6 Easy Steps to Calculating Your Office Space Cost

by Nathan Smith

Austin Tenant Advisors

Nathan Smith is a commercial real estate advisor and owner of Austin Tenant Advisors, a local commercial real estate company that specializes ONLY in representing the best interests of business owners and companies in the search, selection, negotiation, and occupancy of office, retail, and warehouse space. Early on Nathan saw a need for business owners and companies to have the same expert advice as Landlords when it comes to leasing and purchasing commercial properties. In fact, he doesn't want to just level the playing field, he strives to educate and advise them in a way that puts them in a position of strength so that they find the best spaces and negotiate the best deals possible. Nathan graduated from Texas State University and had the opportunity to serve his Country in the Air Force Reserves. Nathan is married to Jennifer and has two children. He is also a die-hard cyclist and runner and has competed in numerous short and long distance triathlons and Ironman competitions.

Finding office space can be hard enough but understanding all of the commercial real estate jargon well enough to determine your office space costs can be next to impossible for those that are unfamiliar with the commercial real estate industry. It’s always best to have a commercial real estate broker on your side to help you in determining these costs and negotiate rates. However, if you’re wanting to get an estimate of what your monthly office lease rates will be, use these 6 Easy Steps to Calculate your Office Space Cost:

Topics: Business Operations

Tips for Navigating Corporate Health Care Plans

by Mike Martin

The Karis Group

Mike was born, raised and spent a large portion of his professional career as a healthcare CEO in Baton Rouge, Louisiana before moving to Central Texas in 2003. He achieved success as a senior-level executive in several different industries and career paths but most enjoyed those that afford him the opportunity to make a positive impact on peoples lives. The attainment of a Bachelor of Science and Masters in Public Administration degree from Louisiana State University after completing military service was the foundation for Mike’s life-long career of service to others. After serving in the administration of Louisiana Governor David Treen, he began a career in healthcare as the CEO of a regional, non-profit, cancer treatment, research and education center. It was during these years that his passion for the patients led him to champion causes for quality, affordable patient care – regardless of ability to pay. Mike’s experience as a seasoned healthcare executive coupled with a real desire to serve others led him to The Karis Group in January, 2010. Having witnessed the devastation that the incongruences in healthcare pricing structures, reimbursement mechanisms and collection systems have on the average family in America, Mike saw an opportunity to “have a transformational impact on peoples’ lives” through the products and services offered by Karis. Mike resides in Georgetown, Texas with his wife of over 33 years, Mary Beth. His spare time is devoted to involvement in his church and community service.

With more and more individuals encountering health care questions and concerns with the passing of the Patient Protection and Affordable Care Act, even navigating your corporate or group health plan may seem daunting. Here are some tips for navigating your health care plan and what options may be available to you outside of a traditional group plan.

Topics: Business Operations

What’s Your Employee Leadership IQ?

by Daniel Diner

Business Success Center

Daniel Diener is the Chief Financial Officer of the Business Success Center (BSC), a City of Austin certified green business. It provides sales and financial strategies and advice to owners of product and service businesses. It received a Small Business Administration (SBA) five-star national award and the Austin Business Journal named it a top 20 management consulting firms. Diener is an NCRC Certified Technical Advisor and a speaker on entrepreneurship and other issues. He is also co-creator of the award-winning “City Management Academy”, the “Owners MBA” and the SBA’s monthly marketing workshop. He owned and ran the Entrepreneurs’ Association and ran a business hatchery and accelerator. Along with partner/wife Jan Triplett, Ph.D., he developed the Business Navigation Matrix that maps the business goals from Idea Stage to Transference. They also are authors of the OnCourse Business Assessment™
, OnCourse Business Glossary & Bibliography and Power Processes for Business Success. He is a small business and neighborhood activist. He was a delegate to the White House Conference on Small Business and has served on several boards, including the Governor’s Small Business Advisory Board, Students Involved in Free Enterprise, and the Allandale Neighborhood Association. He is a member of Central Texas Association of Guaranteed Government Lenders and has been active with traditional and alternative funding sources for many years. He is a QuickBooks and Aclivity software partner. For his successful work with small business, the SBA named him its Financial Services Champion of Texas and the five-state region.
Even the biggest “carrot” can’t necessarily motivate staff. You need to find out what will. This picture is of the historical site of the Carrot Campaign, Port Hardy, British Colombia. Canada. It’s a symbol of government road building promises dangled in front of islanders since 1897 according to Wikipedia. (Photo by Diesel Demon http://www.flickr.com/photos/28096801@N05/3933107980/sizes/m/)

Topics: Business Operations, Featured

Healthcare Laws Employers Need to Know

by Mike Martin

The Karis Group

Mike was born, raised and spent a large portion of his professional career as a healthcare CEO in Baton Rouge, Louisiana before moving to Central Texas in 2003. He achieved success as a senior-level executive in several different industries and career paths but most enjoyed those that afford him the opportunity to make a positive impact on peoples lives. The attainment of a Bachelor of Science and Masters in Public Administration degree from Louisiana State University after completing military service was the foundation for Mike’s life-long career of service to others. After serving in the administration of Louisiana Governor David Treen, he began a career in healthcare as the CEO of a regional, non-profit, cancer treatment, research and education center. It was during these years that his passion for the patients led him to champion causes for quality, affordable patient care – regardless of ability to pay. Mike’s experience as a seasoned healthcare executive coupled with a real desire to serve others led him to The Karis Group in January, 2010. Having witnessed the devastation that the incongruences in healthcare pricing structures, reimbursement mechanisms and collection systems have on the average family in America, Mike saw an opportunity to “have a transformational impact on peoples’ lives” through the products and services offered by Karis. Mike resides in Georgetown, Texas with his wife of over 33 years, Mary Beth. His spare time is devoted to involvement in his church and community service.

You can’t turn the page of your favorite news magazine or scroll through any news website without seeing article after article about healthcare and the Patient Protection and Affordable Care Act (PPACA). But, what does this ubiquitous topic mean for you, your family and your small business? Some changes within the PPACA are already active with more adjustments coming in the succeeding years. Below are some key points that small business owners, CFO’s and HR managers should be aware of regarding the PPACA and the changes that will be affecting your company from now through at least 2018.

Topics: Business Operations, Featured, Content Type

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Easy Tips on How to Determine Commercial Office Lease Rates

by Nathan Smith

Austin Tenant Advisors

Nathan Smith is a commercial real estate advisor and owner of Austin Tenant Advisors, a local commercial real estate company that specializes ONLY in representing the best interests of business owners and companies in the search, selection, negotiation, and occupancy of office, retail, and warehouse space. Early on Nathan saw a need for business owners and companies to have the same expert advice as Landlords when it comes to leasing and purchasing commercial properties. In fact, he doesn't want to just level the playing field, he strives to educate and advise them in a way that puts them in a position of strength so that they find the best spaces and negotiate the best deals possible. Nathan graduated from Texas State University and had the opportunity to serve his Country in the Air Force Reserves. Nathan is married to Jennifer and has two children. He is also a die-hard cyclist and runner and has competed in numerous short and long distance triathlons and Ironman competitions.

One of the most frequently asked questions we receive is “What is a gross lease vs. a triple net lease?”

Clients ask us how each of them comes into play when determining the monthly and annual cost of rent. It is an important topic because both of these lease structures differ when it comes to the accounting for operating expenses (property taxes, insurance, and maintenance) of your office building. Here we will discuss and shed some light on Gross Leases versus Triple Net Leases and how they come into play in your commercial lease agreement.

Topics: Business Operations

5 Tips to Remember When Reviewing Your Commercial Lease Agreement

by Jennifer Smith

Austin Tenant Advisors

Jen Smith is the go-to source for smart, savvy Facebook marketing and advertising. Equal parts tech researcher and social media maven, Jen brings over 15 years of online marketing experience to the table, helping her clients connect powerfully with their consumers – and injecting serious know-how into their brand's social presence on Facebook. Jen gives businesses the tools to use Facebook to grow their bottom line and whip their customers into an excited frenzy, while making the Facebook marketing process "like"-able for everyone She is also the owner, along with her husband Nathan, of Austin Tenant Advisors, an Austin commercial real estate firm that specializes in tenant representation. In addition to being an active commercial real estate advisor, Jennifer also brings more than 15 years of marketing and sales experience in the high tech industry to the Austin, TX. 

After living in Austin for 15 years, she is also a self-proclaimed Austinite and loves everything about Austin from shopping to eating at trendy restaurants to catching a live music show.

We’ve all heard the expression that businesses do best when they run like a well-oiled machine, implying that through regular maintenance and review they can maintain optimum performance. For business owners this means keeping a keen eye on all of the working parts to ensure they are meeting your needs. Strangely though, one of the largest financial obligations businesses have goes without annual review, their Commercial Lease Agreement.

Topics: Business Operations, Content Type

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