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the original kStyle blog.

Wednesday, December 20, 2006

I'll just say this once

Renting space is not the way to go when running a business.

Thank you.

Larry Jones said...: Sounds like you're not having fun. But renting is good in that it gets you a place to do business at a fairly low initial cash outlay, and you can start earning, sometimes years before you would have been able to buy a commercial property. Also, for tax purposes, the rent becomes a deductible business expense. By renting, you give the world the benefit of your talent immediately, instead of after a long period of saving for a down payment.

Or maybe not. I don't really know.; 3:49 PM
kStyle said...: I wasn't talking about me, actually. Well, I was talking about Eventual Me. Renting is perfect for a single-person practice, but for my future tea house, we shall Buy the Building.

I learned that the closing shiatsu school had an obscene monthly rent--for that price, they could have bought and used a house (or two!) in a multi-purpose neighborhood and earned equity, too. And the woman from whom I sublet is having nightmares with the landlord, from which, thankfully, I'm insulated.; 8:01 PM