Showing posts from October, 2023

Navigating the End of Your Commercial Lease

Click Here To Watch The Video  For business owners, the prospect of an expiring commercial lease can be a double-edged sword. On one hand, it marks the end of a chapter and the potential for new opportunities. On the other, it raises crucial questions: Should you renew, renegotiate, relocate, or even consider buying a building? Let's review.  Option 1: Renewing Your Lease Renewing your lease is a straightforward choice, and in many cases, it's the most practical. If your current space suits your needs, has a favorable location, and has served your business well, renewal can be a convenient option. It offers stability, continuity, and, often, a chance to secure a reasonable rental rate. However, it's crucial to assess whether the renewal terms align with your future needs and budget. Key questions to ask: 1. Does the space still meet your business requirements? 2. Is the rental rate competitive? 3. Are there any clauses or terms that need adjustment or negotiation? Option 2:

Pressure Is a Privilege

  Click Here to Watch The Video Blog I'm part of a mastermind group, and during our recent session, our instructor discussed the concept of pressure. In the world of business, we often find ourselves grappling with varying degrees of pressure, and at times, it can be quite intense. In my line of work, where I connect buyers and sellers with differing perspectives on value and time, it can get pretty pressure-packed.   However, what resonated with me this week in the mastermind session was the idea that pressure is a privilege. It made me realize that when we don't experience pressure in our lives, it indicates that we might not be actively engaged in meaningful endeavors.  So, if you're out there making things happen, pushing forward, and striving for improvement each day, you're bound to encounter pressure – and you should consider it a privilege.   This week, I repeated this mantra several times: "Pressure is a privilege." It served as a reminder t