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Business strategy
Using a rented or built structure for business_factors.
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[QUOTE="Mikes smithen, post: 302746, member: 90053"] When an individual who intends to establish business he or she will be in need of a structure in other words a building in which he or she can absolutely display business items in the form of goods and services in order to meet the needs and wants of the public. Now, this structure or building can either be a leased structure or building, or possibly a building built by him or her. The ideal situation whether an individual should carry out the business activities in a leased or built business structure, totally depends on so many factors for example it depends on the financial sufficiency and adequacy of the individual in particular, if an individual have sufficient and adequate capital then it would be very much interesting for him or her to build a structure for his or her business activities instead of facing the stress involved in having to pay rent and rate at the end of each month or year for the usage on a particular space for carrying out business activities and practices. On the other hand there is absolutely nothing wrong for an individual to use a leased or rented building or structure to carry out business activities, but the advantage of this option cannot be compared to the other option. Let us now consider what factors, effects on individuals decision to either use a leased (rented) or built structure or building to carry out business activities. COST: One of the most significant factors that may influence a person's decision is the cost of renting versus building a structure. Renting a space may be cheaper in the short term, while building a structure may require a significant upfront investment. CONTROL: Building a structure provides more control over the design and layout of the space, while renting a space may limit these options. FLEXIBILITY: Renting a space may provide more flexibility in terms of location and the ability to move to a different space if necessary. Building a structure may be more limiting in this regard. TIMEFRAME: Renting a space may be a quicker option than building a structure, as building can take months or even years. LONG-TERM NEEDS: If an individual plans to use the space for a long period of time, building a structure may be a more cost-effective option in the long run. MAINTENANCE: Renting a space may come with less maintenance responsibilities than building a structure, which may require ongoing maintenance and repairs. [/QUOTE]
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