Augusta
VIP Contributor
When starting a business you might be taking some decisions that were not informed decision as you were just going with the flow until reality sets in and your business profitability is threatened.
As a business person with a foresight you would know it is time to review some previously taken decisions which one of it will be to review your rents downward in case it is too high for your business.
So can you review your business rent to help increase your profit
Renegotiate the Rent
You have realised that the rent is quite high for the business. it is time to review the price again with the landlord and find out how much can be reduced from the original rent fr you.
Reconsider the space used
You are running the business now and you know the space that you actually need. Maybe you had rented a very big place initially thinking to use it all up. But if you can manage a smaller space then it will be better to review it and renegotiate payment again with the landlord.
share rent
you can decide to bring in another business and share the rent with the other business owner. This way you would save money which will help to increase profits.
As a business person with a foresight you would know it is time to review some previously taken decisions which one of it will be to review your rents downward in case it is too high for your business.
So can you review your business rent to help increase your profit
Renegotiate the Rent
You have realised that the rent is quite high for the business. it is time to review the price again with the landlord and find out how much can be reduced from the original rent fr you.
Reconsider the space used
You are running the business now and you know the space that you actually need. Maybe you had rented a very big place initially thinking to use it all up. But if you can manage a smaller space then it will be better to review it and renegotiate payment again with the landlord.
share rent
you can decide to bring in another business and share the rent with the other business owner. This way you would save money which will help to increase profits.
