine level

Many landlords build mezzanine levels to increase the square metres they can rent out. It may work well as office space, but stairs make it a bad idea if you want to use it for storage, and the low roof can limit your ability to stack goods. Mezzanine space should normally be rented out at a lower rate.

5. Operational costs

A seemingly affordable rent may hide high electricity, water and security costs. A building with LED lighting, as opposed to old fashioned floodlights, can save your business thousands of rand over the period of your lease, as can a well-insulated building on air-conditioning costs. Make sure all the operational costs are clearly laid out and considered when you compare different options.

6. Back-up infrastructure

Ask if the premises have back-up systems for electricity and water supply, which have become more important in South Africa due to the increasing uncertainty of these supplies. Increasingly, business complexes have their own back-up generators or solar power systems as well as rain-harvesting systems.

7. Fair rental

Make sure you are not signing up for a rental that is higher than the going market rate. Shopping around for premises will soon give you a good idea of what the average rate per square metre is for the type of premises you are looking for.

8. Affordability

It is one thing to make sure that the rate per square metre is fair and in line with the market, but a different question altogether is whether your business can actually afford the package as a whole – the monthly rent, the operational costs, the cost of moving and possible increased transport costs. Do your calculations carefully to ensure that your business can afford all the costs.

9. Lease period

Carefully consider your business’s needs and make a point of negotiating the most suitable period with the landlord. As commercial landlords tend to prefer long-term tenants, the length of the lease can be used as a bargaining tool.

10. The landlord

Enquire about your landlord by speaking to previous tenants, current tenants in other properties owned and managed by the same landlord, neighbours and your wider business network. Signing a lease with a landlord you have researched will give you comfort that you are entering into a contract with someone you can trust, who respects and serves the tenants and can therefore contribute to your business success.

Editor’s Note: This post was originally published in iol.co.za By Ben Bierman

Tags: LocationPremisesRental
J. William

J. William

Related Posts

Why Switzerland Is Worried About UK Trade After Brexit

Why Switzerland Is Worried About UK Trade After Brexit

by J. William
November 23, 2018
0

Ever since the UK voted to leave the European Union in 2016, Switzerland has been carefully watching Brexit proceedings. The...

Stocks Plunge In Asia After Wall Street Sell-Off

Stocks Plunge In Asia After Wall Street Sell-Off

by J. William
October 25, 2018
0

Asia stocks have joined a global sell-off after a bruising session on Wall Street which saw two of the three...

World Shares Mostly Higher Before EU Meets To Discuss Brexit

World Shares Mostly Higher Before EU Meets To Discuss Brexit

by J. William
October 17, 2018
0

SINGAPORE (AP) — Share prices in Europe and Asia were mostly higher on Wednesday before a European Union meeting seeking...

PayPal Launches PayPal For Business In India

PayPal Launches PayPal For Business In India

by James
October 5, 2018
0

PayPal, a global technology platform and digital payments leader, on Thursday announced the launch of its first merchant-focused App in...

IMF Says, World Economy At Risk Of Another Financial Crash

IMF Says, World Economy At Risk Of Another Financial Crash

by J. William
October 4, 2018
0

The world economy is at risk of another financial meltdown, following the failure of governments and regulators to push through...

WTO Cuts Trade Growth Forecast Amid US Tariff Disputes

WTO Cuts Trade Growth Forecast Amid US Tariff Disputes

by J. William
September 28, 2018
0

GENEVA (AP) — The World Trade Organization lowered Thursday its global trade growth forecasts, citing increased trade tensions between large...

Category

  • Animal
  • Automobiles
  • Business
  • Crime
  • Entertainment
  • Fashion
  • food
  • Gaming
  • Health
  • Inspiration
  • Lifestyle
  • Movie
  • Music
  • Politics
  • Science
  • Sports
  • Tech
  • Travel
  • World

BECOME A CONTRIBUTOR

All it will take is a minute to expose and explore your talent and creativity. So what are you waiting for JOIN today for free.
BECOME A CONTRIBUTOR

Site Links

  • Register
  • Log in
  • Entries RSS
  • Comments RSS
  • WordPress.org

About Us

” WeWillRiot.com ” A Blog which is a site for all sort of things. From Entertainment to Current news, Spirituality to Science, Bollywood to Hollywood, from what’s Trending to what’s not.

  • About
  • Advertise
  • Contact

© 2018 WeWillRiot.com

No Result
View All Result
  • Home
  • Politics
  • World
  • Business
  • Science
  • Entertainment
  • Gaming
  • Sports
  • Fashion
  • Lifestyle
  • Tech
  • Health
  • Food

© 2018 WeWillRiot.com