I've had the opportunity to meet a number of very successful business people over the years. And some of them have also been very wealthy! 😜
But seriously ... one thing that I find so very interesting is that after having achieved their personal and business success, the many diverse ways they choose to live their daily lives.
Some people are very overt and public with the display of the financial success they've achieved. And I'm sure you can visualize what that might look like. On the other hand, some choose to maintain a lower profile, minimizing public announcements of their achievements and indications related to their enviable financial status.
To offer my own "two cents" on this, I think it really comes down to a personal choice. And on that note:
The choices you make are totally up to you.
The impression you leave will be totally up to others!
Sir Richard Branson is quoted as saying: “For
a successful entrepreneur it can mean extreme wealth. But with extreme wealth come
extreme responsibility. And the responsibility for me is to invest in creating
new businesses, create jobs, employ people, and to put money aside to tackle
issues where we can make a difference.”
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Negotiating Commercial Leases &
Renewals FOR DUMMIES
Commercial
Leasing Tips for Commercial Tenants
By:
Jeff Grandfield – The Lease Coach
For many
business-owners, negotiating a good lease or lease renewal against an
experienced agent or landlord can be a challenge. While an entrepreneur focuses
on marketing and managing, savvy real estate agents and brokers are specialized
sales people. Their job is to sell tenants on leasing their location at the highest
possible rental rate.
As explained
in our new book, Negotiating Commercial
Leases & Renewals FOR DUMMIES (co-written with my colleague, Dale
Willerton), tenants may go through the leasing process only two or three times
in their entire lifetime – yet they have to negotiate against seasoned
professionals who negotiate leases every day for a living. Negotiating
appropriate leasing terms is vital for an entrepreneur as the amount of rent he
pays will directly affect the business’ financial bottom line.
Whether you are
leasing a new location for the first time or negotiating a lease renewal for
your business, these are some money-saving tips for tenants:
Keep
Success Quiet: One of the main reasons that a
tenant will be forced into a rental rate increase for a renewal term is the
landlord’s belief that the tenant can afford to pay it. Therefore, the better
your company is doing, the quieter you must be about your success. To this end,
it is important to stifle your staff as they are often the ones who tip off the
property manager. While a landlord won’t usually accept any blame for poor
business performance, he will take credit (and rental increases) when times are
good.
Reduce
Your Rent Now! With
the exception of shopping centre tenants who report their sales, most landlords
do not always know if businesses are prospering or failing. Just because you
are doing okay is no reason not to try for mid-term rent reduction right now!
If the landlord has already granted rent relief for other tenants in the
property then your focus should not be can I get a reduction … but how much and
will it be a rent abatement, short term rent relief, or simply a rent deferral?
For a copy of our
free CD, Leasing Do’s & Don’ts for
Commercial Tenants, please e-mail your request to
JeffGrandfield@TheLeaseCoach.com.
Jeff
Grandfield and Dale Willerton - The Lease Coach are Commercial Lease
Consultants who work exclusively for tenants. Jeff and Dale are professional
speakers and co-authors of Negotiating Commercial Leases & Renewals FOR
DUMMIES (Wiley, 2013). Got a leasing question? Need help with your new lease or
renewal? Call 1-800-738-9202, e-mail DaleWillerton@TheLeaseCoach.com or
JeffGrandfield@TheLeaseCoach.com or visit www.TheLeaseCoach.com.
What's been your experience?
Feel
free to add your comments and we'd very much appreciate
if
you would share this post with those in your circle of contacts.
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For
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