In general, owning of land and building are major aspects to consider in putting-up a business for Leasing of Commercial or Residential Units. Do you still consider Leasing of Commercial or Residential Units as investment for your family in the future?
I have read books of different authors with regards of business plans and implementations. A Feasibility Study is important for investors and business owners in order for them to analyze and to know the important factors to consider in putting up of a business.
Aside of identifying the capital and financial aspects, you may have to consider the location, geography, target customers, building plan, security concerns and other factors to consider of a successful business.
At the end of the day, after you have established and ready to operate of your business either Leasing of Commercial or Residential Units, Financial and Tax Planning are factors that you’ll consider of the daily, weekly or monthly operations of your business. Reading books and regulations or hiring or seeking advice to consultants are options to consider of a successful financial and tax aspects in a successful business.