MINIMISING THE RISING COSTS OF BUSINESS
Small-medium commercial and retail businesses have a lot to manage financially and keeping track of the cost of goods and cost of occupancy is a REAL issue that can have a big impact on viability and profitability.
General inflation and rising costs associated with running a commercial business are at an all-time high, with a range of expenses that include:
- Increasing rental costs
- Increasing cost of goods
- Increasing costs of essential services (electricity, gas & water)
- Soaring marketing costs
At CRS Property, our commercial and retail property specialists do their best to assist by fighting for both owners and tenants and ensuring being that involvement in a commercial lease arrangement is as stress-free as possible.
While we can’t reduce the costs of goods, we can help trim expenses in other ways, including:
- Reducing electricity rates by running an embedded network, or leveraging off relationships to bring the best market usage rates to the table.
- Keeping a close eye on cost of rent vs turnover
- Understanding the impact occupancy cost has on tenants’ success
Energy price hikes are a particular pain point, with price climbs in the commercial sector as high as 120% – a figure much larger than the 20% increase faced by average Australian households. And according to research from leading energy brokers, up to 85% of businesses routinely pay too much for their energy, without knowing the other options available.
By benefiting from connections to commercial property experts adept at actively driving the occupancy rate per metre costs down and keeping them low, reducing costs of the ongoing operation of your business is a win for any enterprise.
No matter how large or small your business is, better budgeting improves your bottom line.
Thoughtful input from relevant professionals helps your business decisions become easier and more strategic – but always be sure to engage professionals with proven research skills and up-to-date industry insights to propel your business in a positive direction.
At CRS Property, we understand how important it is to keep costs down, that’s why we also have an in-house marketing department that can assist you with your marketing needs to build your business,
- Brand development
- Design services
- Campaign management
- Social media management
- Copywriting & photography
- Digital marketing (SEO & Google AdWords)
- Website development
The best news is that we don’t charge exorbitant agency rates. Plus, no one knows property like us.
When your business takes a holistic approach to every aspect of cost-effective marketing strategy, better business opportunities are a natural flow-on – and with ongoing support and personalised attention, it’s a smart way to help your business trim costs and become stronger for a successful, sustainable future.