If you have finally taken that big leap you’ve been dreaming about for years and have ventured into running your own business; then congratulations are in order! You are one of the few who have followed their dreams – and although the road may look challenging at times, with hard work and the right strategy, you can do it. And the first strategy to think about would be the location of your office. The location of your office is one of the most important aspects to consider because it may very well make – or break – your business. You would need a quiet, private space to make your own, but at the same time, you can’t make it too quiet, or you’ll have difficulty reaching out to the right market. So what other aspects should you think about when selecting your office location? Here are the main factors to consider.
Decide which kind of space
You must first decide what office space would do it for you and what you can move into. You have two choices: whether to go for an office lease or opt for a co-working space. As you may already know, traditional leases are expensive, and you will have to equip the office with chairs, workstations, computers, and the like. Meanwhile, a co-working space is less demanding on the budget, but you will not have your private space; you must share it with others.
But there is a solution between these two: the serviced office. With this solution, you have the advantage of your own private space, which you can personalise and decorate how you want, which comes with Broadband and telephone lines, but without the high price. It’s an all-in-one solution that lets you have a prime location without breaking the bank – and there is a vast selection of business units to rent in areas like Manchester, London, and the like.
Look at the hidden fees
You also have to think about the hidden fees or costs of moving into an office – and the list could include anything from office furniture and equipment to monthly charges such as utility bills, petty cash needs, and so on. You will also need to factor in maintenance and cleaning expenses – you can’t very well have a messy office! But this is where serviced offices come in handy once again – with a serviced office, some services are already included in the monthly fee, such as cleaning and maintenance, on-site parking, Internet and telephone connections, electricity, and more. Moreover, you can benefit from additional services such as a manned reception area, business and administrative support, and meeting rooms, which you can rent by the hour!
A word of advice: read the contract thoroughly before signing anything, and make sure the costs are broken down so you can clearly see what’s what.
Consider the image of your brand
Another thing you may want to consider is your brand image. It may not seem like such a big deal, especially if you are just starting, but it will count for a lot with your clients. As your business grows, you wouldn’t want to be in a location that spells ‘decrepit’ at every turn. Instead, you would want to be in a prime area with plenty of nearby conveniences, such as restaurants, cafes, and public transport.