The difference between small business success and failure can be a thin line, according to a recent article in Entrepreneur magazine. Business risks can be offset with good planning and access to capital, but small business owners sometimes find themselves reacting instead of planning. In the Entrepreneur article, Ryan Serhant, star of Million Dollar Listing, offered 3 main tips for small business success:
- Remember why you started your business.
- Know who your customer is. Where is your niche? How do you market to these customers?
- Start small, but think big! Be willing to add people to your team as business volume allows. You cannot grow if you do not have sufficient resources in talent, product, equipment and technology. Be willing to invest profits back into your business.
One significant tip we’ll add, is choosing your Boston Metro business location! You might very well start a business from home, or use a co-working space. But as your business grows, you’ll eventually need to accommodate employees, clients and the equipment necessary to conduct daily operations. You may need to consider shipping logistics for products and travel routes for people. Depending on your business type, you may require a public-facing office that adds credibility to your company’s image.
Finding the right location to purchase or lease can be crucial for business survival. Fortunately, you can obtain expert tenant representation to help you with the process! Download our free Tenant Leasing Guide for an introduction to leasing commercial real estate in the Boston Metro. There’s no obligation!
When you are ready to begin, relocate or expand your business, team up with the Jay Nuss Realty Group, LLC! Whether you are thinking of buying or leasing Boston Metro commercial real estate, we can help you find the ideal property.
Contact us today for expert guidance!