Should I Buy or Lease?

<h1>Should I Buy or Lease?</h1>Author: <a title="John Graden" href="http://www.articlesbase.com/authors/john-graden/134656.htm">John Graden</a> The basic rule of thumb is that, if you can buy for the same monthly price as your rent, it makes sense to buy. Even if the mortgage payment is a little higher (less than 25 percent higher), the additional expense is offset by the tax advantages and wealth building that owning the building gives you. Even if you are leasing, it’s often a good idea to include an option to purchase the property. Personally, I am debt adverse so entering into a mortgage for my business would be very uncomfortable for me. I would probably try to save as much as I could so I could purchase a building in full and then run the business rent free. In the process of planning and starting up your martial arts school, few decisions will have as much impact on your prospects for success as choosing a good location and negotiating a favorable lease. Be careful not to get emotionally tied to any one location. Keep running the numbers to keep you focused on the potential upside and downside throughout the process. Stay cool, and most of all, don’t forget to just ask. If you end up selling your school, be sure you are not restricted from assigning that lease to the new owners at the same terms. Also, you may want to sub-let the space for certain classes during off hours. For instance, you may want to sub-let the space to a yoga instructor from 9 a.m. to 2 p.m., Monday to Friday, to offset your expenses and keep money flowing during down hours. Make sure your lease allows you to assign and sub-let the lease if needed. This usually requires landlord approval, but make sure your lease allows the possibility and specifies it will not be at a higher rate.About the Author: Widely recognized as the man who revolutionized the martial arts industry, John Graden launched organizations such as NAPMA (National Association of Professional Martial Artists), ACMA (American Council on Martial Arts), and MATA (Martial Arts Teachers Association). Graden also introduced the first trade magazine for the martial arts business, Martial Arts Professional.John Graden’s latest book, The Truth about the Martial Arts Business looks into key strategies involved in launching a martial arts business and includes Graden’s own experience as a student, a leader and a business owner.Graden is the author of six books including The Truth about the Martial Arts Business, The Impostor Syndrome: How to Replace Self-Doubt with Self-Confidence and Train Your Brain for Success, Mr. Graden has been profiled by hundreds of international publications including over 20 magazine cover stories and a comprehensive profile in the Wall Street Journal.Presentations include: The Impostor Syndrome, Black Belt Leadership, The Secret to Self Confidence, and How to Create a Life Instead of Making a Living, John has taught his proven and unique principles of success to thousands of people on three continents since 1987.From keynote presentations for thousands to one-on-one coaching sessions, John Graden is a dynamic speaker, teacher, and media personality who brings passion and entertainment to his presentations.
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<a target="_blank" href="http://MartialArtsSchoolOwners.com">http://MartialArtsSchoolOwners.com</a></p

Article Source: <a href="http://www.articlesbase.com/">ArticlesBase.com</a> - <a href="http://www.articlesbase.com/martial-arts-articles/should-i-buy-or-lease-1460128.html" title="Should I Buy or Lease?">Should I Buy or Lease?</a>

The basic rule of thumb is that, if you can buy for the same monthly price as your rent, it makes sense to buy. Even if the mortgage payment is a little higher (less than 25 percent higher), the additional expense is offset by the tax advantages and wealth building that owning the building gives you. Even if you are leasing, it’s often a good idea to include an option to purchase the property.

Personally, I am debt adverse so entering into a mortgage for my business would be very uncomfortable for me. I would probably try to save as much as I could so I could purchase a building in full and then run the business rent free.

In the process of planning and starting up your martial arts school, few decisions will have as much impact on your prospects for success as choosing a good location and negotiating a favorable lease. Be careful not to get emotionally tied to any one location. Keep running the numbers to keep you focused on the potential upside and downside throughout the process. Stay cool, and most of all, don’t forget to just ask.

If you end up selling your school, be sure you are not restricted from assigning that lease to the new owners at the same terms.

Also, you may want to sub-let the space for certain classes during off hours. For instance, you may want to sub-let the space to a yoga instructor from 9 a.m. to 2 p.m., Monday to Friday, to offset your expenses and keep money flowing during down hours. Make sure your lease allows you to assign and sub-let the lease if needed. This usually requires landlord approval, but make sure your lease allows the possibility and specifies it will not be at a higher rate.

Widely recognized as the man who revolutionized the martial arts industry, John Graden launched organizations such as NAPMA (National Association of Professional Martial Artists), ACMA (American Council on Martial Arts), and MATA (Martial Arts Teachers Association). Graden also introduced the first trade magazine for the martial arts business, Martial Arts Professional.John Graden’s latest book, The Truth about the Martial Arts Business looks into key strategies involved in launching a martial arts business and includes Graden’s own experience as a student, a leader and a business owner.Graden is the author of six books including The Truth about the Martial Arts Business, The Impostor Syndrome: How to Replace Self-Doubt with Self-Confidence and Train Your Brain for Success, Mr. Graden has been profiled by hundreds of international publications including over 20 magazine cover stories and a comprehensive profile in the Wall Street Journal.Presentations include: The Impostor Syndrome, Black Belt Leadership, The Secret to Self Confidence, and How to Create a Life Instead of Making a Living, John has taught his proven and unique principles of success to thousands of people on three continents since 1987.From keynote presentations for thousands to one-on-one coaching sessions, John Graden is a dynamic speaker, teacher, and media personality who brings passion and entertainment to his presentations. http://MartialArtsTeachers.com http://MartialArtsSchoolOwners.com

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Article Tags: owning a business, martial arts business, martial arts marketing, martial arts teachers association, martial arts professional, mata, national association of professional martial artists, napma

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