The article in the November 16, 2012 Midlands Business Journal reminds us of the importance of professional networking. Marketing professionals agree that “networking with other business professionals is one of the best ways to move business forward.” Building relationships opens up contact circles and from there the opportunities grow. Professionals suggest staying away from controversial topics and concentrating on being up-to-date with current affairs and community happenings. It is also suggested that “the power of the referral is the biggest benefit of networking. Referrals multiply with the quality of the relationships that are built.” Getting involved in the local Chamber of Commerce and community groups or finding a professional networking group are both great opportunities for those looking to network.
In the November 9, 2012 edition of Midlands Business Journal, a story explaining some of the benefits realized through relocation for Fisher Fixture Company are outlined. Propertybanc was instrumental in the search and eventual locating of a new business site that allows for improved efficiencies and synergies for their company. Their food service equipment supply business has seen a positive response to the new showroom and the new building offers many different advantages in terms of utility costs and overhead expenses.
The article continues to say that the company enjoys the potential new business in the city that is a by-product of the wealth of restaurants and potential customers found in the metro.
An article in the most recent Midlands Business Journal of November 2, 2012 outlined reasons that local businesses might be considering expansions and possible job growth. Positive absorption of industrial projects continues to occur and there is a challenge to find available quality space for new companies looking to relocate. Financing package terms can be exceptional if
a business has a good business plan, a substantial owner contribution and a strong debt coverage projection. Jeff Konen of PropertyBanc mentions that owner build-out commitment and free rent periods continue to be two major lease discussion points. Tenant lease rates continue to remain extremely low and businesses are looking for the right location with adaptability of existing space that fits their needs.