When economic conditions cause sellers of commercial real estate to drop their prices, it presents an opportunity for your business. Owning your business location might be superior to renting. However, ownership of real estate has risks that are distinctive from owning a business.
For a small business owner, one of the biggest expenses after working to create a corporation is the rent for the company – which leads many to consider buying a property outright. But Inc. magazine contributor John Warrillow says that buying real estate can be an unnecessary distraction.