The main concern for anyone setting up a new
business should be the financial savings how can you as a new business owner,
get the best bang for your buck? Successful business owners will tell you that
the more cost savings they were able to make through various decisions and
concessions, the more money they had available to invest revenue into other
important areas of their business, allowing their businesses to grow at a
faster rate. Choosing the correct office for your new start-up is
critically important, as you must have a suitable location to operate from.
There are numerous commercial properties available for business owners.
Below I have listed some
of the key considerations when choosing commercial office space:
How accessible is the
office?
The ideal office space
should be accessible to everyone that will need to use it. There are a number
of laws in place to protect the rights of disabled customers and employees and
these laws may require your business to make amendments to the office space if
they aren’t already in place. Before choosing to buy or rent an office space,
remember what the various requirements are and if the office meets them. If
not, you should take a look at what needs to be changed and consider the
financial implications involved with the improvements.
Consider shared office
space
If working from home
doesn’t satisfy your business requirement or you need to work outside of your
home, then a shared office space is a fantastic way to obtain the space you
need at a significantly lower monthly price. Share office space will not be
suitable for every type of business, but if you are starting a business where
you will require an office environment that is suitable for talking with
clients or operating from, then this might be the perfect solution for your new
business.
Location, location,
location
When deciding on the
best commercial property for your new business, consider the needs of your
staff members, both current and future. Will the location be easy to access
without a significant amount of traffic? Is there adequate parking? Is there
adequate public transportation?
Are there competitors
close by?
As a new startup you
will need every bit of business you can get, are there competitors located
nearby? Will they pose a threat to your business?
Is the office secure?
Security is one of the
most important aspects of choosing an office space. The security of data and
physical items such as computers and printers should be at the top of every
business owners concerns. Any office that you consider should provide your
business with adequate levels of security.
Is there room for future
expansion?
When searching for a
commercial office for your business, you should take into consideration your
business needs for the future. While you may not be able to predict the fate of
your business, will the office that you are considering have adequate space if
your business expands? Or would you need to switch locations in order to grow?
Is it financially
viable?
For most business
owners, choosing office space all boils down to their financial budget, once
you have set your budget and decided how much you would like to spend, you will
then be able to identify the types of commercial properties that are available for
your money.
Financial
considerations:
- What are the
standard rental costs?
- Could the rental
costs increase in the near future?
- How much deposit is
required?
- Cost of utility
bills
- Will you be
responsible for maintenance costs?
- What are the
service charges?
Author Bio:
This is a guest post by
David at Quayside Estates Commercial Property Specialists, Quayside provide a number of bespoke property solutions to
businesses throughout Pembrokeshire and West Wales.