Tag Archives: offices for lease

How to Know Your Home Business Needs an Outside Office

small home office
cramped office

It can be complicated in determining when is the right time to move your home-based business to a separate office space in.  Moving too soon can result in overhead that is outside of the current cash flow ability.  Waiting too long may result in loss of customers or jobs. Operating out of the home can be a big plus for many small business owners. By significantly lowering your overhead expense, you can improve your profit margins in good times and reduce your risks if the business cycle heads down. The advantages of moving out of your home office boil down to increased professionalism, more space to work and unlimited growth potential. Of course, with any advantage come a few disadvantages, but nothing that can’t be overcome.

There are a few signs that let you know it’s time to go out and look for an office space.  For example:

Interruptions:        

  • Dogs barking and family members needing your assistance will not only minimize your productivity but can be heard on calls and conferences. While most understand the demands of juggling business and home life, constant interruptions and background noise are not necessarily helpful when you’re trying to project a professional image.

Outgrown Space:

  • Businesses that need a great deal of space or that need bulky equipment are obvious candidates for outside offices. But some businesses that don’t need to be operated from outside offices can benefit from them.   You’re struggling to fit the new printer but you’re struggling because there just isn’t room between your file cabinet and the queen-sized bed that also sits in your office.   Maybe you do need a larger space that can be devoted just to your business.  Piles of equipment or papers that are interfering with either your work or your family life also send a signal that it’s time to consider an outside office.

Space for Clients:

  • When a big portion of your business involves meeting with clients, you may need more than just the local coffee shop. When you want to present to a larger group or need a truly professional meeting space, you’ll need to find something a little more appropriate than a café. One option is to rent office space – you’ll get a set amount of hours in an office, along with access to a conference room.

 

Most  businesses with outside locations tend to be easier to sell and to bring higher prices. For one thing, the new owner doesn’t have to scout out a new location and go to the expense of moving; for another, customers and clients are already accustomed to visiting a particular office and can continue to patronize it despite the new ownership.

Some businesses operate most efficiently when they are located close to customers, suppliers, or certain other facilities or businesses. For example, law offices are often located close to the county courthouse, in part to minimize the time spent running back and forth to court. Also, many customers or clients seem to feel that a business with a permanent address other than someone’s home is less likely to be a fly-by-night operation, and more likely to be able to deliver on guarantees.

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Common Mistakes Made when Renting Office Space

Van Nuys Commercial Real Estate for Rent and Lease – Van Nuys, California

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Mistakes People Do

There are a number of common mistakes made by businesses when they are selecting new office spaces. From new start ups to well existing corporations the mistakes made always seem to be the same ones. If you’re considering renting office space for your business, it’s important that you study the rental process so that when you’re ready for that new office space you have the basic understanding of how it works. These mistakes can cost you and your business a lot of money if you’re not careful, so make sure you are watching out for them as you begin the rental process. Many of these mistakes are common sense and with a little planning are largely avoidable.

Mistake #1:           Not giving yourself enough time

Give yourself enough time to plan the relocation or the opening of your new business. Not giving yourself time to shop around for spaces can result in unnecessary expense. The longer you wait to execute your plan to rent a space, the fewer options you are likely to have in terms of potential premises and this can then result in a loss of negotiating power. Like anything else in life, preparation always pays off in the end, and in this case, it can end up saving you thousands of dollars.

Mistake #2:          Not Planning for an Exit Strategy or the Future

 What happens if you have to leave the space before the end of the lease term? The rate that you negotiated for 3 years might not seem so great if you have to downsize. Negotiating a shorter term lease might have made the rent more expensive in the short run, but limited your downside expense in the longer term. Clauses that allow for subleasing can alleviate risk. What about if your business out grows the space? Can the landlord accommodate your need for additional space without you having to break the lease? This is something really important you need to ask before signing that lease.

 Mistake #3:          Picking the Wrong Location

What may seem like the right location might in fact not be. The choice of the location depends on your business. Is the geographical location ideal for the staff and the business? I have heard business colleagues comment on the fact that their offices are in the wrong place. Ensure that this mistake isn’t made with some thorough research into how the location will impact both the staff and the daily running of the business. Check transport, local traffic spots, the reputation of an area and so on. It’s better to be armed with all the relevant information before committing.

Mistake #4:           Misunderstanding Insurance

Anyone renting office space will need to carry renter’s insurance that will cover their inventory, equipments, files, machines, computers and whatever else is stored in the office space. Make sure that the your Renter’s insurance policy works together with the lease you’re signing otherwise you might not even be fully covered. Some office rental leases will cover certain types of damage, such as those caused by the building itself being in disrepair; others cover absolutely nothing and leave all insurance costs up to the renter. This means that before you buy a renter’s insurance policy, you’ve got to examine your lease paperwork and see what coverage, if any, is offered – and whether you think it’s good enough.

Choosing office space is a crucial decision that can make or break a business so make sure you take your time, get the right advice and shop around to get the best deal possible.

Finding the Perfect Office

SMALL OFFICE SUITE
FOR ONLY $195 A MONTH

Finding the perfect office space is a big deal and Van Nuys Offices  wants to help!  Because your business will have to live with it for the life of a lease, it is important to find the right space and the right lease term.

So, Van Nuys Offices wants to offer some insider tips to help guide your search for the perfect office space.

1.  Do your research on the space before you tour and prepare some questions to ask during your viewing.  Like what amenities are included? Is parking available? Are any amenities included?

2.  Image of the area/building:  The reputation of the local area can have a big impact on the way potential clients see your business. Your staff and visitors will feel safer visiting your office if the area has a good reputation.

3.  Access at night and weekend:  If your staff needs to access the building outside of normal office hours, how easy it is for them to do so. Is there 24 hour access and security? Will you need to implement any extra security measures?

4.  Lease terms; length and breaks:  How long will the lease be for?  If my business doesn’t succeed will there be any penalty if I break the lease?  If the office I rented is too small will I be able to move to a bigger office?

Let Van Nuys Offices put together a customized package that is right for you. Call us today to find out how we can help your business reach its goals faster, more efficiently and within your budget. We worry about the small stuff, so you can concentrate on your business. Our mission is to help you reach your goals.

What to look for when leasing a space?

The best thing to do when you need to lease an office space is to follow this easy steps. Once this is assessed, you want to evaluate how much space you will need to expand once your business becomes successful and can hold more people.
DON’T RUSH GIVE YOURSELF SOME TIME
Give yourself time to find and lease an office space. Finding the right space for you and negotiating the terms of the lease with the landlord can take much longer than expected, sometimes even months. You don’t want to end up unhappy with your lease or your space because of time restraints.
AMOUNT OF SPACE NEEDED:
Your office space should be big enough to accommodate your clients and workers. Make sure that you have enough room to efficiently operate and run your business. For most business starters, a smaller office is recommended, and as they grow their clienteles, changes may be made. Make sure that the office space you are renting is most appropriate for the business that you are going to run.
BUSINESS IMAGE :
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. It might not matter to some businesses what their building looks like, but if you need to impress a steady stream of clients who come to visit you, it might be better to spend a little more looking for a nicer building. For example, a corporate solicitors firm operating from above a nightclub doesn’t give the best first impression.
TERMS:
How long is the lease term? The property owner usually wants you to commit to a longer-term lease. If you are willing to do this, you should receive concessions in the form of free months of rent or help paying for build-out. If you’re looking for something a little more flexible, consider a six month or month-to-month lease. Many standard office spaces will have a one or two year lease. If you’re just starting your business and aren’t quite financially stable, you may want to opt for a shorter lease, which won’t be as financially detrimental if cash gets tight.

It seems like a lot of things to take into consideration, but when you finally do find that perfect space for your business, you can rest assured knowing that you’ve covered all of your bases. Finding a space in which your business can grow and prosper is important, and once you’re settled in, it will be worth all the time and effort. Keep these tips in mind and you should easily find the perfect office suites for your company!
Van Nuys Offices offers office solutions to meet any business’ needs and budget.
Looking at offices for rent? contact us today to schedule a tour of our executive suites and other office space options.

Setting up Your New Office on a Budget

One of the most exciting part of starting up a small business is when it’s time to set up office space at your new business location. You have to purchase furniture, equipment, computers, business machines, supplies (like paper and paper clips), shipping materials, and décor for your office. And we all know that this may be a huge expense. There are ways to keep the expense down if you create a budget and plan your purchases accordingly. Van Nuys Offices.

There are so many second hand stores where you can find great buys on office furniture that are used but look like new. Choose a theme for your office and keep it in line with the type of work you will be conducting. Also check the local newspaper for any businesses that may be closing up as they will be selling off their furniture as well. There is no need to purchase new office furniture during your startup phase. For example, place the printer on top of a file cabinet rather than buying a separate table for it. Van Nuys Offices.

Besides the design of your office and furniture, you also have to start listing the various types of machines and equipment that you need in order to run your business efficiently. For instance, instead of purchasing a fax machine (which range from $100 to $200), keeping a supply of paper for it (between $3 – $5 per ream regularly), and the cost of an extra phone line (between $10-$40 per month), you can just get an online fax program.. You can send and receive faxes for your business and only print the faxes you need, for just $10 per month. Van Nuys Offices.

Now that you have the furniture & equipment you need for your office, it is time to supply it. Buying in bulk is a great way to save money if you have the storage space to keep the excess supplies. I recommend buying the generic brand for these basic office supplies. You will buy them at a lower cost and save a substantial amount of money. Generic products are a great business supply, and they are relatively cheap and inexpensive office products. You will hardly know the difference between them. Van Nuys Offices