How Can I Reduce the Expense of Opening a New Office?
Bret Lamperes, president of Dandelion Moving & Storage, in Fort Collins, Colo., cut costs by teaming up with a company in a complementary business. Dandelion, which had $850,000 in sales in its last fiscal year, was on a tight budget when it expanded into nearby Greeley, Colo. "It was at a weird time - the middle of winter - which is really a slow season," Lamperes says. "But we wanted to establish a presence and get ready for the summer." So he worked out a temporary space-sharing deal with a local company that provides a type of storage that Dandelion doesn't offer. In return for five months of free office space, Dandelion agreed to refer business to the other company.