How to Find the Right Space for Your Business
Tips for Your Startup and Office Space
One of the biggest challenges for a young company is finding the right office space in which to start out. We can help you with these tips for your start-up and commercial office space. Many entrepreneurs start out in a home office. But over time, with success, they outgrow that space and need to find a new place to set up and continue to grow. As a young company, the idea of locking into a five or seven-year lease agreement with a landlord can be intimidating. You might not know how much you will grow in six months, let alone six years. The thought of being stuck in a long-term lease can put the brakes on many entrepreneurs’ plans to branch out into a new space.
The key is to find a leased office space that is going to fit best with your needs and expectations. Here are some factors that you need to keep in mind when you begin searching for the new office space for your company.
The last thing you want is to be trapped in a lease that is longer than you need. A small space might be just right for your business today. But what happens in a year when your staff of ten people grows into a team of a hundred? If your plan is to grow your business by that much, then it does not make sense to lock yourself into a lease that does not allow for that growth.
Speak to the landlord about your options.
Do you want an office that has an open concept floor plan? Maybe private offices are more appropriate for your business.
The type of layout you choose has a lot to do with the type of business you have. For instance, creativity-based companies are best suited to an open plan because it helps foster collaboration. Ideas are easily discussed and tossed about between coworkers when there are no walls blocking the way.
However, if you are in a business that relies on privacy, such as a law firm, then having closed offices is a necessity.
Know what you need this office space to provide for you. Do not choose a space that does not fit those needs just because it is right for your budget. You will end up spending more to make the changes you need in order for it to be the right space for your business.
Do you need to have a conference room? Is there a break room or kitchen? Is there only one bathroom? Are there enough electrical outlets for what you need in the space?
You know what your needs are when it comes to a potential office space. Make sure that you are choosing the one that meets those needs. Have a list of what those “must-have” amenities are and have a second list of the things that it will be “nice to have.” Your goal is to find the space that covers more of the things you must have and, with luck, a few of the things that it will be nice to have.