Is Your Office Lease Holding Back Your Growth?

I see one expense above all holding up deals and eating away profitability.

When I call it out, the response is every business needs a great location to meet with customers and staff.

But when your rent expense is unnecessary it eats away at your bottom line, taking money from your pocket.

Not every business needs a physical location and there are low-cost options when you do.

I’ve seen businesses paying $5,000/mo for an office they never use… that’s $60k that could have been invested in growth or put in the owner’s pocket.

The above is a real example and the rent was paid for 5 years… $300,000 gone.

Others spend tens of thousands of dollars renting a large space and building a fancy showroom only to have all their salesmen meet at client sites with samples. The showroom sits empty.

Deals falter as sellers are stuck in these expensive leases that buyers do not want to assume.

A fancy office isn’t a status symbol, it’s a liability. Before signing that lease, make sure the return on your investment is real, not for a feel good factor.

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