Hardware Reference
In-Depth Information
The supplies necessary for shipping are generally not very costly and are well worth the
price to expand your business. once your company's name spreads throughout the country,
more and more people will be interested in ordering services from you from different loca-
tions, so you will want to be ready to assist, and your profits can only rise from there.
The Commercial Space
A commercial space is just that. In fact, remember talking about offering a “professional”
repair? This is just the ticket to truly bring your business into the professional world. When
I first started looking for commercial spaces, I didn't really know what I needed or what I
was looking for but quickly found out what I could afford. When you make the move to a
commercial unit, you will need everything that we've listed in the “home space” but most
likely more of it.
In much of the United States, if you pay attention to the road signs, billboards, and notices
on many buildings you'll see a lot of commercial space for rent. There are different types
of commercial real estate.
If you've got the capital, there can be good investment value in buying a piece of land to
develop and construct a commercial building for your business. Land itself is typically a
great investment because as the old saying goes, “They aren't making any more of it.” Buy-
ing land, building a building, and subsequently moving into that building will take a lot of
money and time. You most likely won't have much of either, as did I when I started, so this
was not an option for me.
Then there is the retail shopping center type of building. These typically will have good
visibility from main streets and highways and allow large lit-up signs for your business
around the building. It may be in the form of a strip mall, a stand-alone building, or inside a
mall itself. A retail spot may sound ideal. It too, however, comes with a hefty price tag. You
can lease a commercial retail spot, but many landlords require three-year leases, and since
the price for a retail space is relatively very high, your move-in costs will be too. Typically,
most leases require a deposit in the form of first and last month's rent in advance.This is
not abnormal or aggressive on their part, but if your rent ends up being ten thousand dollars
per month, you may need thirty thousand dollars just to be able to set foot inside. Also, the
retail spot is designed to bring in retail foot traffic. This means that the fixturing, displays,
counters, and signage will all need to be professionally built and installed. This can add
significant costs to your start-up adventure.
I took a different route. I looked at an office building classified as a “lightindustrial” type of
space. It was within a row of other businesses and had a glass front. The landlord wouldn't
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