Should You Buy Or Rent Premises As A Small Business?

As a small business owner, one of the things you have to think about is the premises out of which you operate.

While some businesses rent their office, shop, or wherever, others own it outright. Generally businesses transition from renting to buying once they reach a certain size, but is that right for everyone? And at what point does a small business become big enough to take this particular step?

If you’re currently renting your premises, it could be that that’s the best deal for you right now. If you’re thinking of your future however and want more security and long-term benefits than renting affords, then you may want to think about buying your own office, warehouse, retail unit or whatever kind of property it may be, to own outright.

As A SME, How Can You Improve Your Chances Of Getting A Commercial Mortgage?

Mortgage (Photo credit: Rev Dan Catt)

When you’re a small business owner, you’re likely to always be looking at how you can grow and develop your organisation.

Whether it’s to take on new staff or increase your product range, it all comes back to finances at the end of the day.

A lot of the time, your growth will be determined by your sales figures and the more you sell, the more money you earn and the more you have available to spend on your business’s development.

Why Paying Someone To Help You Grow Could Be The Best Money You Spend

Money (Photo credit: 401(K) 2013)

Every small business owner needs a helping hand at some point in time.  It might be a little advice on how to generate more leads or it could be to support them whilst developing and implementing a national marketing strategy.

Whatever it is, there are very few small businesses who don’t reach out for some assistance and by no means should it be considered anything other than a positive move forward when you do.