Tips to Find the Perfect Commercial Property

REAL ESTATE
Tips to Find the Perfect Property for Your Business
The adage that the three most important factors in real estate investment are location, location, location is no longer the most relevant piece of advice when selecting a site for your business. Here are four tips to help you find the perfect site.

Needs vs. wants: Selecting a site that meets your needs and wants doesn’t guarantee your success. Your clientele’s expectations from your business regarding parking, accessibility, availability of public transportation, complimentary amenities, and travel time are important factors in site selection that go a long way toward ensuring the success of your business.

Budget: The cost implications of the buy-versus-rent scenario can play out in a lot of ways. It will be important to carefully balance the needs of your business with your budgetary restraints. Working within your budget, find a property that will present your business in the best possible light.

Upgrades: Building improvements can drastically cut into your start-up budget. Substantial capital improvements required before opening may not be feasible, but remember, you only have one chance to make a first impression. Select a site that offers the current or potential upgrades needed to make that impression a great one.

Location: Market demographics vary drastically from region to region. A market need for your business in the region you are considering, as well as complimentary businesses that could bring traffic your way, will be key to attracting clientele to your business. A local commercial realtor can be an excellent source of market information if you are considering an unfamiliar area.


HOT BIZ TRENDS
Keeping Your Business Wi-Fi Network Secure

Wireless networks are notoriously insecure, and many small businesses inadvertently leave their Wi-Fi systems vulnerable to cyberattack. Often, these entrepreneurs don’t realize just how easily hackers can access data that is transmitted wirelessly.

Fortunately, business owners can take some simple precautions to strengthen the security of their wireless networks. These extra efforts are well worth the added security they provide.

Defaults: Always change the default credentials on devices such as Wi-Fi routers, switches, ports, and access points. These default credentials enable users to log in initially and configure their network, but it’s important to customize these once you set up your network.

Ports: A hacker or internal intruder can easily access sensitive business data by plugging in to an Ethernet port. To prevent this, make sure that all network peripherals are safely stored in a locked cabinet or closet.

Firewalls: Ensure that firewalls are running on all your computers and other network devices.

Guests: If you have enabled a guest Wi-Fi, make sure it is isolated from the rest of your network. If your servers are linked to your Wi-Fi, an intruder logged on to your Wi-Fi can easily hack your data.

Monitoring: Regularly monitor network peripherals such as routers and other network components for suspicious activity.

Updates: Keep all hardware and network firmware updated.

Tiers: High-level encryption standards and an extended authorization protocol can add further layers of security.

Securing your Wi-Fi network is essential business hygiene. Whether you’re a solopreneur or a small-business owner, these simple steps can keep your confidential information from being exploited.


TECHNOLOGY
Five Quick Steps to Save a Laptop from a Spill

One second, you’re working. The next, you’re fighting panic over the deluge that just hit your keyboard. A single tumbled cup can bring disaster to your day. How can you recover? If liquid gets into your laptop, take the following steps.

Immediately turn the device off by holding the power button down for five seconds. Then disconnect the power cord and remove the battery to prevent it from shorting out.

Now that you’re safe from shock, unplug the mouse, cables, flash drives, et cetera. Open and remove anything that can be easily disengaged, such as the RAM and the hard drive or SSD.

Next, blot the spilled liquid with a soft, lint-free cloth. Apply light pressure. Do not rub, scrub, or wipe, as that will just distribute the liquid.

Then open the laptop as wide as possible, turn it upside down, and gently tilt it from side to side and from front to back, allowing the liquid to escape from all sides. Do not shake the laptop.

Once the excess liquid is gone, use a can of compressed air or a hair dryer at the coolest setting to remove any remaining moisture. Be sure to keep the blow dryer or compressed air moving.

Leave the device upside down for a few hours, and use this time to blot up any liquid that may have seeped into the keyboard or other accessories. If the liquid was something sticky, such as soda, send the laptop to a professional for a thorough cleaning. If the spill was water, once the laptop has dried thoroughly, you should be able to reattach the peripherals and start it up.


REAL ESTATE
Accessibility Features Can Attract New Tenants
As the North American population continues to age, people are facing mobility challenges that have a detrimental impact on home ownership.

Shoveling the driveway and mowing the lawn get harder as an individual ages. Household maintenance requires more outside help as the physical realities of aging take hold.

Investors can expand their portfolio by investing in properties with accessible features. By removing barriers to mobility, many property owners can target and attract affluent aging individuals to their units.

Barrier-free is a design concept that minimizes or removes barriers to access for people struggling with mobility.

Investors can adapt existing structures to be more mobility-friendly, but there are limitations to retrofitting an existing building. Correcting narrow stairwells, doorways, or hallways is not always feasible in an older building; however, installation of automatic door openers can go a long way toward making a building more accessible. Consider automatic doors for every common area in the building. Elevators are often cost-prohibitive to install within an aging infrastructure. Due to these costs, the biggest areas for advancement with barrier-free design tend to be in new construction.

Stairs can be one of the biggest challenges to overcome for someone with a mobility issue.

Those few steps at the front of the building might as well be a “Do not enter” sign for someone who requires a wheelchair or a walker. Ramps can make access easier, and elevators can remove the barrier to access on upper levels of the building for individuals with mobility challenges.

Narrow hallways and doorways are often the next barrier that becomes obvious once a person with mobility issues has obtained access to the building.

Struggling through a narrow hallway with a wheelchair or walker can be dangerous and frustrating. Walkers and wheelchairs also require a larger turning radius, forcing users to back out of tight doorways and elevators. There simply isn’t enough room to turn around safely.

When you add raised thresholds to the mix, you have an increased potential for entrapment or a fall or trip. Power wheelchairs and mobility scooters may assist a person in overcoming the physical constraints of the raised barrier; however, the jarring bump often causes pain and instability, which further contribute to the fall risk. Many flat or zero-clearance threshold options that will provide both form and function are available to landlords.

Little improvements can go a long way toward enhancing a space for an individual who has mobility struggles.

Items like raised toilets, strategically placed handrails, and supports can make a home more livable. Single-lever faucets are a cost-effective and easier-to-grip option for sinks and showers. There are many other low-cost adaptations that can help landlords remove a barrier to tenancy.

Big-ticket renovations like updating kitchen cabinetry, installing personal alarm systems, and bathroom retrofits may not make financial sense for some properties, but would be easily integrated into a new build.

Investors should closely analyze the cost benefits of these types of renovations as they develop and implement their business models.

SA Realty Watch Group
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Worth Reading
Google’s Top “Secret”
By Marcel Schwantes
Inc.

In an effort to boost morale, eliminate interpersonal conflicts, and improve communication, Google researchers went on a mission to discover the secrets behind effective collaborative teams. They found that the number one need for any team is an environment where team members feel psychologically safe. Learn what this means and how you can make your teams great by fostering psychological safety.

Five Ways to Improve Your Customer Service
By Sunday Steinkirchner

Forbes

The internet has made it possible for consumers to have myriad products and services at their fingertips. How can a company stand out from the competition? It’s simple: offer unrivalled customer service. Here are five proven methods to improve relationships with your customers while fostering loyalty to your brand.

More Often Than Not, Your Best Career Move Is to Stay Put
By Reid Carr

Entrepreneur

In an attempt to climb the corporate ladder, some employees might be tempted to hop from company to company instead of staying loyal to one. But job-hopping isn’t necessarily the wisest strategy if you want to ascend to new career heights. Often, by taking the time to learn and thrive in one workplace, you get the opportunity to prove yourself and build a foundation for a more fulfilling and meaningful career. Learn how.


LINKS YOU CAN USE
Employee Motivation
How do you motivate your employees? Carrots? Sticks? What works, and what doesn’t? Use the following to gain a better understanding of employee motivation and how to harness it to improve your operations:

Motivating your employees might be easier than you think. Find some simple tips here:
Top 5 Ways to Motivate Your Employees

Is your employee’s motivation showing signs of slippage? Get it back on track with these six steps:
6 Ways to Re-Engage an Unmotivated Employee

Believe it or not, many things motivate employees better than money. Here are 10 of them:
10 Tips to Motivate Employees Without Resorting to Money

You know employee motivation is important, but what exactly are the benefits? Discover the science behind it and how it can boost your bottom line:
The Benefits of Highly Motivated Employees

Are you inadvertently minimizing the motivation at your workplace? Learn the top characteristics of a demotivating boss to ensure they aren’t in your repertoire:
30 Ways Your Boss Kills Employee Motivation

This newsletter and any information contained herein are intended for general informational purposes only and should not be construed as legal, financial or medical advice. The publisher takes great efforts to ensure the accuracy of information contained in this newsletter. However, we will not be responsible at any time for any errors or omissions or any damages, howsoever caused, that result from its use. Seek competent professional advice and/or legal counsel with respect to any matter discussed or published in this newsletter.
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