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Savings Plan

Leasing Retail or Office Space

23. Look over your lease. "Lots of people don't realize they're being overcharged on their commercial leases," says Greg Gimba, managing partner for Anet Consulting Group Inc., a global strategic marketing firm in Daytona Beach, Florida. Gimba recommends auditing your lease agreement regularly-with the help of an attorney familiar with your type of lease. Pay special attention to the stated square footage and "shared costs" you pay for maintenance of common areas (which you should ensure are actually being maintained).

24. Lower your overhead. Share office overhead expenses with other business owners by locating in an executive suite.

25. Get a suite deal. You don't have to run your office on site to benefit from an executive suite. Many homebased entrepreneurs find executive suites meet a range of needs, including access to a private mailbox and a receptionist to answer or forward calls to your home office-all for about $150 to $250 per month.

This article was originally published in the February 1997 print edition of Entrepreneur with the headline: Savings Plan.

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