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EP. 1411 Invest in Fit-Outs: Boost Property Value & Skyrocket Business Profits

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Manage episode 480170395 series 3445143
Content provided by Mark Novak, Lisa Novak, Billy Drury, Branka Stankovic, Stevan Bubalo, Cleo Whithear, Bidhan Shrestha, Josh Wapshott and guests, Mark Novak, Lisa Novak, Billy Drury, Branka Stankovic, Stevan Bubalo, Cleo Whithear, Bidhan Shrestha, and Josh Wapshott. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Mark Novak, Lisa Novak, Billy Drury, Branka Stankovic, Stevan Bubalo, Cleo Whithear, Bidhan Shrestha, Josh Wapshott and guests, Mark Novak, Lisa Novak, Billy Drury, Branka Stankovic, Stevan Bubalo, Cleo Whithear, Bidhan Shrestha, and Josh Wapshott or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://staging.podcastplayer.com/legal.

Have you ever wondered why banks and popular food chains constantly update their interiors? It's not random—it's a strategic business decision that directly impacts their bottom line. In this revealing episode, we crack open the world of commercial fit-outs and why they're a non-negotiable aspect of successful business operations that few entrepreneurs adequately prepare for.
When you're moving "bodies in and out of your business all day," wear and tear accumulates faster than most realize. We share why neglecting your space can silently drive customers away, particularly in food service where environmental cues trigger subconscious judgments about quality and cleanliness. From sticky pub tables to cracked tiles harboring mold, these seemingly minor issues quietly sabotage customer confidence.
Successful fit-out strategies aren't about vanity—they're about sustainability. We reveal the startling costs (around $50,000 for a basic refresh of a small shop) and why smart business owners set aside 10-20% of their annual rent for these inevitable expenses. Through real-world examples, we demonstrate how postponing updates often leads to regret, while timely investments create multiple returns: better staff recruitment, increased customer engagement, and stronger social media presence as your space becomes naturally more photogenic.
Whether you're operating a small retail shop or managing commercial properties, this episode offers practical guidance on turning a dreaded expense into a powerful competitive advantage. Don't wait until your business environment starts turning customers away! Subscribe now and discover how proper fit-out planning can transform your business trajectory and customer experience.

  continue reading

Chapters

1. The Importance of Commercial Fit-Outs (00:00:00)

2. Small Business Fit-Out Challenges (00:01:40)

3. Customer Perception and Business Growth (00:03:15)

4. Real Costs of Refreshing Your Space (00:05:15)

5. Budget Planning for Business Longevity (00:07:30)

6. Property Market Confidence and Elections (00:11:20)

1632 episodes

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iconShare
 
Manage episode 480170395 series 3445143
Content provided by Mark Novak, Lisa Novak, Billy Drury, Branka Stankovic, Stevan Bubalo, Cleo Whithear, Bidhan Shrestha, Josh Wapshott and guests, Mark Novak, Lisa Novak, Billy Drury, Branka Stankovic, Stevan Bubalo, Cleo Whithear, Bidhan Shrestha, and Josh Wapshott. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Mark Novak, Lisa Novak, Billy Drury, Branka Stankovic, Stevan Bubalo, Cleo Whithear, Bidhan Shrestha, Josh Wapshott and guests, Mark Novak, Lisa Novak, Billy Drury, Branka Stankovic, Stevan Bubalo, Cleo Whithear, Bidhan Shrestha, and Josh Wapshott or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://staging.podcastplayer.com/legal.

Have you ever wondered why banks and popular food chains constantly update their interiors? It's not random—it's a strategic business decision that directly impacts their bottom line. In this revealing episode, we crack open the world of commercial fit-outs and why they're a non-negotiable aspect of successful business operations that few entrepreneurs adequately prepare for.
When you're moving "bodies in and out of your business all day," wear and tear accumulates faster than most realize. We share why neglecting your space can silently drive customers away, particularly in food service where environmental cues trigger subconscious judgments about quality and cleanliness. From sticky pub tables to cracked tiles harboring mold, these seemingly minor issues quietly sabotage customer confidence.
Successful fit-out strategies aren't about vanity—they're about sustainability. We reveal the startling costs (around $50,000 for a basic refresh of a small shop) and why smart business owners set aside 10-20% of their annual rent for these inevitable expenses. Through real-world examples, we demonstrate how postponing updates often leads to regret, while timely investments create multiple returns: better staff recruitment, increased customer engagement, and stronger social media presence as your space becomes naturally more photogenic.
Whether you're operating a small retail shop or managing commercial properties, this episode offers practical guidance on turning a dreaded expense into a powerful competitive advantage. Don't wait until your business environment starts turning customers away! Subscribe now and discover how proper fit-out planning can transform your business trajectory and customer experience.

  continue reading

Chapters

1. The Importance of Commercial Fit-Outs (00:00:00)

2. Small Business Fit-Out Challenges (00:01:40)

3. Customer Perception and Business Growth (00:03:15)

4. Real Costs of Refreshing Your Space (00:05:15)

5. Budget Planning for Business Longevity (00:07:30)

6. Property Market Confidence and Elections (00:11:20)

1632 episodes

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