At a time when Charleston is normally gearing up for an influx of visitors from all over the world coming to our lovely city, we find ourselves fighting and working through one of the worst events since the Fire of 1861. Instead of volleying for business, we are working together to serve those in the city who need and provide help. In the past through fire, hurricanes, and other disasters, communities worked together to help each other. The difference —…
The CARES Act has opened the floodgates to free money for businesses. Below are the basic details of loans available to businesses. They are incredible unless regulations apply limits: This new law lets any business borrow 2.5 months of payroll, benefits, interest on loans and lease payments. The loan is made through a bank that is an SBA approved lender and is guaranteed by the SBA. Loan Is nonrecourse to the borrower. The loan is forgiven if you don’t cut…
Most businesses today want to save money in any way possible, as well as be socially responsible. They achieve both goals by choosing a building that is energy efficient. While some efficiencies can be achieved with modifications, the most effective ones will come from the design and construction phases. Interestingly, some areas of the country are more successful at this approach than others. So, how can you get the most energy-efficient performance out of your next commercial construction project? Commercial…
Preparing Your Business for the Effects of the Coronavirus – Emergency Business Planning With the rapid onslaught of the Coronavirus already disrupting business operations in the U.S., there are three ways you can face the future: panic, do nothing, or plan. As we work with business owners through these tough times, we know the best way to do this emergency business planning, making the situation under your control as much as possible. By now you have probably read all the…
Whether you are a property manager that wants to modernize your space or a tenant that needs to complete a build-out to add the customized features you need for your business, commercial remodeling projects can be complex. Many owners and tenants aren’t sure what to expect when approaching one of these projects, so having the right information on hand in advance can make planning and dealing with the process more seamless. The Difference Between Remodeling and Renovation If you’re looking…
Like any other property, commercial buildings are at risk of damage from catastrophic weather events that can produce flooding. Depending on your location and the season, losses caused by hurricanes and tornadoes are possibilities. But seasonal storms with their heavy winds, rain, and lightning strikes can also bring flooding concerns. Few areas in the United States don’t have a risk of floods, but South Carolina’s risk is greater than some. National Geographic reports that floods are responsible for about 140…
Businesses operating in the for-profit sector rely on profits for growth and survival. Profitability, or optimizing the bottom line, is essential to expanding operations, securing financing, attracting investors, retaining a quality workforce, buying inventory and remaining competitive. Indeed, for all organizations large and small, controlling expenses and making budget cuts is both prudent and necessary. As Sam Walton said, “Control your expenses better than your competition. This is where you can always find the competitive advantage.” Ideas to Improve Your…
Who doesn’t like a good deal? No one, right? A good deal means a good value, a favorable opportunity, a positive situation, a pleasing outcome. You’ve got all of those in Charleston, SC. A wonderfully livable city and plenty of good jobs in Charleston make this a very desirable area in 2020. Charleston is a Good Deal For the past five years, SmartAsset, a financial technology company, has published a study about “undervalued cities,” meaning that real estate property values…
The term “undervalued” sounds negative, but in a real estate or financial sense, being undervalued is a very good thing, meaning that real estate property has greater value than its cost. In other words, a good deal; a bargain. On top of that, Charleston is highly regarded as a great place to buy a home and a delightful place to live. For four years running, SmartAsset, a financial technology company, has published a study about undervalued cities. For the last two…
Are you thinking about a remodel office project? While a bigger space may be necessary for a growing company, sometimes making the existing space better, more efficient, and more appealing is a great way to go, with an attractive payback. The Benefits of a Renovation Consider these renovation benefits for your remodel office endeavor: Enhance employee satisfaction and happiness. Improve the company’s image and leverage branding efforts. Create a stronger company culture. Achieve added work productivity and efficiency. Attract added…
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