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It's true - having or not having date reminder software could seriously impact your business. There are all kinds of dates to remember, from domain name and lease renewals to option periods, and they're easy to forget.
It can be easy to accidentally miss them with everything that's going on, though, and that could spell disaster. Let's take a look at some occurrences that have already happened because companies missed important dates in their calendars.
A national retailer with a number of sites had a long term lease on a store of around a hundred sixty square meters in a suburban shopping complex that had recently been sold and improved. This tenant had leased their shop for nearly five years, and had a five year option period on their lease.
That option period, common in lease situations for retailers, said that the tenant could choose to extend the lease for five more years during a given window of opportunity - starting three months before the lease expired and ending one month before.
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 with five year option was negotiated when tenants had a favorable market, with the clause that the rent would never be subject to an open market review, locking in low rent rates. However, by failing to exercise the option, they had to move in just three months, in a much less favorable market and at an incredible 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.
This is why date reminder software could be an incredible help. It's an inexpensive program that's easy to use. Just put your dates in to be reminded when you need to act.
That could be the thing that saves the office space, website domain, or business deal your company has been banking on. You'll save money, and you won't have to worry. A high quality date reminder software package is the perfect solution.
If you own a business, you need to make sure you don't miss important dates. No matter how large or small you are, you can't afford it. Pick software that'll help you make sure you don't miss a thing.
It can be easy to accidentally miss them with everything that's going on, though, and that could spell disaster. Let's take a look at some occurrences that have already happened because companies missed important dates in their calendars.
A national retailer with a number of sites had a long term lease on a store of around a hundred sixty square meters in a suburban shopping complex that had recently been sold and improved. This tenant had leased their shop for nearly five years, and had a five year option period on their lease.
That option period, common in lease situations for retailers, said that the tenant could choose to extend the lease for five more years during a given window of opportunity - starting three months before the lease expired and ending one month before.
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 with five year option was negotiated when tenants had a favorable market, with the clause that the rent would never be subject to an open market review, locking in low rent rates. However, by failing to exercise the option, they had to move in just three months, in a much less favorable market and at an incredible 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.
This is why date reminder software could be an incredible help. It's an inexpensive program that's easy to use. Just put your dates in to be reminded when you need to act.
That could be the thing that saves the office space, website domain, or business deal your company has been banking on. You'll save money, and you won't have to worry. A high quality date reminder software package is the perfect solution.
If you own a business, you need to make sure you don't miss important dates. No matter how large or small you are, you can't afford it. Pick software that'll help you make sure you don't miss a thing.
About the Author:
Tis Time offers date manager and reminder software to keep you aware of looming dates ahead.
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