News: Front Section
Posted: July 31, 2020
Business operation company evaluation - by Rick Kaplan
We have been going through an evolution in how we work, live and socialize. During this pandemic we have learned a lot about how we have been doing business and how we can change in a short period of time. It is truly amazing that when we need to we can adapt pretty quickly. Once we had our “oh my god what should we do” moment then we all stopped, thought about it and figured it out.
Now that we figured out how to go forward most of us are thinking this isn’t so bad. We have found that a lot of us became more productive giving up the 9-5 attitude. Fortunately new technology has given us the ability to be able to work remotely without missing a beat. Now that we are past the initial shock we are sitting back and figuring out more ways to run leaner and more efficient. A lot of companies have looked at cutting some staffing that really wasn’t needed or not bringing value, cutting back on office space, more people working remotely or two days in the office and three days working remotely. I have also talked with companies who are cutting back on the need to travel to clients. They can see the same results from a Zoom call or other virtual meetings. All of the solutions are improving our bottom line and bringing us into a new world of running a company.
This is all great for some of us but what about retail, restaurants and bars. This is going to be a challenge going forward, yes once this pandemic is over restaurants and bars will be fine. But for now how does this type of business survive the next 5-6 months with limited customers. I am sure some will make it through just fine and others will not but there are always casualties in situations like this. Retail brick & mortar was struggling prior to the pandemic. How they are going to keep going is a mystery, but someone smart, who is a visionary, will figure it out.
What do you think of the current situation let me know rkaplan@nerej.com
Rick Kaplan is the media/marketing director at NEREJ, Norwell, Mass.
Tags:
Front Section
MORE FROM Front Section
Newmark negotiates sale of 10 Liberty Sq. and 12 Post Office Sq.
Boston, MA Newmark has completed the sale of 10 Liberty Sq. and 12 Post Office Sq. Newmark co-head of U.S. Capital Markets Robert Griffin and Boston Capital Markets executive vice chairman Edward Maher, vice chairman Matthew Pullen, executive managing director James Tribble,
.png)
Columns and Thought Leadership
How COVID-19 has impacted office leasing - by Noble Allen and John Sokul
To say that the effects of COVID-19 has transformed office leasing is an understatement. When COVID-19 was at its peak, office spaces were practically abandoned either through governmental mandates or through actions taken by businesses themselves.
Five ways to ruin a Section 1031 Like-Kind Exchange - by Bill Lopriore
While there is some flexibility when structuring a like-kind exchange, some important requirements must be met. A mistake can ruin your exchange. Here are five mistakes to avoid:
Make PR pop by highlighting unique angles - by Stanley Hurwitz
Coming out of the pandemic, a client with three hotels in Provincetown, Mass., needed ways to let the world know his properties were open for business for the 2021 tourist season.
Four tips for a smooth 1031 Exchange - by Bill Lopriore
Many real estate investors do not understand the specific requirements that must be met to secure the benefits of a tax-deferred 1031 exchange. For example, the replacement property must be identified within 45 days of the closing date of the relinquished property.
