Lesson 8.3                                                             Chapter 8
                                                                                 Slide 2
        OBTAIN SPACE AND 
        DESIGN THE 
        PHYSICAL LAYOUT
                              Evaluate leasing versus 
                                  buying space.
GOALS
GOALS
                              Consider the costs and kinds 
                                  of leases.
                              Design the layout for 
                                  different types of 
                                  businesses.
        ENTREPRENEURSHIP: Ideas in Action           © SOUTH-WESTERN PUBLISHING
                                                                               Chapter 8
                                                                                 Slide 3
          Once you choose a location for your 
           business, you will have to lease or buy 
           space.  You will also have to design the 
           physical layout of your place of 
           business.
        ENTREPRENEURSHIP: Ideas in Action           © SOUTH-WESTERN PUBLISHING
                                                                               Chapter 8
                                                                                 Slide 4
        LEASE OR BUY SPACE
        In a lease, there is a tenant and a 
           landlord.
             Tenant- pays rent to occupy the space
             Landlord- owns and rents out buildings or 
               space.
        ENTREPRENEURSHIP: Ideas in Action           © SOUTH-WESTERN PUBLISHING
                                                                               Chapter 8
                                                                                 Slide 5
        LEASE OR BUY SPACE
        3 kinds of commercial leases
             Gross lease
             Net lease
             Percentage lease
        ENTREPRENEURSHIP: Ideas in Action           © SOUTH-WESTERN PUBLISHING
                                                                               Chapter 8
                                                                                 Slide 6
        Gross lease
        Tenant pays rent each month; landlord 
           covers all property expenses.
        Expenses include: property taxes, 
           insurance, and building maintenance
        ENTREPRENEURSHIP: Ideas in Action           © SOUTH-WESTERN PUBLISHING