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100 WAYS: #14 Sublet Unuse Office Space
– January 7, 2011
At least annually, you should review your office space in relation to your current and future needs. If you determine that there is excess capacity, consider leasing some of this unused space.
It might also be possible to let community organizations or other small businesses rent your conference room and facilities in off-hour sessions or when not in use.Depending on your location, parking spaces might be in high demand. Consider leasing any unused spaces as well.
With a little time and effort, you can potentially bring in a solid revenue stream with no extra expense.
This is Profit Enhancement Idea #14 in Heard, McElroy & Vestal's 100 Ways: The Profit Enhancement Process series. The purpose of the series is to assist business owners and managers in cutting costs and increasing revenues by working smarter, not harder.
Walker Coburn
318.429.2109
wcoburn@hmvcpa.com
Walker is an Audit Manager in our Shreveport office. He received his Bachelor of Administration in Accounting and a Masters of Accountancy from Millsaps College in Jackson, MS. Prior to returning to his hometown of Shreveport and joining Heard, McElroy & Vestal, Walker worked for KPMG in Jackson and Memphis, and more recently as a financial reporting advisor for FedEx Corporate.
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