Tag Archives: dreams and desires

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.

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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.

Finding the Perfect Office Space at the Perfect Price

Small offices, in van nuys
Perfect Office

Finding the perfect office, in the perfect location, and at the perfect price can be time consuming and can also have a huge impact on your business.  It is an exciting time in the growth of any business whether it is a new start-up or an expanding company looking for improved premises. Fortunately, with the large quantity of offices available  on the market, combined with the multitude of fantastic resources that allow for easy searching, ‘finding any office space’ can now be transformed into “finding the perfect office space”.

The office you choose will be one thing you will need to consider but what kind of businesses that surrounds that office is what really is important.  However, location is important even if you are not looking to pick up passing clients because we all want to give off the right impression to our clients and visitors. Whether a business wants to enjoy a remote location or be in the heart of a vibrant city, location is of great importance.

First impressions are made in the first ten seconds of meeting someone. This is also true when it comes to walking into a building. Business premises need to always look professional, clean and organized otherwise clients might get the wrong idea if things appear to be disorderly and untidy.

Instead of jumping in feet first and taking the first available office space, businesses should to take their time as the right location can make or break a business.  It is easy to feel overwhelmed and emotional when trying to figure out where you are going to spend all of your time and a lot of your money. When you know what you want, it’s too easy to jump over important steps in the search process and land yourself with a space that looked great at first, but fails to meet your needs.

After you have found the perfect office you will need the perfect price to go with it. Many tenants fall into the trap of believing that since they have signed a long term lease they are locked in. Let me tell you if you haven’t already heard, everything is negotiable, especially in this market we are experiencing now. Landlords are desperate for tenants and they’ll do anything to keep from losing an existing one.

The key to negotiating a better lease is to find other office space for lease. . You have to know what other options are available to you and what the rates, sizes, amenities, access and availability are for comparison before negotiating.

Look at the cost of the lease, and determine whether it is a total cost for the property or if it is on a per-square-foot basis. If the cost is per square foot, inspect the property to see if it has space you can’t use, and ask that the landlord removed it from the cost calculation. Check for any clause concerning rent escalation over the course of the lease. Ask that landlord add an escalation clause to prevent unexpected increases.

Why do people start businesses?

Success
New Business Success

Due to the bad economy and not a lot of jobs out there, people are now taking the opportunity to build a business and develop a clientele.  A lot of individuals take the plunge and take advantage of the many opportunities and resources available when starting your own business.

Starting your own business gives you the opportunity to follow a dream or interest. Pursing a passion as a career by starting a business can increase your motivation to work and overall job satisfaction.

Many people like the idea of not being restricted by the rules and regulations of a job. When you have your own business, you set your own hours and come and go as you please. Initially, many owners may need to work more hours per day than a standard job. But when the business is established, they may be able to take time off and hire help to run the business.

To better understand why people start their own business, we asked many new business owners what motivated them to start it.

69% Of them answered “Be my own boss”
20% Of them answered “Follow a dream”

11% Of them answered “For Financial Stability”

It’s interesting that the desire not to have a boss is the primary motivator of entrepreneurs because “being one’s own boss” appears to be the prime source of entrepreneurs’ job satisfaction.

While there are many answers to the question why start a business, the best answer is the one that motivates you to take action. If you encounter any obstacles along the way, reminding yourself why you became a business owner in the first place can help you regain your focus and enthusiasm. The rewards of starting and operating a successful business are unparalleled in the world of work so start brainstorming and come up with your own answers.

Choosing the Right Office Space

Small Office for Lease
Small office in Van Nuys

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.

Van Nuys Virtual Offices

cloud office

 

Virtual offices are used by people and companies who need to present themselves from a high quality business location but don’t actually need to physically work from that location. This primarily applies to home workers, freelancers, business start-ups, small businesses and companies expanding into new markets. Sometimes you want to start your own business and need to save cash. Or maybe you want to test the waters of the business world before you sign a lease for an office space. Those are some of the reasons a virtual office is used.

When you apply for a loan there are certain things lenders look for to determine your business fundability. Many times lenders will check your address to make sure you are in a commercial location.

When you rent a virtual office you don’t have to worry about buying furniture or setting up the office. You will have your own mailbox so that people don’t believe someone is just forwarding your mail somewhere. No long term contracts. Your clients need never know that you are really working out of a home office…and may not even live in the prestigious Van Nuys area, or the United States. Contact us for a customized quote to see how using a Van Nuys Virtual Office can allow you to work virtually and improve your business.