Small business answers — NOW!

Acquiring additional space

Question
Is there a rule of thumb for how much space to lease for my growing business? 
Answer
Because everyone's business model and growth plans are different, no one rule applies. Various issues come into play with respect to whether you're purchasing or leasing (like future expansion opportunities, for example).

But as a rule-of-thumb, it's often best not to acquire more than 10% to 15% more than you need when you move in. 
 
© 2007, Small Business Network, Inc., All Rights Reserved.
Subject to the Terms of Use of AskJim.biz
Print this page   Bookmark this page   E-mail this page to a friend   Go back to previous page
AskJim ID: 1057