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_ ness You are now ready to move your busiâ€" ness from the [ _ realm of ideas, es forms and figâ€" I ures to someâ€" ‘ BR thing concrete | with real office _ [R furniture, real Un ; computers and _ | $ a real space. lt This can also mean real expensive, so go slowly. When you L__â€"S are first starting W out your best w plan is a lowâ€" ; cost plan. It will take time for you to build a clientele and a positive cash flow. Borrow before you rent, and rent before you buy. One of the potentially highest cost expenses will be your location â€" sometimes referred to as your overhead. You must decide how critical your location is to your.line of business. For example, if you are in tradiâ€" tional retail you may require a physical location to service your customer. _ There are two basic types of retail locations â€"convenâ€" ience and destination. A convenient location would be a major mall or uptown where a number of retailers are clustered. Your customer may come into your store simply by discovâ€" ering you walking by. This is a great way to build clientele, but it will come at a high cost. The cost to rent in a major retail mall can range from $30 to $100 a square foot. That may not sound too bad, but that is just for the It‘s all about location, location, location y now you have named and formed your busiâ€" four bare walls â€"no improvements, utilities or CAM charges (common area maintenance). At $100 a square foot, a mm . Simall 1,000â€" MB | squareâ€"foot UR | space is going to JYR unyou $100,000 a year [ WBB) justinrent. You may pay less for your destination location, but plan to spend more on advertising. If you want to find a rental or purchase space in Waterloo Region, check out this website: www.techtriangle.com. Click on Real Estate to search. The best starting situaâ€" tion is that you can conduct your business from your home. There are many types of businesses that only require a space for a desk, phone, filing cabinét and computer to operate. The other type is what is referred to as a destination location. Your § customer will drive specifically to you to shop. An example %% w'ould be a furâ€" niture store or car dealership. The key with this type of location is customer awareâ€" ness. Your customer will need to know where you are, so you will have to advertise. With many businesses now having a presence on the web, with a website you can establish and practically run your business from a beach in the Caribbean. Well, that may be taking it a bit far, but you could probaâ€" bly take a week‘s vacation away from the office and still keep in touch. So don‘t overlook the obvious. If you have the type of business that does not require your customer comâ€" ing to your office, then set up your headquarters in that spare room you have since the kids have moved out. OK, so they are still hangâ€" ing around and you haven‘t been able to get rid of them 00 FAM Bast Bached Cars in the Wt offen. By setecing e purchase francing offr o Inase ofte. conmumers may be forgaing ofer such negotiated dtucounts which may mmaut in a hghr affecive frarce or lnase rite. 1 Finance affes based on a 80â€"monts france amort aptone an new 2008 Larow: DE (CL41â€"A ©082008 Ouénder £9 2WD (OD4Bâ€"A ©01) are avadiatie Awough e Bark of Nove Soote and Bark of Montroal. Morihly paymint is $1604200 tor 60 mondhe amortnnd over an 84â€"monit #2,27202.774, Aumaining prvcipa! batarce of $4,380/90,808 s applcable wwess due at h and of 80.amarth painc. No securty depout required. Anrarl Peroantage Rale (APM) in 2 PNuBA h. Ooat o borroming is §1.2370,4010 Lind whints Hote: Satee af Canada nc. deaters. Approsimate $1,100 Vicerinos Suiae Army Oi Pack ("OMR Pack is avaatte o any customer who buys, fnances or Inases a 20072008 Msutia Ectpee Coupe or Spyider vatic. For e grumne. cartomer muntsign comtrect and ke datvary from daatar siock between Agil 130. 2008 inchuas. Limt of one ght pack par vatele purchase. Vist daste for leme and condiione. ~ACTORMONC . he famoue Vislednox Crone and wred vadamarts ounad by Vn AG and n affiatee and are used wih parmiselon: /N Denlars may laase o sat lor won. For af programe, cuntomer mun ign contrac and \ake dabvary from dealer sinck batween Aprt 1:30, 2008. ng enpenase ordirarty due at purchane or signing: Homnme. ragisiraion, insurence, tmia, Inapacton, gas, adiriaiion fees. deatiaion and dabvery (41,248 Eclpes, Lanose§1 .348 Outandar) and any addbona! datvery or prepanation introducing Mitsubishi Motors‘first ever "Drive for Right To Play" sales event in support of the Right To Play charitable organization. Established in 2003. Right To Play helps to improve the lives of children in the most disadvantaged areas of the world by using the power of sport and play for development, health and peace. And 5o, in the spirit of athleticism, Mitsubishi Motors will donate $100 from every vehicle sold dur ing this event to the Right To Play orgaritzation. Visit your local Mitsubishi dealership today to take advantage of great deals and support a worthy cause. Offers end April 30th. 4 * < e ‘% hee ~ *“*.- se 2008 ENDEAVOR =«»««$35,998 2008 OUTLANDER 4,998 _ 2007 GALANT a;«»924,998 2008 LANCER mas« 3 10,598 ‘e in prn. (1) GTB modal any. (Z) BE/GTS modals only. A 0% APR purchase Anancing ofler mviable throx s modats fLaroe: Evahvton exctuded). Prancing axample: i $20,000 francd at 0% tor 3090 montha, mond Anancing ieem. mportant program and credit reabictions apply and not al cutemers uit qually. Ofler cannat yet â€" then find a space somewhere in the house to set up shop. By setting up your office in your home not only will you save on renting an office space, but you may be able to write off the space expense (mortgage interest, utilities and taxes) from your Continued on page 26 scton. gas. adtmirisbadon foes. destraon and debvery (31.248 Ectpen, LanosaB!.348 Outandar) and any aduiional detvery Come Join Us For The Celebration Bark ot Hove Scote o Bark of Morirealtor up to 60 monie an at naw 2008 Eclpae or Eclipee Spyder modula and up t 36 mante pmpmarts are $5603383. Cont of bonowing is $00 and APA is 097. $0%0 down paymant required. Actual paymants vary based at ary othae apecial offes msoupt the Ecurcation Edge rebate. Negotated decounts may t receve frarce or inase rute t Prance affes based on a 80â€"mon‘h frarce amortized ove rwrou. Morihty paymart is $1809200 tor 60 mondhe amortnnd over an 84.month pactod Pertartage Pate (APR) is 2 0%/84.0%, Coat of borrowing is §1,3370,40.( Lintled tme WATERLOO CHRONICLE + Wednesday, April 23, 2008 * 25 m Swinn Army OM and at proâ€" and "SÂ¥088 APRY we regisâ€"