Before you think about moving your business to another rented premises, or if you are thinking about moving a business that you started at home, which has now grown to the point that you need to rent office space, it is important to think about your business needs.
Every small business will one day face the decision of whether to buy or lease office space. Home run business, internet entrepreneurs and jewelry design business people will tell you that it’s only so long that you can operate from your garage office and remain productive. At some point you a small business, usually based at a home office, will outgrow the home office and need another place to conduct business.
If you have a list of necessary facilities and requirements, it will be easier to strike of those on the list that do not meet your requirements. You will more than likely have to compromise on some of your ‘wish list’ requirements, but as long as you are not compromising on aspects that are essential to the successful operation of you business then finding an office to rent will be easier.
The advantages of renting an office are that the up front costs are much less than buying. You don’t need to have a huge deposit or take the commitment that buying involves.
Leasing is a great solution, for many reasons small business and mid sized companies choose the leasing option. Leasing available office space allows the business owner to operate in a prime location. Leasing offices are usually located in busy parts of the town. This option also frees up capital for the business owner to spend in other areas of the business. Real estate ownership comes with headaches of its own. On the other hand, leasing available office space leave you open to increases in rent when the lease expires. Leasing does not allow you to increase your equity as you would if you were buying.
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Look at the needs of your business – do you need to be more central to attract people walking past or do you need to be near a motorway for access?
Size of your business – how many people do you have working for you? How many visitors will you have on a daily/weekly basis? You need to think about your employees, customers and any suppliers. You need to calculate the minimum space required so that you don’t make the mistake of renting an office that is too small.
It Is amazing the positive impact of working in the right office can have, people will feel more inspired and will enjoy coming to work more than if you just settle for somewhere that isn’t suitable. Employees will thrive in the right building with the right atmosphere, this is why it is so important to think about your business needs before you even start to look for an office to rent.
Never before has how to rent office space been this quick and easy! Grab all the inside information while there’s still time at office space for rent