Managing Property Businesses Essay Example | Topics and Well Written Essays - 1500 words - 1

Managing Property Businesses - Essay Example based businesses are easy to operate and have no fuss, than one must think again, yes there are exceptions but one is likely to find same fuss in the service based business as in manufacturing business. A service based business that is going to be discussed is â€Å"property business†, it sounds simple to hear it, but very difficult if all things are kept in mind while planning for a property business, the first impression that might appears after listening â€Å"property business† is perhaps small business, with simple operations though it can be very tough to operate it, the property business should be started keeping in mind following few factors. Property businesses provide pure services to the clients, the dealer performs the role of a middleman or a broker, there is a seller and a buyer, the seller or buyer contacts the dealer and the dealer responds to the seller or buyer on a particular property if available, though it has also been seen that people usually buy properties at their own and than sell it to buyers having buying power, so to get the buyer’s and seller’s attention the Location of the office is important as it should be in clear view to the clients or otherwise you should have done heavy investment in advertising to keep them aware. If the business is relocated than there must be so many reasons for that, one mentioned earlier might be location, the other one may be high overheads and perhaps a threat of bankruptcy, or may be the firm was unable to collect the receivables from clients and thus the firm was in loss, so the firm should reduce its operating costs, may be by eliminating employees, hiring people on commission basis rather than going for fixed salaries and so, it would definitely help the firm to operate itself with in the budget. When the business consists of a lot of dealing than the communication side must be very strong, one can say that in such businesses it is all about to convince or persuade the clients, and let them