How To Find The Right Office Space For Your Business
Although the internet has made things simpler for all of us in many ways, we still need someplace to set our laptops down, and that means a work surface and a decent office chair. Before you dash out and buy furniture, you ought to already know what you're looking for in terms of quality, design and price. The same applies to renting office space too.
Your Seven Most Important Decisions
Fantasy has no space in the business world. Every dollar wastefully expensed is one less dollar in your pocket. Your business accommodation decision should be based on the following key criteria:
For how many hours, days, weeks or years do you need the facility?
What activities are likely to take place there regularly, often or occasionally?
Do these activities require clean power and internet connections?
Are your clients likely to visit you at work?
Is your business portable?
Does the location matter?
Are you concerned about first impressions?
Your First Decision €¦ Where?
Your choice of location is dependent on two things. The first of these is the portability of your business. Can it be any place at all, or is it place bound? After that, the second question is really how much you can afford to pay. The latter is often the deciding factor.
First Impressions
If your brand depends at least in part on the quality of your business premises, then you may need to move up market and pay the price. On the other hand if this is not the case, and your pride can take the knock), you may easily halve the cost of a necessary expense.
Your Next Decision €¦ Can You Afford to Collaborate?
If your requirements vary according to the season or your business cycle, then you may be able to save money by sharing things. These can include splitting the cost of secretarial services, through to alternating on different days of the week.
Technology
Most of us are easily lured into purchasing things we seldom need. These are as far apart as unwanted television channels, to the back seats in motor cars we never use. Be especially careful of "moreover's" in the business facility industry. If you don't need audio-visual conferencing facilities, then there's no point in paying for them "just in case". Rather hire them separately when you do.
Your Third Decision €¦ For How Long?
Long leases and outright purchases can be a two-edged sword. You may save money on a month-to-month basis, yet end up paying considerably more over time. Only you - and the fates - know what it likely to roll out over the years (and only you are in a position to manage your accommodation costs accordingly).
Before You Sign €¦ Re-Think
Business is a gamble at least to some degree, and profit is the reward for taking it. The safest possibility may appear to be a low-cost long tern lease or outright purchase. However your better option may be a more expensive short-term lease - with incentives agreed upfront should you decide to stay on longer.
Your Seven Most Important Decisions
Fantasy has no space in the business world. Every dollar wastefully expensed is one less dollar in your pocket. Your business accommodation decision should be based on the following key criteria:
For how many hours, days, weeks or years do you need the facility?
What activities are likely to take place there regularly, often or occasionally?
Do these activities require clean power and internet connections?
Are your clients likely to visit you at work?
Is your business portable?
Does the location matter?
Are you concerned about first impressions?
Your First Decision €¦ Where?
Your choice of location is dependent on two things. The first of these is the portability of your business. Can it be any place at all, or is it place bound? After that, the second question is really how much you can afford to pay. The latter is often the deciding factor.
First Impressions
If your brand depends at least in part on the quality of your business premises, then you may need to move up market and pay the price. On the other hand if this is not the case, and your pride can take the knock), you may easily halve the cost of a necessary expense.
Your Next Decision €¦ Can You Afford to Collaborate?
If your requirements vary according to the season or your business cycle, then you may be able to save money by sharing things. These can include splitting the cost of secretarial services, through to alternating on different days of the week.
Technology
Most of us are easily lured into purchasing things we seldom need. These are as far apart as unwanted television channels, to the back seats in motor cars we never use. Be especially careful of "moreover's" in the business facility industry. If you don't need audio-visual conferencing facilities, then there's no point in paying for them "just in case". Rather hire them separately when you do.
Your Third Decision €¦ For How Long?
Long leases and outright purchases can be a two-edged sword. You may save money on a month-to-month basis, yet end up paying considerably more over time. Only you - and the fates - know what it likely to roll out over the years (and only you are in a position to manage your accommodation costs accordingly).
Before You Sign €¦ Re-Think
Business is a gamble at least to some degree, and profit is the reward for taking it. The safest possibility may appear to be a low-cost long tern lease or outright purchase. However your better option may be a more expensive short-term lease - with incentives agreed upfront should you decide to stay on longer.