Growth is exciting. More employees, more customers, more inventory, new equipment, a second location, or an entirely new market can all eventually lead a successful business to the same conclusion: we need more space. Before beginning the property search, however, I would encourage an entrepreneur to ask a slightly different question: What does our business…
Owning commercial real estate can be a tremendous investment. It can produce income, build equity, provide tax advantages, appreciate over time, and become an important part of an owner’s long-term wealth. But owning commercial property can also create another job. A tenant has a question. An air conditioner stops working. A contractor needs access. Rent…
Years ago, a friend of mine who worked in the funeral industry introduced me to two terms I never forgot: “pre-need” and “at-need.” His role focused on helping families make decisions in advance rather than waiting until circumstances forced those decisions upon them. His point was simple: when something is likely to happen eventually, planning…