2: The Costs of Space

Now that you have started thinking about the type of space you want and need, contemplate your funding options. With any lease or purchase, you must answer these two questions:
  1. How much you can afford to pay?
  2. What are the actual costs associated with operating the space?
This chapter helps you to examine your finances and expenses and to better understand the costs associated with operating a space. The three distinct sets of worksheets for you to complete in this chapter:
  • Worksheets for leasing: Leasing Costs
  • Worksheets for buying: Annual Expenses (Business Organization) and Annual Expenses (Individuals)
  • To Lease or Buy Comparison Chart
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Chpt.2_ AnnualExp_busorg.pdf59.05 KB