Running a successful business means providing customers with a quality product and excellent service. However, there are more things you need to launch a successful company in addition to a good product idea. In many cases, you need to have a building to really succeed. Here are a few reasons why.
You Can’t Run Many Kinds of Businesses out of Your House
If you think you can simply run any size business out of your home, you’re mistaken. There are many laws, rules and regulations that must be adhered to. According to the Small Business Administration, zoning laws can be rather strict in regards to what kind of business a homeowner is allowed to run. There can be serious restrictions on parking, signage and the nuisance posed to neighbors by customers. You’re also likely to run into serious resistance from the local homeowners association. In most cases, it may be best to rent commercial property in an area that actually has the appropriate zoning for the kind of business you want.
It Makes You Presentable to the Public and Business Partners
Most people, whether it be customers, suppliers, or lenders, don’t want to deal with amateurs. If your business appears unprofessional, they may assume dealing with you would be more trouble than it’s worth. If your business pretty much only exists in your garage, you are going to come off as unprofessional to many parties automatically. Having your own building, on the other hand, can give you a sense of credibility. Whether you buy or lease building space from a firm, like Hartman Income REIT, they will see that you can afford to use commercial property and may be more willing to give you a chance.
It Gives You the Space You Need
Not having a building means not having the space to do most of the business related tasks you need to complete. Sure, you may have a home office and a computer that can load spreadsheet software. However, you more than likely do not have the space needed to manufacture products, cook and package foods, or whatever else you need to do to make your business idea reality. Commercial building space will give you enough room to bring customers into your store, create your product, store supplies, train staff, complete office work, take shipments from suppliers and much more.
Overall, there are many great benefits to using commercial building space for your business. Whether you want to lease or buy, give it serious consideration and do the appropriate research. You might be able to find the perfect piece of real estate to really launch your small business into a big success.