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Rent or own a structure for business! which is preferable?
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[QUOTE="Holicent, post: 284907, member: 76163"] I know it can be hard to make that decision. But here are some things to consider: 1. How much money do you have? Do you have enough cash to cover your monthly expenses and invest in your business? 2. What kind of work do you want to do? If you want to do something that requires lots of physical labor or involves handling chemicals or machinery, it's probably better for you to rent because it will save you money on insurance and equipment repair costs. On the other hand, if you want a space where people can come in and sit down and eat their lunch, or hang out with friends and play games, then renting might not be the best option for you. 3. How long do you plan on staying in this space? If you're planning on leaving soon (or at all), then renting might be more cost-effective than owning because it won't require ongoing maintenance costs like upkeep on plumbing or electrical systems as well as repairs on walls that may need painting every year or two (depending on how old they are). [/QUOTE]
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Rent or own a structure for business! which is preferable?
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