What are the facilities you would incorporate into a house if you are building one right now?
Answers
Answer:
Small business owners should carefully consider their business facility needs so that they can select the right site and location for their business.
One of the major decisions that a small business owner must make is choosing a facility from which they can run their business. If you're not running your business from home (or must move your operations out of your home) you likely have some big decisions to make.
If you are just starting out in business, and you're selecting your first business facility, spend some time to consider what you need from your facility. This process will require a lot of cold, hard planning, as well as some measure of dreaming. (If you didn't have at least a little bit of the dreamer in you, you probably wouldn't be an entrepreneur!)
If you have been in business for some time (possibly working out of your home) and are now considering moving to a new facility, you may have a good idea about what you need. In this case, you may be ready to decide how to choose the right facility.
Finally, maybe you have a clear picture of your facility needs and have identified one or more potential sites for your business. The next question is often the toughest one: should you rent or buy? Because important, and complex, tax and cash management issues are tied up in this rent or buy question, many small business owners rely heavily on the advice of their accountant or attorney when making this decision. You may also wish to do so. But even if you do, you should be aware that the decision on the rent or buy question will, down the road, influence other business decisions that go beyond tax and cash management issues.