If you’re looking to purchase a property or building for your business, most financial institutions require you to have a property survey to qualify for their loans. Some owners who use a cash transaction don’t always get a property survey, but if they did, they could prevent many issues by knowing all the details and history about their property.
Posts about Good for Business
How Economies of Scale Works in Construction
Ray is the owner of a large corporation with his operation spanning over two locations. When he outgrew his initial office, he got a great deal on a warehouse that was easily adaptable to expand his business. Now, after years of hard work and smart decisions, he’s outgrowing both locations and has decided that it will be more efficient for his operation to all be under one roof. But speculating on the costs involved, Ray is wondering if this is the best decision for his company right now? What Ray may not be considering is economies of scale. With his building being bigger, the duration of the project longer, and the fixed fees being the same, he can benefit from the efficiencies that his Design-Builder will experience, which will lower the square footage cost.
Precast Concrete Wall Panel Options for Construction Efficiency
Precast Concrete Wall Panel Options for Construction Efficiency
Construction efficiency is a critical factor that can significantly impact timelines and overall project success. The combination of precast concrete wall panels and structural steel and insulation offers a powerful solution to achieve efficiency when needed in construction projects. Wall panel system construction is gaining popularity due to its labor and time savings to erect a building envelope. Precast concrete walls with conventional steel roof framing are one option to use on a large commercial building. Made of a variety of concrete materials, walls are poured in an indoor, controlled environment to the specs of your building’s needs, as specified by your Architect or Engineer (A/E). Each 10,000+ lb. (approximate) panel and other precast parts are then transported on a large truck bed to your building’s site to be put in place by a crane, assembled by a crew that welds/connects them to structural steel and then caulks the gaps to create an energy efficient, structurally sound, quickly installed building envelope ready for your interior buildout.
SBA 504: Funding Business Growth with Less Capital
This blog is intended for small business owners who are looking to grow their business. Have you had a net worth under $15M and an average net income less than $5M for the past 2 years? Do you own your building or want to own your building? Are you still with me? If so, there’s a less risky way to fund your business growth, and the best part is that it’s meant to keep capital in your business so that you can support economic growth in your community.
You Risk Paying Twice When Sub-Contractors Don’t Pay Their Bills
Liens Can Wreak Havoc on Funding
By Brian Stadler, Wolgast CEO
If you haven’t built a building in the last couple of years, you may be surprised when your banker tells you that they want to hire a Title Company to handle all of your payments to not only the General Contractor, but also directly to the General Contractor’s second tier Sub-Contractors. On top of that, that they expect you, the owner, to guarantee to the Bank and the Title Company that the project will be lien-free during construction.
Preparing Your Business for a New Buyer
Bruce has owned his business for more than 30 years and he’s ready to retire. He is five years under the retirement age and has no interested children to take over this operation. He has poured his blood and sweat into his business for most of his life. Bruce has a few options. He can close the doors, walk away, and lay off his staff of 25, he can sell the business and the building to an interested party and use the money to supplement his retirement savings, or he can find someone who wants to buy the business and then lease the building to him or her, keeping rental income for continual cash flow.
Sharing Your Budget Streamlines the Pre-Construction Phase
Here is one secret of the trade to save significant time during pre-construction, by giving your contractor a ballpark budget before design and/or estimating starts, an owner can take a shortcut in the preliminary phase and get to construction sooner. When the timing matters, how much you’re willing to spend will make the process move along much faster.
Your Business Plan and Your Building
A critical element of your business plan is a realistic budget for anticipated expenses, along with possible revenue streams. One of the biggest expenses of a business to factor into the budget is the building cost.
Five of the Best Reasons for a Commercial Building Renovation
Commercial Renovation to Stay Put
Whether you really like your building the way that it is, your location is part of your long-term plan, or financially speaking a new building is out of the question, these are all good reasons to stay where you are. However, I’d like to share with you a few of the best reasons to consider renovating your current facility.
1) Improve traffic to your business – we have seen it time and again that renovating a commercial space peaks the interest of people in your community. It also provides additional promotional opportunities because having a renovated space to talk about creates a steady and interesting social media topic. Whether you’re a doctor, restaurant, or a school, you consistently want to attract new people to your space, right? Sharing your remodel should help gain and/or keep followers to communicate the benefits of your services.
Your Building Envelope’s Role in Saving You Money
Keeping your building’s protective barrier, or better known as its envelope, intact, leak free, and in good repair is a great way to avoid spending your hard earned profits on energy costs or damages. The envelope entails any part of your building structure that keeps outside elements from coming inside when closed. This includes your roof, EIFS, windows, doors, walls, and even floors which can leak and make your HVAC work harder, or worse let water in to damage your structure and/or office equipment, or cause harmful microbial growth.