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You only have to look around you to realize your world is filled
with businesses that have physical premises. Notwithstanding the appeal
of the "4-hour workweek," it just isn't possible to eat pizza online or
have your hair cut on the web. You can find out where these services are
available by looking on the 'Net, but you actually have to go their if
you want what they offer. What are some premises that entrepreneurs
could use?
One of the challenges that entrepreneurs face when they start a business is where to put it. Few have an unlimited supply of money from which to build, buy or rent the plushest of setts, much as they would like to. So, what are their options?
Here are five creative alternatives.
1. Your garage
This may not seem like an obvious choice; but when you consider that only one in four people use them for their cars in Britain, and less than one in six do so in the U.S., you have to ask yourself for what purpose that space is being used. Most people use them for additional, temporary storage. But when you look down your street, you discover that the only thing that's not permanent is the kind of car your neighbors drive.
2. Someone else's premises
Few businesses use every square foot of their warehouse, office, lab or even factory floor. And when the economy is weak, there tends to be more left over than usual. Instead of trying to obtain these facilities for yourself from scratch, why not ask if you could share some of the unused space in a place that already has everything you need?
3. Farms
Most farms struggle to make ends meet. They also have barns and other outbuildings. To be sure, some of these edifices are little more than a wooden structure with a roof; but others have water and electricity. You have nothing to lose by asking a farmer in your area if there's some secure space that you could rent. No doubt, he or she needs the money.
4. Stately homes
Admittedly, it's quite an economic jump to go from a farm to a stately home but, after all, these are creative alternatives. The opportunities for finding this alternative will be easier in Europe than in North America. That's because Europe has a much longer history. The class system, too, enabled royals, aristocrats, and gentry to build large estates.
These houses are normally accompanied by acreage as well as a number of external buildings. You have to be wealthy to own them, and that's because the cost of their upkeep is substantial. So, opportunities abound here for the astute entrepreneur.
5. Summerhouse
Although this may not be the cheapest option to consider, it will be viable for some, especially when you compare the cost to erect one against the annual rent for a similar structure elsewhere. Some people have sufficient land behind their homes to put up another smaller building, and pre-fab designs can mean that once the foundation has been laid, you can be up and running in a few days.
One of the challenges that entrepreneurs face when they start a business is where to put it. Few have an unlimited supply of money from which to build, buy or rent the plushest of setts, much as they would like to. So, what are their options?
Here are five creative alternatives.
1. Your garage
This may not seem like an obvious choice; but when you consider that only one in four people use them for their cars in Britain, and less than one in six do so in the U.S., you have to ask yourself for what purpose that space is being used. Most people use them for additional, temporary storage. But when you look down your street, you discover that the only thing that's not permanent is the kind of car your neighbors drive.
2. Someone else's premises
Few businesses use every square foot of their warehouse, office, lab or even factory floor. And when the economy is weak, there tends to be more left over than usual. Instead of trying to obtain these facilities for yourself from scratch, why not ask if you could share some of the unused space in a place that already has everything you need?
3. Farms
Most farms struggle to make ends meet. They also have barns and other outbuildings. To be sure, some of these edifices are little more than a wooden structure with a roof; but others have water and electricity. You have nothing to lose by asking a farmer in your area if there's some secure space that you could rent. No doubt, he or she needs the money.
4. Stately homes
Admittedly, it's quite an economic jump to go from a farm to a stately home but, after all, these are creative alternatives. The opportunities for finding this alternative will be easier in Europe than in North America. That's because Europe has a much longer history. The class system, too, enabled royals, aristocrats, and gentry to build large estates.
These houses are normally accompanied by acreage as well as a number of external buildings. You have to be wealthy to own them, and that's because the cost of their upkeep is substantial. So, opportunities abound here for the astute entrepreneur.
5. Summerhouse
Although this may not be the cheapest option to consider, it will be viable for some, especially when you compare the cost to erect one against the annual rent for a similar structure elsewhere. Some people have sufficient land behind their homes to put up another smaller building, and pre-fab designs can mean that once the foundation has been laid, you can be up and running in a few days.
By the way, if you'd like more information, then you might like to get my free eBook on How to BE an Entrepreneur.
Or, if you want some help in finding your niche, then you might be interested in http://www.terrydeaninterview.com.
Or, if you want some help in finding your niche, then you might be interested in http://www.terrydeaninterview.com.
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