Negotiating a Commercial Lease Part 1

This is going to be a series of articles covering some of my experiences and techniques I have used to successfully negotiate Lease Terms. This article is simply an introduction to negotiating a lease and will serve as an outline to the articles to come.

These articles are not going to cater to those of you who own businesses working from home. However, I believe that the tips shared here could be valuable for you in other aspects of your life that concern negotiations. So, you might want to check it out anyway. For those of you who already lease commercial property or are thinking about leasing commercial property I hope these tips help.

This is one area that I did not do a very good job at when I started my first brick and mortar retail store. I really didn’t know how much I could negotiate and I was not very patient during the process. I was amped up to start my business and wanted to get started as soon as possible so I failed to negotiate my terms very well. However, because of that experience I have since learned to better negotiate lease terms upon obtaining a new lease and when renewing my lease.

Now, keep in mind as you are reading this article that a lot of your negotiating power depends on how hot the rental market is or how high the demand is for a particular location. The more demand for a location the less negotiating power you are going to have.

Location

First, I want to talk about the location of your business. The location of your business is definitely crucial to how successful you can be (Location will be discussed in another article in detail). However, you do not want to lease an amazing location that you are not going to be able to afford. It’s not a good idea to think that just because you are in an amazing location that you will be able to afford that huge $10,000 or whatever a month lease payment. Even if you are in a great location it still takes time to build up your customer base and generate any substantial cash flow.

So, as a starting point for negotiating a lease I suggest, especially if this is your only store to open and you are just getting started, to find a location with the following criteria

  • A lease payment that you think you will be able to afford per month based on your projected sales even before negotiations begin.
  • A location that is visible and easily accessible
  • A location that has an “anchor” store nearby and plenty of complementary businesses

Those are just a few criteria to get you started. As mentioned before location will be discussed in depth in another article. Now, let’s get to actually negotiating your lease.

You can negotiate just about any area of your lease but from my experience I have been most successful and I think most beneficial from negotiating the following areas:

  • Length of the Lease
  • Rent and Rent Increases
  • Common Area Maintenance Fees or CAMS
  • Tenant Improvements

Christmas 2012 Present Buying Guide Full of Great Gift Ideas

It’s that time of year. The time when you have to rack your brain for present ideas… Some come easy, such as the nephew who plays soccer or the daughter who is a dancer. However what about for those Hard to Buy for people? What do you get those people who you just can’t seem to think of anything for?

Well in this Guide I’m going to address both the best Presents for this Christmas, as well as the best presents for the “hard to buy for” People in your life. So let’s get into it!

Top Selling Presents this year:

1. Apple Accessories:
It is really no surprise to anyone that Apple is still the hottest thing around. With 1 in 2 households owning something apple, there really is no shortage of gift idea’s here. Be it a new phone case, A IPod Dock, or a I pad keyboard. Apple is a great place to start your shopping

2. Sporting Memorabilia
Now this depends on the persons tastes, But 85% of Australian’s follow some form of sport. So grab them a Scarf or bumper sticker for a fail proof gift.

3. For Boys and Men: Video Games
This year has been packed with great game releases. If the Boy or man you’re looking to buy for loves kicking back with the Xbox for a little R&R then check out the new Halo 4, Assassins Creed 3, FIFA 13 and Ridge Racer Unbounded

4. For the Lady in your Life: A New Jewellery Box
Did you get her earrings last year, and a necklace the year before that? Well its now time to get her somewhere special to keep them all. All women Love a new jewellery Box. Get one with a classy design, and several compartments. And don’t forget; if you want extra points put a small something special inside for her.

5. For your Son
The Little man in your life will love many things such as the batman DVD collection: The Dark Knight Trilogy Box Set or a new set of glasses.

6. For your Daughter
We all know that young ladies can be difficult. However you can’t go passed the traditional “Girly” Accessories. A New handbag, Pair of sunglasses, or a Gift voucher for Myers and you can take her on her very own Shopping Spree!

7. For your Parents: A Kindle
The world is a changing, Yet the simply joys in life such as reading remain the same. Grab your parents a Kindle from Amazon, and pre-load it with several of their favourite books!

Now for those “But I have no idea what to get them” People.

The majority of the population will set themselves New-Year’s resolutions on December 31St, So why not get them something that will help them achieve them.

1. A Set of New Body Fat Scales
Over half the country will set the goal to lose weight in 2013, so give them a helping hand with a new set of Body Fat Scales

2. A Gym Starter Pack
For those who don’t want to lose weight, a large amount will aim to “Get in shape” in 2013. We know its much the same thing, However a gym Starter pack will set them on the right track. Include items such as a Gym Towel, Pedometer, Tape measure and Callipers so they can track their results. Oh and don’t forget a water bottle!

3. A Kitchen Scale
Cooking is an essential part of life. Everyone does it, even if they don’t admit it. So grab your mother, your sister or that friend from work a new Kitchen scale and give them the gift of better tasting cooking in 2013.

Well there you have it. A fully comprehensive Christmas Buying Guide. I hope that it helps take the pressure off this Christmas season!

If you found this guide useful please click “Yes” below, so more people can find this guide this year!

Yours in Health and Well-Being

Joel

How to Design and Print Two Pocket Presentation Folders For Less

Small Business needs presentation folders to promote their business and to give better presentation to their customers. Usually Design firms charge arms and legs for designing and printing of presentation folders. Here are few tips to cope with this situation and Design and Print Presentation folders for cheap.

  • Install latest version of Adobe PhotoShop on your computer.
  • Get Free template from any of the website offering Presentation folders.
  • Open that template in Adobe PhotoShop
  • There will be two panels in the presentation folder template. On the right hand side, there will be Front panel and on the left hand side there will be left panel.
  • On the front panel, drop your logo centered on the front panel
  • On top of logo put your company name in Arial 20 font and bold
  • At the bottom of front panel put your company address at the bottom in Arial 10 font and center
  • Try changing the colors of text those will match your logo
  • At the backside of your folder panel, put company logo in smaller version
  • At the bottom of back side panel, put your company address in small font
  • There will be two pockets as well in the template you will be provided, you may put your company logo on one of the pocket to make it look attractive
  • Save your file in layered format and send to any printer with cheap prices.

Above are few of the designing tips you will need to design your initial folder layout and send to design firm or a printing company. To find a good designing and printing company is the most important task you have to perform. Once you have a good company those produced quality cheap pocket folders, then it will be very easy to orders again.