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What makes Real Estate Value go up or Down

The factors that affect the value of real estate are generally obvious once they are at work, causing real estate to rise or fall in value. It is important to understand exactly what those factors are and how they can cause the value to move either up or down. The key to success in commercial real estate is to use this knowledge in determining when and what to buy, and how to maximize your profit on a sale. Interestingly, the same factor can cause one property to go up in value while causing another similar property in the same town to go down in value, even if it is just across the street.

Ironically, most of the factors do not just suddenly appear. They are elements that have been in place for years, such as local zoning or building codes. Those and other factors may not be noticed or their real impact not unleashed until the owner of a property attempts to take advantage of what he previously thought was the property’s real value.

By understanding the six factors that affect the value of real estate, you will learn to recognize how to take advantage of a situation when it arises, as well as how and when to avoid potential problems that could diminish the value of a property you are about to purchase.

There are six primary factors that can cause the value of any real estate to rise or fall. They are:

1. Supply and demand

2. Local zoning

3. Changes in infrastructure

4. Economic obsolescence

5. Maintenance procedures

6. Motivation to buy or sell

For a more in depth understanding of the factors affecting commercial real estate, go to www.1northenvirginiarealestate.com.

Small Business Software Solutions



When it comes to small business, it’s never enough that you have the motivation and even the expertise. It’s also not enough that you have the right core staff who can help you manage the different aspects of your enterprise. You also need good small business software, which will allow you to automate your business, speed up the entire business process, and assure more accurate and fresh data that you can utilize.

Choices for Your Business

Today, there are a lot of small business software that you can select from, each having its own distinct functions. However, because of the uniqueness of your enterprise, not all will be useful. You only need to pick those that you think will be highly essential.

To give you some idea, you can start with the following small business software:

CRM Software. This software is important for contact management. You can easily manage information that is related to your customers, such as personal information. You can also easily determine the products and services they have purchased or enquired about, which then provide you data on what sells the most and what doesn’t amongst your line. Furthermore, you can keep track of your marketing campaigns generate reports and much more.

Lead Management System. When you are looking for prospects, you need to have a dependable lead manager. A lot of them are affordable, so you can get hold of them quite easily. The lead management system can help you keep track, score, and prioritize your leads. Also, lead managers can be customized according to the needs of the business and the industry you’re in.

Accounting Software. There are various types of financial applications that you could get for your business, but you may start with the accounting software since you want to determine the actual income and expenses of your business. However, unless you have solid or at least inkling of how accounting works, it would be ideal if you can pick an accounting program that is very easy to use. To know which will suit you it is advised you read online reviews.

E-mail Platforms. E-mail will be one of the best tools your business can have. You can market products and services through it, and you can communicate with your staff. With e-mail, you may want to stick with Microsoft Outlook, but remember that your valuable customer data will be housed in multiple computers and multiple email accounts.

It is important to understand that sometimes less is more. Try to implement the minimum number of solutions as they will require expensive integration to function effectively. If possible look for 1 sales system and 1 accounting system.

7 Ways to Define Your Small Business’s Brand



Defining your small business’s brand enables you to present the most important facts about your business in a compelling story that will help you connect with your target customers.

That’s certainly easier said than done, though – defining a business’s brand can be tough. Entrepreneurs often have a hard time creating a brand definition for their businesses. This can be because they are so because they’re so intimately involved with the business – they work in it day in and day out, and lose track of the bigger picture. Others are so passionate and involved in their mission, that they forget to explain the business to others, assuming that everyone will “get” it intuitively. Whatever the reason, this difficulty can lead to a business that doesn’t communicate clearly, that confuses customers or that just isn’t compelling.

When the going gets tough, the tough get a process

In order create a brand definition that tells your business’s story, you need to define 4 things: who you are (the personality and motivation for your business), what you do, what makes you different from your competition, and your target audience, or the people to whom you’re telling that story.

How do you do that? Here are 7 ways to come up with an interesting, engaging and compelling brand story for your small business – and it won’t be too tough.

1. Capture your thoughts about your business – in writing. If you were writing a novel, it would be important to start with an outline instead of trying to write the narrative straight from your imagination. The same is true for your business. Taking the thoughts and ideas that you have about your business and recording them can help you take the first step towards being both organized and thorough when creating your brand definition. If writing isn’t your thing, try talking about your business into a voice recorder, and then having the recording transcribed; speaking about your business may be more natural than staring down a blank page.

2. Start with the easiest section. Is there one portion of your brand definition that seems easier to articulate than the others? Beginning with something easy and quick can give you the momentum to move through the rest of the process. For example, if you’re really clear on what you do, it can help to get that down first and then to move forward from there.

3. Scrutinize your marketing materials. Read your own website, blog, and marketing materials with a curious and critical eye. What do you say in them that really reflects your thoughts on your business? And, what parts of your marketing materials appeal to your audience? Look to your materials to see what’s working and what you should continue to use. Remove yourself from them as much as possible so that you don’t overlook any subtle messages. And be sure to consider the things that you’ve said a thousand times before – those bits can be the most genuine. Go back over your past marketing materials as well – you can get a lot of valuable information out of your own history.

4. Review others’ thoughts about your business. Go through your customer testimonials, emails, conversation or past feedback, review those to get gems of insight. What do people continually say about you? What comes to you as second-nature, yet still gains you compliments? How do others introduce or refer you? Listen to people who are talking about you – and see if what they’re saying rings true. If you don’t have testimonials yet, this might be a good time to go out and ask for some – they can help you in both your branding and marketing efforts.

5. Sift through questions you’ve received. Customer questions can be a gold mine filled with requests for the types of information that belongs in your brand definition. You’re not looking so much for questions about the logistics of what you do – your delivery, process, contracts, or policies (though bits of these could contribute to your brand definition). More often, you’ll be looking for questions about your beliefs, background and motivation, the answers to which could as a backbone to your story. Questions have the added benefit of coming from your target audience – so you already know what they want to know.

6. Compare yourself to the competition. Read your competitors’ websites, blogs, newsletters, and any other marketing materials you can get your eyeballs on. Seeing what they’re up to, what they talk about and what’s important to them can help you to identify your brand – especially how you’re different from them. Look for their brand stories, and use them as a template – fill your unique information into their overall format. Consider doing some hands-on research as well – purchasing their products or services so that you can experience them (if that’s practical).

7. Ponder where you want your business to go. Your brand definition should be about both what you currently do and what you wish your business will become. You won’t want to create a brand story that you’ll then have to change in a years’ time – or even within a couple of years. Think about the direction you’d like your business to take in the future. If you can’t predict the future, then changing the story won’t be the end of the world – but there’s no harm in trying to create something that will last.