An Advantage of Moving to A Traditional Office

There are plenty of great reasons to set up a home office. One of the perks of working from home is being able to take breaks when you want to, spend time with family, etc. However, this can quickly eat up your day without you realizing it. There’s nothing worse than picking up the phone with an important client and having a knock on your door or your child ask for something.

But as your business expands, you might begin to feel a little cramped in your home office. If, for instance, your “office” is little more than a desk packed into one corner of your living room, then it won’t be long before your freelance life—printers, paperwork, contracts, and file cabinets—begins to invade your personal space.

That’s when you know it’s time to go out and look for a small office space for lease. Establishing an office that runs efficiently requires accurate calculations of the space needed and what is affordable.

There is credibility that comes from an office with a business sounding address. For example, you nothing about two consulting firms. You only know that one consulting firm everybody worked out of their homes and the other firm had an office in the building next to the courthouse, you were a serious buyer of consulting services, from which consulting firm would you purchase consulting services?

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Choosing the Right Office Space

van nuys office
small van nuys office
Finding the perfect office, in the perfect location, can have a huge impact on your business. With the average length of a commercial property lease at 5-10 years, finding the perfect space is crucial; nobody wants to be stuck in the wrong office for any amount of time, let alone 10 years!

The right office space can make or break a business. It’s not easy to find the perfect premises, especially if your experience is limited. The key factor is to take the time and don’t settle for the first one you think is perfect. Because remember, your business will have to live with it for the life of a lease.
Give yourself some time don’t rush into a lease. Though the economy is in a state that there are plenty of office spaces around, you’ll still find that the perfect office space is hard to find. But, due to the recession, landlords now have cut their lease lengths to at least a year. Making things much easier for you.

The best thing to do when you think you have found the perfect place is to determine how much space you really need. Once you have calculated this , you want to evaluate how much space you will need to expand once your business becomes successful and can hold more people. Paying too much for an office space could affect profits; paying a small amount for inefficient space is also a waste of money.

How to Save Money When Renting Office Space

small home office
cramped office

There comes a time when that basement or spare bedroom you’ve converted into an office just doesn’t cut it anymore. You need a real office space — a place where you can meet clients without your small toddler crying in the background, a place where your filing cabinet doesn’t double as a table for the microwave.

And unless your business is picking up pretty good then you probably don’t have that extra money to rent an office space.  However, there are a few things you can do to help you save money without feeling like you’re cutting too many corners.  Here are some tips to help you get started:

I.      DO THE LEGWORK YOURSELF

Hiring the help of an agent may seem like the correct thing to do.  But hiring an agent means there’s going to be fees to pay. So in order to save some money you might want to go solo on your office search. You’ll find it easier to find the perfect space, after all you’re the one who knows more about your business.

2.     HOW MUCH SPACE DO I NEED?

Before you go out looking for an office space, you need to stop and calculate how much space you will need.  You don’t want to end up renting a 10,000 square feet office when you only really needed 7,000 square feet.  Which would mean, you will be paying every month for and extra 3,000 square feet of office that you don’t really need and aren’t really using.

3.      FURNISHING THE OFFICE

With the great list of used and refurbished office furniture available today, purchasing new is most often a waste of money.  Don’t go buying new furniture when there is many thrift shops or classified ads that have office furniture that is in very good condition and for a very good price.

4.      PREMISES TO MATCH YOUR TYPE OF BUSINESS

        Don’t underestimate the value of appearances. How your office looks can have a huge impact on business & investor relations so it is crucial that the premises you choose match with the image you want for your business.

5.     NOT CONSIDERING FUTURE NEEDS

        Renting office space can be risky because it may be difficult to predict your future business needs. Renting the proper amount of space, in a location that suits the business, is sometimes a great risk you will be taking. The property owner does not share in your risk-taking, and it won’t be the landlord’s problem if the office turns out not to suit your needs. If you signed a contract, it’s your space until the lease terminates.

I Want to Start My Own Business

start a new business
I want to start my own business

There is real opportunity to start a business today because many, many businesses that existed prior to the recent recession have closed their doors and left wide range of  parts of market with little choice . Many long-standing client relationships have also disappeared. More than anything else right now, consumers and businesses want the lowest cost, period! This presents a great opportunity for entrepreneurs who want to position themselves in the marketplace as the lowest-cost provider.

But before your jump into this roller coaster ask yourself a few questions…

1.  What kind of business will I begin?

Do what you love to do.  Businesses don’t just happen. They are made. Most people do the mistake in opening a business they know nothing of.   Your success relies on what you bring to the business. If you love what you do then chances are your business will be successful.  Don’t be tempted to start a retail store just because you find a cute, affordable space.

2.    Where will I get the money to start my business?

Start up business funding and start up business grants are hard to come by. Ensuring you have the funds necessary to stay viable past the first few months, when business will be at its toughest, is extremely important.  If the only problem you have is a momentary lack of funds, and you have a decent credit rating, speak to your bank about a business loan.

3.  Do you know how to run a business?

Running a business takes different skills than practicing what you know or love.  If you don’t have an idea on how to run a business, then start today learning how to do it, or find a friend that has same knowledge on this and can give you some advice.

4.  Do I need a business plan?

Yes in fact many businesses that go under is because they didn’t have a business plan before they started.  Creating a real business plan is hard work and a pain. But it is hard work that will be rewarded. It forces you to think past rationalizations that we all tend to make and come up with something real and doable.

5.  Will my business need an office?

If you are on a tight budget and are unsure exactly how long it will take for profits to flow in at a strong level on a regular basis, consider starting a business with a home office.  New businesses die every day and many suffer a premature death simply because the new owner ran out of money.

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