Buildings and Landlords
Posted by Charles Thu, 08 Sep 2005 05:17:00 GMT
I am writing this while avoiding making a big decision. A woman owns and manages two buildings in Belmont, both for lease under market value, have good buildout potential, and are in a great area for me. One building is nicer than the other, and it just got leased for three months, with an option to lease for longer.
I can now either:
- Lease the ugly building, which will always be not as nice as what I could have had
- Look for another building that is better, and see if the tenant renews the lease on the good building within three months
- Sign a contingency with the landlord to rent the ugly building, and do a minimal buildout to make it work for me, with the agreement that I can move into the better building as soon as it is vacant
No trepidation. I am looking forward to getting in with both feet and doing it. I can run a bike shop well, I’m sure of it, but I am not good at processing problems with multiple, changing variables. Planning this business, while very educational, is not what I am very good at, and I feel at times I am overusing my time and friend resources to solve simple problems. Forecasting? Budgeting construction costs? Negotiating the politics of other dealers territories and brand managers’ unspoken goals? Its so frustrating as there is no feedback.
I will be happy to have been an entrepreneur. Can I start building bikes now?
