Launching a start-up can be an exciting and daunting time. From decisions about staffing, finances and branding, choosing an office space can feel like yet another mountain to climb.
If you’re reaching the point where you need to venture into your first office space, there are a few things to consider.
From location and transport links to
Location, location, location
Forget about those areas in the city that you like and that corner office on the 25th floor with panoramic views. If it has no bus route or train station nearby, the likelihood is that you won’t attract the kind of workforce you want.
Consider looking at locations that are one or two stops just outside the centre of the city. Usually these areas can offer a more competitive rate and are still just as commutable as those inner-city spaces.
Think about your budget
From furniture, branding, technology and salaries, budgeting is one of the most important things to consider when choosing your first space. Having a clear budget in place before you start hunting for your dream office is crucial and will prevent you from exchanging contracts on a space that is not feasible for the long term.
Have you thought about a serviced or shared office for your start-up? This will allow you to grow as a business without the higher costs of taking on your own space. They offer different types of contracts, meaning it may be easier to move to a larger office when the time comes for you to expand.
What will your internal requirements be?
Start by making a list of the common things you use daily. If you are an IT business, you may have an abundance of cables and plugs. This will mean purchasing accessories such as floor boxes to keep everything tidy. RS Components offers a wide range of floor boxes in different shapes, sizes and specs as well as a plethora of other accessories and equipment you may need.
Do you use telephones and programs on your computers such as the Microsoft Office suite? Will you need to purchase any additional licences and get contracts with 24/7 support companies who help when systems go down?
With plenty of things to consider when choosing your first office space, make sure you have a clear plan in place when you head out on your hunt.