Choosing the Best Office Space for Your Startup Business
Choosing the best location to set up an office, is a decision that can ultimately make or break a business in its early days and certainly shouldn’t be taken lightly.
So what is a newly-minted founder to do? Fortunately, there are several options available to entrepreneurs, but the key is to find the office most tailored to your specific situation. Do you need a distraction-free workplace or more open, collaborative environments? Do you feel confident in signing a long-term lease or should your company consider a sublease?
You should also consider your brand image carefully when selecting a new office, as it does portray a certain image of your company. There are a number of things that could affect the office space that you choose. Here are some of the most important.
Location is paramount when it comes to choosing office space for your business. When considering different offices, it’s important that you consider the ease of travel to the office location for both clients and employees. If it ticks both these boxes, you’re well on your way to choosing a good workplace.
You should also take into consideration the area around your office and what it has to offer. The more that there is nearby to keep your clients and employees happy such as a gym, places to eat, and shopping opportunities, the better.
Parking is also important – ideally, the office should have its own parking facilities.
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The monthly rental cost of your office space will probably be the most important factor for a startup. With a startup business it is important to keep costs low, so finding an office that fits in with your current budget is essential.
Even if your budget is quite low, you can always upgrade your office when your business is making a higher turnover of profit and is more established. As well as asking about the rental payments, you should also consider any hidden costs, such as parking costs or maintenance costs.
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The size of the office space that you require will depend entirely on the amount of employees that you have and the storage space that you need. Ideally, an office should have seventy square feet worth of space per person, although you may find that your employees will need more space depending on their individual needs or needs regarding storing belongings.
There’s also the issue of meeting rooms and rest space, and you should ensure that the office has a dedicated area where you can meet with clients or conduct job interviews.
If there are no meeting room facilities then you can look for nearby meeting rooms on www.ground5.in, but keep the travel time in mind – travelling to your own meeting room can be time consuming.
Although this may be the least important of the factors mentioned, style should still be taken into consideration when selecting a new office space, especially if you’d like your business to become recognized as a brand.
A stylish office can be a great branding tool, so it’s a good idea to look for an office space where you’ll be allowed to redecorate and change the style to be in line with your brand.
Which factors influenced your choice of office space? Would you like to add any more to this list for other startup business owners to consider? We’d love to hear from you – leave your response in the comments below.
Best of Luck, Keep Growing..
I always try to make articles more useful, so that people can implement these ideas or tips in real life.
I, at Ground 5, selling & negotiating property deals on daily basis, I would be happy to answer your question related to selling a property. Please drop your questions or comments about this article in comment section below.
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