February 2018

Benefits Of Renting Instead Of Buying A Space


You’re a fashion designer and started small. You made your first batch of clothes and took your orders and made wedding dresses from your spare room. And after years of working hard, you have finally built an established business and a very loyal following. But you now feel like you need to relocate your office and have been researching and thinking of purchasing a grade A office in a finer location. You want the office to have large floor to ceiling windows, let in ample amounts of bright natural light. You need the space to be quite spacious and have at least four different rooms inside the office itself including the bathroom. You also want a place that needs little to no repair and can be quickly moved in to but after hearing some horror stories from friends that live in the area of how they were tricked into paying much more than their space was worth but ended up having to spend another fortune to try and fix and repair the place you’re afraid. You still need a place in this area because not only is it closer to your home, it is also closer to all of the stores and banks you need to visit often. So what can you do? You can consider renting a place! Read below to see why you should consider renting instead of buying. 

It is more flexible 

This is because if you need to downsize your business or move to an even larger place, you can easily do so when your office lease admiralty is up and do not have to worry about selling this space. 

Not many responsibilities 

If you purchase your own office, you will be committing to that space. Any repairs or damages that happen or that is already there and needs to be taken of, you will have to spend your own money to fix. But if you decide to lease office admiralty, that is not the case. When you’re leasing it, you can negotiate with the owner and create an agreement so that they will take care of any repairs and maintenance and you will not have to worry about sudden expenses. For example, if two of the larger lighting fixtures stopped working, you can hire an electrician, have it fixed or replaced and then handover the bills to the owner of the building so that they make take care of the payment. And this is fair for the both of you because the owner is paying to repair their own space. It would be a waste of your money if you had to repair it and then pay the electrician yourself because it isn’t your space and you will be moving out when your lease is up. You can view more here

There are several reasons as to why renting a space is better than purchasing it. So if you are undecisive but still need to move quickly, you can try renting an office space. 

Gathering The Necessary Data For Your Business


In the modern world, data means everything. When a person has access to enough data, it will be possible for that person to utilize the data at hand in effective ways. When a business entity is taken into consideration, data can be used in numerous ways for the business to ensure that it is headed in the right path. With effective utilization of data, it will be possible for a business to see the opportunities that are there, the ways to overcome the competition and effective ways of doing marketing. 


Therefore, if you are a decision-maker of a business entity, it will be necessary for you to pay attention towards gathering all the necessary data for your business to move forward in a swift manner. But how can this data be gathered? Given below are some effective ways for you to gather data. 

Social media 

Everyone would agree that social media has integrated itself into becoming a part of the modern society. When you go through a social media account of a person, you will be able to find so much about that person, including details of what they prefer, places they have been to and their ideas about certain matters. When the collective and the informative aspect of this is taken into account, one would be able to determine that social insights obtained from social media is the most valuable outlet of data for a business. 

When a business manages to monitor social media trends and analyse the necessary data, it will be possible for the business to direct itself in the best possible direction. However, it will be crucial for the business to filter the right amount of data through it. There are certain software solutions that will be useful to you in this matter. Finding the right business intelligence solution and usage of the available technology in the best possible manner will bring in all the data you need for the business to function in an ideal way. 


While it might not be as useful as the utilization of social media insights, you could still go for the classic survey solutions. It does not necessarily have to be with pen and paper because you will be able to use internet in creating online surveys. The information that you gather through such surveys could prove to be quite useful to you. 

Statistics within the business 

When you record the transactions of the business, and the other statistics such as customer retention with time, you will be creating pools of data relevant to your business. Since this data happens to come from yourself, you will never have to worry about the authenticity of the data.