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Note: Our collaborative Blog offers insights on ‘How to make your business premises pay for itself.’
There’s no denying that running a business these days is quite challenging. Competition can be high; global or economic events can impact revenue. Still, if you believe in your business, it will be successful. Worse, we have the COVID-19 pandemic with which to contend.
As a business owner, you want to make sure that your organization is sustainable, and you’ll be looking at different ways to boost your company’s revenue streams. You might not realize it, but your business premises could be generating extra money for your firm.
Operating a sustainable business applies to most types of operations, including entrepreneurship. It’s always necessary to review the bottom line and ensure that the current strategies contribute to the long-term journey. Should there be an intuitive hunch or doubt about something, it’s wise to research the matter to revise the plan.
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How To Make Your Business Premises Pay for Itself
The following examples share how you can make the idea possible:
Build A Cell Tower In Your Lot
One of the more unique ways to increase your company’s revenue is building a cell tower in your parking lot. Alternatively, you could have one built on top of your premises or alongside a tall building.
How can a cell tower give your business more revenue, you ask yourself? The answer is simple: companies like Verizon will pay your business to lease your cell tower and use it for their telecommunications networks.
The amount your business can earn through lease revenue will depend on factors like location, demand, and capacity. But, you can find out more at https://www.celltowerleaseexperts.com/cell-tower-lease/.
You can also do the same thing if you’ve got an existing cell tower in your lot, which you may have inherited from the previous owner of your premises.
Install Solar Panels On Your Roof
Another idea for you to consider is to install solar panels on your roof. If you have a large roof area, you could generate enough electricity for your business and sell any surplus energy to power grid companies.
Of course, you’ll have to keep in mind that solar panels and systems are significant investments. However, the benefits are worth the expense, and your solar panel system will undeniably pay for itself in just a few years of use.
If your building faces the correct way, and there are no obstructions like tall trees in the immediate area, you’ll receive the maximum amount of sunlight – even during cloudy days. The more sunlight your solar panels receive, the more electricity they generate.
As you can appreciate, maximizing the amount of electricity generated means you will have the best revenue from your idea. Take a look at https://us.sunpower.com/commercial-solar to find out more.
Rent Out Your Office Space
Lastly, do you have some vacant floors or offices at your premises? If so, there’s no point in letting those workspaces go to waste. Instead, what you can do is rent out your unused office space to other businesses and organizations.
You can have them sign medium to long-term contracts, guaranteeing your business a steady revenue for a fixed period. Plus, if your tenants like being at your premises and are very productive being there, they’ll likely want to extend their lease agreements with you.
Last, if you have a mixture of office and industrial spaces available, you could even lease those unused parts of your premises to startup businesses.
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As the CEO of Smooth Sale, after her near-death experience, Stutz adapted the motto, “Believe, Become, Empower.”Nice Girls DO Get the Sale is an International Best-Selling and Evergreen book – among the classics; HIRED! Helped many to secure the job they desired.
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Sales Tips: How to Make Your Business Premises Pay for Itself
- Research new technology for time-saving devices.
- Ensure that communications in all regards are efficient.
- Ask your sales staff about their timeliness in following up with clientele.
- Conduct inclusive team meetings and openly ask for new ideas for improvement.
- Ensure client loyalty by being attentive to their needs and checking in for their level of satisfaction.
- Research competitors’ strategies to see if you may be overlooking something.
- Upon implementing an approach that your competitors use, ensure that you do so in a way that complements your unique brand.
- Review all communications for consistency and insights that interest your prospective clientele.
- Ensure your website is up to date, easy to use, and continues to intrigue visitors.
- Celebrate Success!
Today’s insights are provided to help you achieve the Smooth Sale!
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