Question
Upon graduation, Omar and three of his friends decided to launch a management consulting firm in Kingston, Ontario. All four had been outstanding students in
Upon graduation, Omar and three of his friends decided to launch a management consulting firm in Kingston, Ontario. All four had been outstanding students in their undergraduate business programs and believed they could be successful despite their limited experience. A supportive professor had introduced them to their first client. The initial engagement went well, and referrals quickly produced additional business. The four decided it was time to move from the temporary office space they had been renting. Purchasing real estate at what was still an early stage in the venture's evolution did not seem to them to be prudent. Instead, they decided to investigate leasing office space in a new building close to the city's downtown area.
a. What are two benefits of commercial leases for Omar's business?
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