Starting up a new business is an exciting thing to do. Much of the time, people begin by running their business in their home. Some may be blessed enough to have the funding for dedicated premises, but often that’s not the case. If you start off working from home, you may soon find that you need somewhere more suitable. Perhaps you want to hire some employees and have them working in the same place. But how can you decide if you’re ready to move into an office space? It could be unnecessary or unaffordable if you were to find somewhere to rent. Think about the factors below before you make your decision.
The Cost. One significant thing to think about is, of course, the cost. You can’t move into your own office if you can’t pay for it. It’s important to consider not just the price of offices for rent, but any other associated costs too. Will there be bills and service charges, for example? There are both short-term and long-term issues to consider. A new office could incur expenses such as furniture and equipment when you first move in. If you have any employees, who perhaps might be working remotely at the moment, will it affect them? There may be a cost to them to get into the office every morning. The same goes for your clients.
Meeting Clients. Meeting clients is something that might make you consider getting your own office. Perhaps you currently meet them in your home, go to them or arrange a neutral location. If you don’t want to use your home or cafes for meetings anymore, an office could be a good option. Maybe you’re a photographer who is considering renting some studio space, or something similar. If you regularly bring clients to your home, a new place will give you the option to separate your personal and business lives more.
Do You Need a Dedicated Space? If you decide you no longer want to work at home, you could think about whether you need a full office. You don’t have to rent a private office when there are other options available. One of them is to choose a co-working space, which you would share with other people. You can hire anything from a single desk to a whole room. They’re good solutions if you don’t need somewhere all the time. If you only need some space for a few hours a week, you don’t need a private office.
Can Your Employees Work Remotely? Depending on your business, you might never need an office at all. An increasing number of companies are using remote working to allow their employees to work from home. It also means you can employ people regardless of their location. If you need a professional address, you can use a virtual address or a PO Box. Anytime you might need to meet a client, you can hire a meeting room for a few hours. It could be possible to keep running your business from home, even as you expand.
Think very carefully about whether you need and can afford an office before you look for one. If you decide it’s the right time, start making plans to get what you want.
Photo by Benjamin Child
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