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> Rent or buy shoplot to start a business?

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howszat
post Jan 14 2020, 10:26 PM

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QUOTE(yklooi @ Jan 14 2020, 12:38 AM)
do you have enough money to sustain your business operation for 12 months or longer?
if ok, then can "consider' buying.
*

NO. That is not the reason to consider buying.

Buying, or not buying, has to do with returns vs costs = profits.

Nothing to do with how many months.

yklooi
post Jan 14 2020, 10:58 PM

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QUOTE(howszat @ Jan 14 2020, 10:26 PM)
NO. That is not the reason to consider buying.

Buying, or not buying, has to do with returns vs costs = profits.

Nothing to do with how many months.
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NO.....Buying, or not buying, is not always has to do with returns vs costs = profits.

there could be some investors that are NOT asking for profits....

that could be due to his available of money and his choices....

that is WHY it is about months of sustainability

your choices is PROFITs...his is not...read his postings...

This post has been edited by yklooi: Jan 14 2020, 11:09 PM
hft
post Jan 15 2020, 01:02 AM

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QUOTE(ririruru90 @ Jan 14 2020, 12:33 AM)
Hi all, would like to ask opinions on those who have experience in small/medium business

Which one is better if I want to start a business? Renting or buying a shoplot?
*
RENT
howszat
post Jan 15 2020, 01:07 AM

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To get back to the TS question:
- rent if you can put your capital to better use with your business.
- buy if your have the capital that does not provide better returns
icemanfx
post Jan 15 2020, 05:47 AM

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QUOTE(ririruru90 @ Jan 14 2020, 12:33 AM)
Hi all, would like to ask opinions on those who have experience in small/medium business

Which one is better if I want to start a business? Renting or buying a shoplot?
*
You are placing the cart in front of the horse.

saikia2046
post Jan 15 2020, 06:31 AM

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Renting with minimum renovation is the safest way to start a business.
rapple
post Jan 15 2020, 08:44 AM

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QUOTE(yklooi @ Jan 15 2020, 12:48 AM)
12  months or more .....has a lot of money
my choices & preferences

Don't change the topic.
are all businesses aimed for profits in mind?
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QUOTE(howszat @ Jan 15 2020, 12:53 AM)
Already told so many times. They can;t survive if they don't have profits.

Please get that into your head.
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Profit or loss of a business can be manipulated.

Huge profit but no cash, business collapsed instantly.

Cash is the most important aspect to sustain any business.
mmweric
post Feb 1 2020, 11:42 PM

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QUOTE(ririruru90 @ Jan 14 2020, 12:33 AM)
Hi all, would like to ask opinions on those who have experience in small/medium business

Which one is better if I want to start a business? Renting or buying a shoplot?
*
Unless your core business is renting out shop lots it would make more sense to rent and put your capital to better use. At today’s rental rate the shop lot owner is most probably subsidising your rental.

 

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