business premise

You have found the location you’ve been searching for ages.

You know that the 3 most important factors for your store are location, location and location.

Here comes the classic question - Should you rent or buy for the location of your store?

Before you answer the question, please consider your vision in opening a store, or starting a business in general.

Are you building a business or an asset?

Your answer to the above question is crucial in determining your vision and focus in opening a store.

Building a business

If you want to build a business, I would like to suggest you to rent the location. This way, you preserve valuable resources and use them to build your business, instead - releasing your business cash flow pressure in the early days of your business.

The main drawback of renting a location is, well, paying for rent. Moreover, the property owner will put a pressure on your rental agreement, especially knowing that your store is successful.

Building an asset

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