Understand your business needs, be prepared and inform yourself about the market, and build a dedicated team for the task.
Author: Diana Sabau
Good timing and efficient planning are essential, as you want to avoid entering a holdout period at your current commercial lease, due to build-out delays at your future location.
Whether your leading incentive is to prioritize capital, branding and location, or making the most of your first-round seed money for the long term, negotiating to your business needs is key.
It's not good business to overspend for no good reason, but going for the cheapest possible rent may in fact increase your expenses in the long run. Here are a few key strategies to employ…