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Tag Archives: Phil Hardwick

HARDWICK — Commercial real estate leases — pros and cons

There are three basic categories of commercial real estate leases. In this column we will explore the pros and cons of each to help you decide which one is right for you and your business. Let’s begin by pointing out that a lease is a contract. In general, all contacts involving the sale of real estate or contracts that take ...

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PHIL HARDWICK: Are Mississippians stuck or mobile?

Just over 75 percent of all Mississippi residents were born in Mississippi. That is the sixth-highest percentage in the United States. That number reveals some good things and some not-so-good-things about the Magnolia State. One obvious good thing about that number is that it indicates that residents are apparently satisfied with living here. Even though the state is rural there ...

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HARDWICK — The only thing there is that’s left to sell

“The only things left to sell are convenience and an experience.” I heard those words over 10 years ago at a conference about future trends. The idea fascinated me so I’ve been observing the market, especially the retail market, to determine if the concept played out. It turns out that there are plenty of examples to support the statement. From ...

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HARDWICK: What to do about abandoned, rundown properties in your town

By Phil Hardwick Abandoned, rundown properties are a challenge to neighbors, the local government and the community at large. Dealing with them is a complicated issue, but there are strategies that can be employed to deal with the situation. Detroit’s current housing situation is certainly the poster city for urban blight. A picture of an overgrown lot with a burned-out ...

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HARDWICK: Tipping still not an exact science

Tipping, a $40-billion item in the U.S. economy, is a subject about which there is no universal agreement. Although there are guidelines written about in numerous articles, it seems that the issue is getting more confusing. Some businesses have a policy against tipping. Some even say that tipping should be banned. To illustrate the wide range of views and opinions ...

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HARDWICK: It’s all about the jobs

“As I said in my inaugural address, my first job is to make sure every Mississippian has a job.” — Gov. Phil Bryant State of the State Address — Jan. 24, 2012   “So we should be doing everything we can as a country to create more good jobs that pay good wages. Period.” — President Barack Obama Remarks at ...

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HARDWICK: Creating effective slogans, mottos and taglines

What’s in a name? Or what’s in a slogan, motto or tagline? The answer is that it is quite a lot if the goal is to increase sales or make the organization more memorable. Slogans and mottos serve to immediately describe an organization without having to go to the “About Us” or “Mission Statement” section of a website. For example, ...

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HARDWICK: Making decisions close to the customer

One of the biggest challenges for big business is establishing policies and procedures for employees who deal directly with customers. The best companies seem to have mastered the concept of “making decisions close to the customer.” My recent experiences with two well- known companies illustrate the challenges of how much authority an employee has when dealing with a customer. The ...

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HARDWICK: Measuring economic development incentives not as easy as it sounds

Why do we measure things? Because it’s how we keep score. Whether it’s touchdowns, runs batted in, number of years married, interest on a certificate of deposit, length of a symphony or grades in schools. Measurements provide relativism. They allow us to study things, to learn, to compare and to critique. Lately there has been a lot written about economic ...

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HARDWICK: Choosing the best lease as an entrepreneur

Whether you are a one person entrepreneur or the vice president of real estate for a national retail chain it is important to understand the basics of leasing, and the more common types of leases. In general, commercial and retail leases can be classified as a gross lease, a net lease or a percentage lease. Choosing the right one can ...

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