Send Me Your Location: Retail Spaces

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Commercial real estate varies from residential. The type and size of a business is a factor when looking into a potential commercial space. A small enterprise with limited inventory could settle in kiosks. Meanwhile, other firms may require spots in shopping malls or a free-standing structure.

There’s no need to rush when deciding on retail space. It’s much better to build a solid conclusion than a half-hearted decision. Below are pointers that can help one decide which is the best retail space for the business.

1. The space covers the business’s wants and needs.

Setting up a restaurant requires a huge floor area as it has a kitchen and a place for diners. A clothing store or fashion house at Solaris One may expect less than a restaurant. Meanwhile, a repair shop can do well with specific square footage especially when it doesn’t make stock items for sale. The size of the retail space will impact its price. It’s essential to note these details, especially when considering a budget.

Other than sticking to a budget, the potential of the business to expand is s factor to consider. The brand may attract customers that will boost sales and require an additional stock of merchandise, seating or service. The space must be enough to cover current needs, but it must also be flexible to allow expansion.

Lastly, the space must share the brand’s story. It must be customizable and ready for changes and renovations for owners and companies to convey their message to customers.

2. Customers and talents are within the area.

Knowing the brand’s target market provides an idea of the geographical location of potential buyers. If the space is in a place accessible to the target market, it gives them the convenience to avail the product or service. At the same time, consider the climate of the business community in the area. A community of supportive and growth-based entrepreneurs helps micro and small businesses thrive. Meanwhile, a competitive landscape is unhealthy for growing companies.

Future employees and staff must also be in mind when scouting for retail spaces. The ease of travel improves productivity at work. A workplace far from home results to tired and haggard talents. Their fresh energy gets worn out during the commute. When the retail space is near the skilled workers, the business gets the best out of its human capital.

3. The price of the property fits the budget.

Going for a retail space that is over the budget is overspending. It cancels the purpose of setting up a business – generate income to earn a profit. An area beyond financial limit causes troubles later on. Still, the space must be a high-quality retail space that suits the brand and enterprise.

4. Public transport and infrastructure are available.

The main concern when considering clients and staff is their convenience of travel. It’s a plus when the retail space is near different modes of transportation and government institutions vital to your operations. Moreover, it is also an advantage when Internet and telecommunication providers cover the business location. Since most transactions are online, the Internet connection will benefit operations by having a more extensive customer reach and streamlining business process.

5. There is space allocated for parking.

Most business owners forget to consider the need for parking spaces. Ample parking space is valuable for clients and people who are part of the company to prefer to reach the area through their vehicles. How hard is it for them to suitable parking space especially in a busy area such as a central business district. These people may choose a competitor with similar products or service because of the lack of space. Be it in front, back or beside the retail space, and the parking space must be accessible to clients.

6. The space must not have strings attached to it.

The full cost of the space comprises the rent, utilities, construction costs, moving expenses, and a list of other expenses that may not be obvious in the beginning. There may be costs associated with the move such as the restoration or remodeling of the space.

7. The lease terms and rental rates must be secure.

To get the best out of a lease contract, it must be subject to renewal. Any increase in rental rates must be subject to review by the landlord and the lessee. Furthermore, survey the rental price if it is the gross or net. Most figures are net. It only shows the base or the payable amount.

8. Furniture, fixture, and equipment is a must for business.

Their retail space must include furniture, fixture, and equipment since they produce products and offer services. Stocking these items in a corner contributes to an unpleasant environment. The retail space must be roomy for the bulky items. That is a property where rooms are not scarce is a keeper.

Retail Spaces Need the Time and Place to Come Through

The needs of the business entity as well as its customers and staff make up the factors to use as a guide when choosing a retail space. Besides these factors, the basics of deciding on real estate decisions such as lease terms, property price, additional expenses, as well as proximity to modes of transportation and infrastructure, affect the attractiveness of the space.

Note: This article was first published on May 5, 2016, as “Where Should You Locate Your Business?” It was revised and updated for accuracy and comprehensiveness.

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Home-based: How Not To Give in to Distractions

Yes! I am going to work at home! That is one of the common thoughts we have in our minds when we hear the word, home-based. Who wouldn’t want to work in the comforts of your own condo while basking at the sight of cityscapes and skylines, right? Well, that’s one of the perks of owning a condo Philippines.

For some, working at home is definitely good news. They can do whatever they want and/or wear whatever outfit they feel like wearing while they work. However, for some others, working at home is the least they want to do. Well, there are hundreds to thousands of reasons why some employees don’t want to work at home. And you can be one of them too!

Well, if you are one of those people who is struggling when it comes to working at home, then there are straightforward and easy steps for you to apply to attain the desired working environment for you.

Find your groove

Each of us has a different way and/or routines before we can start working. Some of us like to work on a table where there are no things that can be seen, or maybe you need to sit on your favorite chair for you to think properly or a blanket on your lap, lights on and blinds shut. Or even you need to see the sun for you to start working.

All of us are different when it comes to working routines. That is why we need to find our groove on which is the most comfortable way of working. With that, you can now ready for work.

Dress up

Dressing up doesn’t mean that you are going to wear your corporate attire even if you are working at home. A casual get up will do, for as long as you are not wearing you’ve worn out clothes and/or pajamas. The tendency if you wear these outfits that are intended only for home wear is that you won’t feel like working at all. These comfortable clothes may lead you to an intense desire to feel relaxed rather than working. However, if you are dressed up, you are more likely to work, like working in an office environment.

Remove distractions

There are just times that we can’t avoid distractions. Cell phones, kids, roommates, pets, foods, television, and/or even parents – all of these distractions can interrupt our work anytime. However, we can control them. As much as possible, you have to get them out of your way. You can tell your parents, roommates and/or the kids that you are working and they should make their voice lower – no shouting and all.

However, if you really can’t avoid them, you can go somewhere where you won’t be distracted by your surroundings. And if you have your cell phones, you can turn it off, or turn it into a silent mode. Well, you have to make sure that you can set aside a separate time to check your phone and email so that you are not going to be distracted during your most productive time.

Set specific work hours

Scheduling your time is one of the many ways you can quickly finish your job since you have a goal in mind to finish it on time. If you have a lot of tasks to do, then you have to make sure that you divide your time efficiently for you to know what kind of work should you do at that particular time.

Log out of social media

If Facebook, Twitter, Instagram are not a part of your work, then you better log it all out. It will only make you work slower than the usual pace, and you will definitely not finish the tasks that you need to be done.

Although sometimes, we feel the urge to open up our social media accounts, however, you have to fight that urge until you’re done with the work that you have. Do you know that when you have that kind of urgency, that means you are not focusing on your job? Your mind is set on opening your account and not with the work that you should do.

There will always be pros and cons when we work at home – and we all definitely know that! Distractions are there willing to attack us any time of the day while we are working. And admit it! We hate it! Of course, who would enjoy it when you are interrupted by the things that you are doing, and it is annoying to think that we cannot finish the particular task that we are working on.

Moreover, it will always depend on how you handle the situation. If you are tempted to do things that can stop you from working, whether you like it or not, then it is still on your call.

Effective Ways on How to Prevent Garden Pests

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One of the most annoying things to have in our garden is having a lot of pests. Especially when we are living in a real estate Cebu where there are neighbors who are watching and observing the kind of surroundings that we have, it is our duty and responsibility to get rid of the pest to have a good and healthy growth of our plants.

Whether we like it or not, pests are always there, especially when we don’t really take good care of our garden. And it is a major concern for beginners and experts when it comes to gardening. In most cases, however, there are easy to control if you stick to the following principles of Integrated Pest Management (IPM).

Well, if you are one of those gardeners who really have a hard time in dealing the pests that you have in your garden, then here are some tips for you to make sure that everything that you have in your garden is in control. Of course, you also have to make sure that you are you doing the right thing to achieve the desired outcome.

Acceptable pest levels

One of the principles of the Integrated Pest Management (IPM) is that you only have to take action if the pests that you have in your garden have gotten so bad that they cross a threshold since removing too many pests might allow populations to develop resistance. For some and average gardeners, it won’t hurt you and your garden if there are a few damage leaves caused by the pests.

Preventative cultural practices and monitoring

One of the many things that can prevent pests from multiplying in your garden is to know the right thing to do. And knowing the preventative cultural practices and constant monitoring on your garden is also a must for you to know what are the causes of the problems that have arisen. Also, you also have to know that too much or too little sun, moisture, or fertilizer can weaken the plant enough that it actually attracts pests since most of the pests are attracted to the yellow color of a dying plant’s leaves.

Mechanical controls

If you are a gardener and you want to have an organic solution when it comes to removing pests, then one of the best ways you can do is to remove the pests from your hand. Well, it is also one of the most effective solutions in getting rid of the pest in your garden. That of course, unless the infestation of the pests is out of the control, then you can remove it by hand. Moreover, if you pick off caterpillars by hand and drop them in a bucket of soapy water; they will die that way quickly. And you don’t have to worry about having it again.

Biological controls

Although biological controls are to be avoided if at all possible when it comes to getting rid of the pests in your garden, it is way better than a synthetic one. Well, if you really think that you have the need to make use of it, you have to make sure that you are reading the instructions and/or directions thoroughly and treat this substance with the same caution with which you would regard chemical pesticides. Of course, they are harmful to you to make contact. That is why; you have to be careful when you use it.

Responsible use of synthetic pesticides

If you have read the IPM guidelines, one of the concerns when it comes to getting rid of the pests in your garden is to make sure that using of chemicals are the last resort that you have to use. One of the common pesticides that represent the typical limitations of synthetic in the garden is the Orthene. It will kill a very wide variety of pests, but also a toxic substance to beneficial insects and birds. Again, you have to make sure to read the directions on how to use the pesticides thoroughly for you to have the desired outcome.