Think before an office move
When shopping for any type of product or service, there is always the urge to jump in and buy the first thing you find, and the same can be said when you are searching for a new office space.
Thousands of small firms have made the mistake of being so keen to move into a new office they have signed up to the first contract put before them and lived to regret it. Although it is tempting to get things tied up and move as soon as possible, once the office relocation has happened, companies who have made rash decisions are then stuck with an office which simply isn’t suited to their needs.
Think ahead
Choosing a new office is similar to choosing any other type of property – you wouldn’t go out and buy the first house you set eyes on, so don’t make the same mistake with a new office space. View at least three offices in different locations before you make a decision and make sure that each office offers something different. Throwing in a wild card (an office which you are skeptical of) can turn out to be a really useful exercise and can sometimes even work out as the ideal choice.
Think cost
When you’re considering the cost of an office lease space be aware that although there are certainly some bargains to be had the old saying “you get what you pay for” still rings true. If you are a smaller company about to rent your first office and you have a limited budget, finding a cheap office to rent might initially seem appealing, but there is a huge difference between what is cheap and what will offer you good value for money. An office which is cheap but stops you working productively will certainly not raise your profit margins, but if you’re prepared to pay a little extra cash each month you can benefit from an improved working environment and a more efficient business.
Think longer-term
Avoid choosing an office space that will only serve your short-term needs as this choice could cost you money months down the line. Make sure you have a clear goal about where you want your business to be and the type of office layout that will suit you mid-to-long-term. What seems perfect for your six-month old business right now might not be so accommodating once you’ve hired more staff, so it is well worth choosing an office interior that offers some flexibility should extra space be required.
Make sure you consult with a local Property Agent to help you find an office that's most suited to your needs, and use the Office Space Checklist to evaluate each property you view.
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