Many small businesses start life based at the kitchen table or from the box room. Working at home has its advantages – saved costs and no commute to name a couple – but it can also have major drawbacks. It can be hard to stay motivated when there are household distractions, particularly when the children come home or the phone’s ringing off the hook with personal calls. If you need to meet clients, your living room doesn’t scream ‘professional businessperson’ either, so you may even be holding yourself back by not finding your own business premises.
Yet signing the lease for your own office space to rent can be scary. At least if you have already spent some time running your business from home, you will have had the chance to make some profit which you can put towards the running costs of your new office, as well as establishing how well your business is doing in the current marketplace.
Accommodation and labour are two of the biggest financial drains on a business, yet both are usually necessary to ensure its success and growth. Consequently, you should spend some time to research different locations and think about how much space you might need before you sign up for anything. Remember that an empty property always looks bigger than it would with furniture in, and a crowded office is no good for your staff or your customers’ morale.
Location can be one of the most important factors when it comes to choosing your office space. There’s no point choosing prestigious office space in Victoria if you are targeting clients on lower incomes, and likewise city centre Birmingham office space may cause problems if your staff and your clients are all coming by car and would prefer free car parking and less traffic jams over access to public transport. Location will also usually affect costs, so consider what your most important priority is and then go with that.
Expansion has to be a consideration for any and every business. Already if you’re moving from your kitchen to your first office you have been able to expand, so you need to consider if that growth is likely to continue. Serviced offices offer short-term leases and a great amount of flexibility, which make them ideal for first business premises. You won’t have to commit yourself to too much, but at the same time you’ll have the opportunity to allow your office to grow as your business does.
For your first office, you also most probably won’t have any furniture to put into it. Rather than spending all the profit you’ve made so far on some smart-looking desks and office chairs, with a serviced office you’ll have a fully furnished workspace which you can move straight into, so you won’t have an unnecessarily large initial payout to contend with.
Serviced offices make a great option for first business premises, although many established businesses are also choosing them because they are much more suited to the current economic climate.