<body><script type="text/javascript"> function setAttributeOnload(object, attribute, val) { if(window.addEventListener) { window.addEventListener('load', function(){ object[attribute] = val; }, false); } else { window.attachEvent('onload', function(){ object[attribute] = val; }); } } </script> <div id="navbar-iframe-container"></div> <script type="text/javascript" src="https://apis.google.com/js/platform.js"></script> <script type="text/javascript"> gapi.load("gapi.iframes:gapi.iframes.style.bubble", function() { if (gapi.iframes && gapi.iframes.getContext) { gapi.iframes.getContext().openChild({ url: 'https://www.blogger.com/navbar.g?targetBlogID\x3d32066143\x26blogName\x3dPinoy+Raket+-+Business+Ideas,+Tips,+R...\x26publishMode\x3dPUBLISH_MODE_BLOGSPOT\x26navbarType\x3dSILVER\x26layoutType\x3dCLASSIC\x26searchRoot\x3dhttps://pinoyraket.blogspot.com/search\x26blogLocale\x3den_US\x26v\x3d2\x26homepageUrl\x3dhttp://pinoyraket.blogspot.com/?m%3D0\x26vt\x3d1946273571765849301', where: document.getElementById("navbar-iframe-container"), id: "navbar-iframe", messageHandlersFilter: gapi.iframes.CROSS_ORIGIN_IFRAMES_FILTER, messageHandlers: { 'blogger-ping': function() {} } }); } }); </script>
Pinoy Raket - Business Tips, Resources and Ideas for the Filipino


Add to Google

 
ABOUT THIS SITE

Welcome to Pinoy Raket! Learn the latest tips and tricks, the ins and outs and the resources every Filipino entrepreneur needs. Compiled and published from different websites. Tara! Raket Tayo mga Kabayan!

SEARCH THIS SITE
Looking for a specific article or entry within Pinoy Raket? Use the search facility below.


RECENT TOPICS
 » Register a Business Name at DTI
 » How do you find the right business to put up?
 » Welcome to Pinoy Raket

Your Ad Here
POPULAR ENTRIES
Entrepreneurial Essentials
 » How do you find the right business to put up?
 » Register a Business Name at DTI
 » Rent or Buy Your Space?
 » Find Products To Sell Online
 » Top 10 Home Business Opportunities
 » How To Start a Home Based Business
 » Franchising vs. Start-ups
 » What Makes and Entrepreneur
 » Globe Visibility Promos
Small and Medium Business
 » How To Make Scented Candles
 » How to Make Herbal Soaps
 » Virgin Coconut Oil
 » How to Start a Clothing Store
 » Herbal Medicines Part 1
 » How To Make Homemade Gifts: Personalized T-Shirts
 » How to Make a Simple Christmas Parol
 » LPG Powered Cars and Taxi Cabs
 » Coco Nectar Vinegar
 » Christmas Decorations
 » No-Bake Cakes
 » Making Dipped Candles
 » How to Make Activated Charcoal
 » Soap Making Part 1 - Easy Soaps
 » Decorative / Novelty Wax Making
 » Laundry Business and Franchise
 » Cell.Biz - Cellphone Repair Training
 » SMART Bro Computer Station Promo
Agri-Aqua Business
 » Duck Raising, Breeding, Etc.
 » All About Century Eggs
 » Goat Raising
 » Raising Hito / Catfish
 » Mango Farming and Tips
 » Banana Farming and Products
 » Tilapia Farming and Tips
 » Rabbit Raising
 » Coffee Production
 » Jackfruit Farming and Products
 » Orchid Production Guide
 » Balut Making
 » Salted Red Egg Making
 » Calamansi Farming and Products

Food Business
 » Home-Made Tomato Ketchup (Catsup)
 » Home-Made Ice Cream
 » Kropeck From Shrimp Heads
 » Siopao Business Tips and Recipes
 » Chicharon Recipe and Franchise
 » All About Century Eggs
 » Fruitcake Recipes
 » Halloween Treats Recipes
 » Preserving Sardines in Can
 » How to Make Sausage Casings
 » Pizza Business and Recipes
 » Mango Recipes
 » Banana Farming and Products
 » Peanut Delights and Snacks
 » Tocino Making
 » Jackfruit Farming and Products
 » Starbucks Copycat Drinks and Pastries
 » Puto Bumbong and Bibingka
 » How to Make Boneless Ham
Business Franchise
 » PLDT Everything Online Franchise
 » Jollibee Fastfood Franchise
 » Ink Refilling Business
 » Food Cart Business Franchises for P15,000 up
 » Laundry Business and Franchise
 » 7-11 Store Franchise
 » Waterless Carwash Center
Multi-Level Marketing
 » Beware of Pyramid and Ponzi Schemes
Funding Options
 » Loans for the Poor
 » Top 7 Reasons Why Invest In Forex
 » MicroLending Money and Small Financing
 » PayPal Service For Pinoys
 » Halloween business is booming
 » Getting A Bank Loan Checklist
 » How to Raise Money to Start a Business
 » The Six-Step Process to Raising Capital
ARCHIVES
 » August 2006
 » September 2006
 » October 2006
 » November 2006
BLOG LINKS
 » karmi
 » edge
 » siopao master
 » Hepatitis Resource Center
 » noli
AFFILIATE SITES
 » Blogarista Site Directory
 » Pinoy Blogarista
 » Pinoy ShowBUZZ
 » Pinoy Kusina
 » Pinoy Song Hits
 » Pinoy Travel
 » Pinoy Care
 » Pinoy Transcriptionists
 » Acne Tips and Advices
 » Make Money Online
 » For UK drivers with convictions or bans get a quote from Reduce My Quote
SUBSCRIBE
Enter your email address to receive updates via Email:

 
SPONSORS
 
 
Chips & Bits
 
Western Union
 
Text Link Ads
 
 
Toys R Us
 
Shop for Vitamins & Minerals at GNC.com
 
Voltexx, Inc.
 
 
Auto Internet Marketing, Inc.
 
.Mac (Apple Computer, Inc.)
 
8x8, Inc.
 
Build a Professional Looking Website with Homestead.com.
 
 
 
 
pinoy

top blogs



Business Blogs - Blog Top Sites

 
 

Text Link Ads

Monday, September 11, 2006
Rent or Buy Your Space?


To rent or to own? That is the question. Off the bat, renting the best location puts one over owning the second best site because the right location often spells the difference between boom and bust. Renting also has its benefits, especially for starting entrepreneurs. Buying a business location from the start also entails heavy capital outlay and high costs of construction and repair. In contrast, renting has the benefit of having a landlord take care of all repairs.

Take the case of Suzanne Escudero. At the start of the millennium, she was wringing her hands over having to decide where to put up her Figaro franchise outlet. Armed with a shopping list given by real estate brokers, she combed old and new buildings in the cities of Makati, Pasig, and Quezon in search of the perfect location for her coffee shop. She eventually settled on new building on Sgt. Esguerra St.,more popularly known as Bohol Avenue.

Escudero, whose lease contract has been in effect for more than five years, explains her choice: "It's near my house so I can easily monitor the staff and the business," she says. "Best of all, it's very near the top two television networks in the Philippines. Media people work long and unpredictable hours and they are always in search of a good cup of coffee."
But Escudero wanted to buy her own place. "I felt it would give me a sense of security. But starting my own business made a huge dent in my savings that I did not really have any choice but to rent," she explains.

She even thought of taking out a bank loan, but eventually she and husband decided against it. "We felt we already had too much exposure on the store. We decided to wait until we had enough money to buy our own property."

Ces Yuzon, another start-up entrepreneur, agrees with Escudero's decision. "It's more practical for starting entrepreneurs to rent, rather than own, their place of business. Unless of course they are lucky enough to own one in the right place." This director of a newly formed company that imports and distributes a food supplement says before you buy real property, the business should be up and running, and earning.

Unlike Escudero, who operated a service-oriented establishment, Yuzon's choice of business site did not require an area with high foot traffic because it would only be used purely as an office and storage facility. But like Escudero, the Yuzons searched for a suitable office space in various parts of the metropolis. They finally decided to open an office in San Juan "because we realized that it was the most business-friendly place in Metro Manila."

It was a good thing the Yuzons were able to process and secure a business permit sooner that five- and 10-day waiting time in other cities because they needed to establish an office-warehouse immediately to accommodate the arrival of their imported product, Fibre Health. "Any delay would have cost us money, that's why we were pressured into opening our office as soon as possible," she says.

In San Juan, she was able to register her company, Subang Daku, three days after filing her business permit application.

Another thing going for the Yuzons was the reasonable real estate prices in San Juan, which were a lot cheaper than the P650 per square meter lease rate for office spaces in Makati.

Yuzon explains their decision to rent: "It just makes more sense to rent first rather than buy your business site. You have to plan and select the right location with an eye toward making it a part of your investment." But the plan is forward-looking. In their case, they intend to buy their office space probably in five to seven years. "Not only would it be a good investment, it can also be used to reduce the company's tax liability," she adds.

Owning your business site must be part of the goal. "Personally, I consider owning my business location as a measure of psychological success. It's like announcing to the whole world that our company has arrived."

SOURCE: Entrepreneur Philippines
Your place or mine?
Owning your place of business is ideal, but if you're just starting, it's wise to rent your location first until you have the money to buy the property.
By Lumen P. Balboa

http://entrepreneur.com.ph/lead/your_place.html


Tags:

delicious/  Simpy  kinja  Technorati  Yahoo My Web

Posted on 2:34 PM | 0 Comments | Email Story To Friends | Subscribe Via Email


 Search the Internet for Rent or Buy Your Space?
Google

0 Comments:

Post a Comment

BACK TO HOMEPAGE



Text Link Ads




Text Link Ads

Pinoy Raket is part of the Pinoy Blogarista Network

Contents and articles contained within this website are owned by their respective authors. These were collected to provide Filipinos the resources they need in starting their own business without the pain of searching the vast space of the World Wide Web. Credits and source link are indicated at the end of every article if it has been taken from another site,