So often when it comes to young start-ups, it’s not about who you know… but, rather, where you are located. Your selected office space and location can mean the difference between success and failure. With this in mind, here are a few top tips for choosing the right office space for your start-up and getting your new business venture up and running in the best possible way.
Pay attention to the layout
Your perfect office layout will depend on the nature and culture of your start-up. Are you running a technology-driven business or a creative company where colleague collaboration is of the utmost importance? If so, then an open plan office space is probably your best bet. However, if you running a law firm or a financial establishment, you will want to ensure that you are able to provide your future clients with maximum privacy and comfort, so a space with plenty of separate offices is a must.
You should also carefully consider when is the best time to seek out office space. If your business is still in its infancy stages and you only have one or two employees, it would make more financial sense to continue working from home until you are ready to expand.
Be careful about long leases
You never know how quickly your start-up is going to grow. So, while you may be a small group now, in six to 12 months, you could have over 30 employees. As a result, you do not want to be tied to a space for a lengthy period of time, as you will run the risk of outgrowing it long before your lease comes to an end and will need to fork out a hefty sum in penalty fees if you opt to look elsewhere regardless.
Do research on location
Carefully consider the problems that your start-up is trying to solve, the people that you are going to be selling to, as well as your competition. Ideally, you will want to settle into a location that allows you easy access to your target market, and within an area where the problem which you are trying to remedy is rife and relevant to the residents. You will also want to make sure that you set up your new office space in an area that is not swarming with your competition. The chances of your target market coming to your business for what they need when they are already used to going elsewhere are very slim.
Read the fine print
As with any contract you sign, it is essential that you read the fine print in your office space lease. Advanced Moving Service, a trusting moving company (Apopka, Florida) advises that there may be binding clauses or hidden costs included in the finer details of your lease which you will definitely want to be aware of before signing on the dotted line. It may be worthwhile to consult with an attorney just so that you can be 100% sure that you understand every aspect of the fine print before proceeding with the agreement.
By keeping the aforementioned tips in mind, you are certain to find a wonderful new office space that will facilitate the growth and progress of your start-up. Onwards and upwards!