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Showing posts with the label profit maximization

Tenancy 101: Five Characteristics of a Good Tenant

“Making the landlord and the tenant the same person has certain advantages, as the tenant pays no  rent, while the landlord does a little work.” –Gilbert K. Chesterton Property management is one of the lucrative avenues to make a stable profit. One of the myriad of options many investors choose to delve into is the tenancy, an aspect in real estate investment that yields the most revenue—provided that it is executed well. Success in tenure is usually determined by a multitude of aspects. Some of the considerations would include choosing a property in a premier location that is in proximity to offices, school districts, and entertainment hubs. Apart from that, you also need to ensure that you treat the property well and set a profitable rental rate that would allow you to leverage the competition at the same time. However, to be a successful landlord, you would also need the cooperation of a good tenant. Indeed, finding a good tenant is a dime a dozen, but more often than not, t...

How To Implement the 5S Philosophy in the Workplace

Photo taken by Arshad Pooloo Companies believe in streamlining their workflow and production by implementing the 5S philosophy in the workplace. This philosophy started in Japan's catalyst for industrial revolution, Toyota . The company wanted to simplify its manufacturing process by trimming the unnecessary. To do this, the working area must be tidy and its items sorted based on the frequency of use. Thus, there will be a linear production process and orderly system of accomplishing a task. Elimination of wastes and irrelevant tools in production also minimizes costs and uncovers problems in an office space for lease in Makati . Getting rid of stuff to clear spaces in the first step to improvement as it makes underlying problems visible. Uncovering the issues at work is simple when you follow the 5S philosophy. What is 5S? Sakichi Toyoda's 5S stands for five Japanese words - seiri , seiton , seiso , seiketsu , and shitsuke . These words comprise the process of simplify...