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Showing posts with the label Capital Investment

Do you need that space?

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  “Controlling costs sometimes means not planning too far in advance of your operation.” Did you buy more facilities than you needed? Do you have a ton of dead space in your office? Wasted space is wasted energy. If you have an office that could house 70 employees and you presently have only 5, you are air conditioning (HVAC) entirely too much space for such a small group. Controlling costs sometimes means not planning too far in advance of your operation. Having the space, you will need in ten years during the first year means for nine years you will waste money on too much space. Get what you need, not what you desire. The other option when you have too much space is to create leasable space for someone else that can help you afford your energy costs. "Industrial Lines" by musiquedecor is licensed under CC BY-NC-ND 2.0

Look for free money.

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“Doing projects in conjunction with the proper incentive can be just the discount you need for the solution you were planning to do anyway.” It sounds simple, but few ever bother looking. The federal, state, and local governments often have programs in place to convince business owners and would-be business owners to convert/buy something for a tax advantage or another sort of financial incentive. Talk to other business owners and see what they may know about incentives, and speak to your banker to see what they may have heard from another business owner. Also review information on governmental websites. In other words, start digging and see whether there’s an incentive for you to upgrade your lighting to LED or install high efficiency HVAC equipment or whether there is any program in place that will help you invest in your business. Doing projects in conjunction with the proper incentive can be just the discount you need for the solution you were planning to do anyway. "Free...

Did you buy a facility built before you were born?

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“Sometimes, we do what we must do to get by, but do not count your blessings too long before you begin to spend a little to secure the future of the business.” It may be time to upgrade things where you do business. If the walls have holes, the ceilings have stains, the flooring is rising beneath your feet, and it is a little drafty every now and then, then it might be time to make some investments. Taking too long to save your facility from ruin could result in the facility’s not being capable of providing safe shelter to your business operation. Sometimes, we do what we must do to get by, but do not count your blessings too long before you begin to spend a little to secure the future of the business. The process of renovation should start with the activity that poses the greatest threat to safety and operation; then, deal with the next issue that has the greatest potential to cause a threat and so forth. One by one, you will restore the ability to operate your business safely. Start ...