When starting a business, one of the first decisions you must make is to lease space for your office, store, or restaurant, or purchase a property. Each comes with its share of benefits and disadvantages, but with a little planning, you can make an informed choice that helps your business succeed in the long run. Here are our tips when it comes to choosing to lease or buy your business property.

Leasing vs. Buying

Here are a few things to consider regarding leasing vs. buying your business space:

Leasing Property

• Doesn’t require a down payment, excluding a deposit


• Certain upgrade and renovations, such as complying with code, will be paid for by your landlord.


• Generally are not responsible for building repairs and preventative maintenance.


• Option to transition to a larger space as your business grows.

• Usually must provide a down payment of 10% -- 25%.


• Eligible for tax ...

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Do you ever dream of the freedom and flexibility of self-employment as you “punch the clock” each work day? With a little initiative and ingenuity, you can drop your day job for something more rewarding and become a self-sufficient professional who only answers to you. Read below for some helpful tips for making the transition from employee to successful entrepreneur.

No guts, no glory: This may not come as a surprise, but in order to invoke change in your life, you must be willing to make changes and step out of your comfort zone. Put yourself out there, and rather than fear the possibility of failure, accept it as a normal step on the path to success.

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