Facility planning

Due to technology and contemporary business practices, growth in the 21st century requires less space per dollar of revenue increase than it did in the last century. This is good news for your profit, if you plan properly.

As you're planning your facility acquisition, keep in mind how you will deploy your staff and infrastructure. With the advent of teleworking and increased use of vendor outsourcing for non-core competencies, all work doesn't have to be conducted, and all infrastructure doesn't have to reside, under your roof.

Before you're tempted to over-lease, remember that every cubic foot of building space carries the expense of utilities, insurance, maintenance, etc., while unused space tends to house junk. Optimize your space to minimize costs.