Why Should You Invest In Date Reminder Software?
You might now know it, but whether or not you have date reminder software could have a high impact on your business. There are all kinds of important times and dates for you to remember, from domain name renewals and lease renewal dates to option periods.
With everything that goes on in the average day, it can be pretty easy to accidentally miss some of those dates, and missing them could spell disaster. Let’s have a look at some things that really happened to companies that missed important calendar dates of their own.
A national retailer occupying multiple sites had a long term lease on a store around a hundred sixty square meters in a recently improved shopping center. This tenant had been leasing their shop for nearly five years, with a five year option period on the lease.
Option periods are common in retailer lease situations, and this one allowed the tenant to choose to extend their lease for an addition five years. However, this could only happen during a particular window of opportunity, three months before the end of the lease to one month before the end of the lease.
The retailer could have kept their low lease rate in an improved building if they’d paid attention. However, they missed their option and had to pay a much higher rate on the next lease. The only other option was to get out.
Another case involved an international airline that missed its option period and lost more than six hundred fifty square meters of office space on favorable terms. It cost them a lot of money to move their offices and they lost a prime location.
Their ten year lease had a five year option, and was negotiated in a market where tenants had a much more favorable chance. The rent was never to be subject to open market review, and low rates with minimal increases were locked in. However, failing to exercise their option caused the airline to have to move in under three months, in a less favorable market and at a huge cost.
Of course, those are just two examples of the problems you could deal with, even if you’re a well established business. Missing an important deadline could spell disaster, and all kinds of dates have to be remembered, even if they’re far in the future.
That’s where date reminder software can help you. This inexpensive type of program is easy to use and incredibly helpful. Just put the dates into it - as far ahead as you need to - and you’ll be reminded of important information when it’s needed.
That could save your business’s office space, the domain for your website, and many other important features of your business. You’ll save money and can rest easy knowing that you don’t have to worry about it. Just get a high quality date reminder software package and move on to other things.
Anyone who runs a business, no matter how big or small, can be negatively affected by missing important dates. Don’t take this risk. Instead, pick software that’ll help you make sure you have it all taken care of.
Tags: Ethics, Financing, Grants, management, Software, Time Management