Categories: All - profitability - income - marketing - technology

by neraj tuli 15 years ago

357

Increase Profitability

To improve financial performance, various strategies can be implemented. Selling the building and condo units, collaborating with national brokers, and targeting multi-national companies can significantly increase profitability.

Increase Profitability

Increase Profitability

Marketing/Retention

Upgrade Signage
Improve Curb Appeal

Fix billing system

Collect back rent
Charge late fees

Retain Lifelinks

Fix chemical smell
Meet executive staff

Sell "Condo" Units

Dance NE
Joyce
Harbor of Hope

Reduce Operating Costs

Reduce maintenance expenses
Purchase snow removal equipment
Renegotiate rates with contractors
Install green technologies to reduce energy usage
Trade space to utility providers

Build Internship Staff

Find Alternate Income Streams

Create commercial/residential brokerage in house
Rent the vacant space as conference/function space on the weekends
Market area businesses to tenants on a monthly basis
Create a test kitchen
Create a marketing company that offers services to tenants
Start an IT consulting business
Convert space to small offices and offer rent a la cart
Create an incubator that trades space for equity
Become/partner with a solar, wind or geothermal utility

Sell Building

Contact multi-national companies
Work with national brokers

Rent Vacant Space

Cold call businesses
Upsell Tenants
Church Hope

Vending

Courtsmart

Lifelinks

Partner with contractors
Partner with Lawyers
Partner with Interior Designers
Partner with Accountants
Offer commission to tenants for referrals
Work with Boston Brokers
Advertise space in print and radio
Advertise Space online
Craigslist

Google

Loopnet