Renting Office Space for Business Start Ups
Leasing Offices for Business Start Ups
Many start ups work from home in the early stages of the business, but as the business grows and workload increases, you’ll need to explore the options of renting an office. Most start ups don’t need a lot of space but there are still a number of issues that you will need to consider to work out what office space solution is best for you. There are many options available for start-ups, and depending on where you are with your Business Plan will determine exactly what type of office space is best for you. It’s important that you consider all the options that are available to you and decide which one fits your budget and your operational requirements.
Serviced Office
A serviced office is an office that is fully equipped with office furniture, internet connection, phone system and common facilities such as meeting rooms, video conferencing and a fully equipped kitchen area. A serviced office can be a cost effective option for business start ups as you will not be tied into a long lease, and they require little preparation on your part, in terms of setting up and IT infrastructure. You can literally just plug in your computer and you’re up and running.
Shared Office
A shared office, or sub leasing an office with another company offers low overheads and minimum set up; allowing you to expand your business start up cost effectively and quickly. It can also offer great networking opportunities and provide you with an instant buzzing environment from which to work from. Shared offices are a great alternative to leasing conventional office space, as they provide greater flexibility for start up businesses with shorter rental terms and low overheads.
Leasing conventional office
For start up businesses that are experiencing fast-growth, leasing conventional office space may be the most sensible option; giving you the facilities and independence you need that come with leasing your own office. However, it is a huge commitment, and business start ups in this position need to explore all their options and get the right professional advice from a property agent and commercial property solicitor to help find the ideal space with the lease terms that best suit the individual needs of the business.
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