Tag Archives: business

Are You Trying to be a “Jack Of All Trades” in your Business?

Being a “Jack of all trades and a master of none” is not a good strategy your business.

Payson Arizona

I frequently talk to business owners who have paid the penalties “literally”, of hiring one of their regular “vendors” to provide additional services for them that was obviously outside the “vendors” area of expertise.

 

We are all in business to make money and it is difficult to turn down business form a regular customer/client and while meeting every need of every customer may sound customer-centric, that approach often leads to not serving any customers well.

 

Being in the real estate industry, many people think real estate is real estate. All real estate is not the same. Can you think of anything that a commercial building has in common with a house? If you said they both have at least one bathroom I urge you to think how the bathroom in a commercial building resembles the bathroom in your home. Right try again.

 

Well not only are the features between a house and a commercial building different, but the marketing strategies between residential and commercial real estate is also vastly different.

 

I am a commercial real estate agent, I do know however, many very qualified residential agents, so even though people give me strange looks when they ask me to help them buy or sell their home, and I refer them to one of those residential agents, even family members.

 

Even the largest of companies can’t afford to chase every dollar—only the dollars that align with their business strategy.

 

Let me know how I can help your with your commercial real estate needs.

 









 

The views and opinions expressed in this commentary are those of Richard D Chapin, PLLC as of the date of publication and are subject to change, and do not necessarily reflect the views of Arizona Elite Commercial and/or its affiliates.

 

 

This information is for informational purpose and not intended to be investment advice, and should be explained to you in detail. You should always seek legal and/or tax advice to obtain further information you deem necessary. I want you to be prepared.

 

Is Your Office An Asset Or A Liability for Your Business?

Some important things to consider when selecting an office for your business to insure your office is an asset.20131206_081927

The office location

That’s right in real estate its about location location location, but for different reasons that searching for a home. Getting a professional office space for your company could be the shot in the arm needs to get to the next level. Whether to improve employee retention or because you want to look more professional to potential customers, getting a professional office space is the right move to position your business for further growth.

Things to consider:

  • How easy is it for your employees to get to work? Are you near major access roads? (Easy access from your employees homes.)

  • Is there ample parking for your employees and guests?

  • What about ingress and egress to and from the property?

  • Are you close to an airport? If the proximity to an airport is important to you.

 What about any Amenities?

  • Is there a daycare provider nearby?

  • Are there good places to take clients/customers to lunch?

  • How far do employees have to travel for lunch, going to a pharmacy, doctors’ offices, etc.? You can increase employee productivity through decreased time away from the office.

If you are in a convenient area, employees are able to get to work on time and spend less time out of the office. Having a lot of amenities in the vicinity will improve the employee’s satisfaction and results in fewer employee turnovers. This will also help you attract and keep the best talent.

The office building

It’s critical that the property where you occupy space is efficient. To that end:

  • Is the building appropriately priced within your budget for your business?

  • Are the office operating costs high or low?

  • Is the office buildings load factor high or low?

  • Is it more space than you actually need?

  • How old are the building’s systems, example: HVAC, Internet and other communications capabilities. Will they likely need to be renovated, and how will that disrupt your operations?

Locating your business in an office building that is efficient and has a low operating cost reduces your business’s occupancy expense. Quality systems, a healthy environment and plenty of amenities can reduce your employees’ out-of-the-office time and increase your employee’s satisfaction rating.

The office space itself

Space efficiency is a hot topic these days in the commercial real estate world, as businesses are trying to keep their expenses down, while providing room for growth.

As Millenials will be making up 75% of the workforce in 11.5 years, we can expect the rapid changes in today’s office space is inevitable.

More things to think about:

  • Having standardized offices and workstations can reduce your overall real estate costs.

  • Is the amount of space in line with industry standards for employee-to-space ratio (1 employee per 200 to 350 rentable square feet)?

  • Do you have enough public spaces to optimize productivity ( meeting rooms, employee break room, printers, copiers etc.)?

  • Do you have a sublease plan ready if you need to downsize?

Let me know how I can help you find an office that’s an for your business that increases productivity and employee satisfaction, while decreasing your costs. A true win-win!

 









This information is for informational purpose and not intended to be investment advice, and should be explained to you in detail. You should always feel free to consult an attorney and/or tax adviser to obtain further information you deem necessary. I want you to be prepared.

 

Franchises Added 20,000 Jobs in May, As Downside Risks have Diminished

It appears that economic activity has been expanding at a moderate pace. Labor market medical office condo in gilbertconditions have shown improvement in recent months, however, the unemployment rate remains elevated.

 

Household spending and business fixed investment has been increasing, and the housing market has strengthened in many areas of the country, but fiscal policy is restraining economic growth. Partly reflecting transitory influences, inflation has been running below the Committee’s longer-run objective, but longer-term inflation expectations have remained stable.

 

According to a new report issued by ADP, franchises across the U.S. created nearly 20,000 net jobs last month, restaurant franchises added the most jobs, with 13,980, followed by the business services (2,530) and food retailers (1,080) sectors.

 

While the report didn’t break down by state or regional data, it is likely a strong portion of those jobs were added here in the Phoenix market, which has had a number of new restaurant franchises announcing new locations in the area.

 

This information is for informational purpose and not intended to be investment advice, and should be explained to you in detail. You should always feel free to consult an attorney and/or tax adviser to obtain further information you deem necessary. I want you to be prepared