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Advertising In Tough Economic Times |
| Economic times have many businesses thinking twice before they spend their money. However, numerous studies, going back as far as the Great Depression, have shown that maintaining or increasing advertising during tough economic times yields greater results than advertising during good times. According to a recently released article titled, “Advertising in a Recession: In Chaos Lies Opportunity,” advertisers who can maintain or increase their advertising investment will see a greater impact in their advertising. Full Story |
Protect Your Business With BOP Insurance |
Rather than purchasing separate property and liability coverage, many small businesses opt to lump them together in what's known as a Business Owner's Package policy (or BOP). For eligible small and medium-sized businesses, a BOP is a comprehensive package that can be a potential bargain source of insurance. Full Story
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What is a loan modification? |
It is the act of adjusting (modifying) the terms of an existing mortgage in an effort to make one’s monthly payment more affordable. The savings or reduction in the monthly payment comes from either a reduction in the interest rate, an extension of the term of the loan or a combination of the two. There are however more complex scenarios which are beyond the scope of this article. Full Story |
How Tenant’s can Build Future Profits in Today’s Lease Negotiations |
| The current business climate is very challenging for most sectors of the economy, but is important not to overlook the opportunities that can be developed. In the commercial real estate market, particularly in the three core area of retail, office and warehouse/industrial sectors one can position one’s business or medical practice now for future net income. Full Story |
Small Business Financing is Still Available Through the US Small Business Administration (SBA) and Banks |
Despite the challenging economic climate, small businesses can still obtain credit through banks that partner with the U.S. Small Business Administration (SBA), which guarantees business loans. Recognizing that small businesses remain the most fertile source of both business growth and employment, the recently signed American Recovery and Reinvestment Act actually increases the availability of SBA financing. This represents one of the first and most directly beneficial effects of the Act, and a bright ray of hope in an otherwise often gloomy business finance landscape. |
Available Sublease Space In Manhattan Approaches Five-Year High |
Sublease space accounts for 27.6% of available Manhattan office space NEW YORK – April 7, 2009 – Cushman & Wakefield
today released its first quarter report for the Manhattan commercial real estate market showing the amount of available sublease space is near a five-year high. Sublease space in Manhattan more than doubled from this time last year, reaching 10.3 million square feet at the end of the first quarter of 2009, up from 4.4 million square feet at the end of the first quarter of 2008. The amount of available sublease space is at the highest level since the second quarter of 2004, when 10.9 million square feet of sublease space was available. Full Story |
Buying a Small Business in the Current Economic Climate |
Most people would think it would be counter intuitive to purchase a business in the current economic climate. Wrong! Due to mass layoffs, people especially in their 40s and up -- or any age for that matter -- may be considering starting that business they always wanted, either to have more independence, ncreased income or both. Whatever the motivation, starting a business now may actually be the best time to buy a business due to lower prices. The first question that may come to mind is what types of businesses are safer than others in this economic
downturn. Businesses such as delis, pizza places, small cafés, laundromats, and bars are some of
the businesses that are good choices. You have to think in terms of services that people cannot do without. |
