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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.

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Starting a New Business

Small Office
Choosing whats best for your business

One of the things that makes starting so hard is that there’s so much to do. It’s overwhelming. Van Nuys Offices will help you to organize your thoughts and develop a business plan that puts you on the road to success. One of the main things to think about if you’re running any kind of business is where to have it located. Van Nuys Offices has many different sized offices and with different layouts. If you’re a sole trader, freelancer or someone who doesn’t have any employees then working from home is often seen as the way forward. After all, it can be a cheap and cheerful way of keeping overheads to a minimum.
However, increasingly a large number of people who have a business to run are finding that renting office space from Van Nuys Offices is a great way of pushing their business forward. The process of starting an office is complex and the decisions that you will have to make are critical to the success of your business.
Acquiring too much office space in the wrong location will have a very big impact on your business’s financial stability. Because you will be paying for office space you are not using.  Acquire too little office space and you will have to move after only a short period of time if your business increases. Determining the right amount of office space in the right location will help you to reduce the risk of moving from office to office.
With the flexibility of their leases and the amount of help they that honor their tenants. This makes it a lot easier to get your new business jump-started. Even though the recession continues to rumble on, this has been good for people on the lookout for a place to work as rents are cheap and prime locations are plentiful.

Scared of starting your own business?

 

Start-up Office
Offices for Business that are just starting

People always wonder if this is a good time to start their own business. The fact is, there’s really never a bad time to launch a business. It’s obvious why it’s smart to launch in strong economic times. People have money and are looking for ways to spend it. But launching in tough or uncertain economic times can be just as smart. If you do some research and there’s a high need for the business you’re starting. Because many people are reluctant to launch in tough times, your new business has a better chance of getting noticed. And, depending on your idea, in a down economy there is often equipment (or even entire businesses!) for sale at bargain prices.

When you start a small business you face lots of challenges. In order to improve your chances of beating the odds, what is important is that you educate yourself about business development. Starting and running a business, or any form of self-employment, requires a range of skills and attitudes. It can be very demanding.

It’s important that you understand all the responsibilities you’ll have, and as many of the foreseeable challenges as you can. On the other hand, it’s also important to recognize the rewards of working for yourself and providing a quality product or a needed service to your customers and the community.

Working from home might seem to be cheaper than leasing or renting an office space, but in the current climate with lots of property available, office space rental isn’t the costly exercise you might think it to be. In fact, thanks to the recession, many landlords are simply eager to lease out their dead office space, and so as a result, prices are actually more competitive than ever.

You’ll be surprised at how cost effective this option can be and the extra benefit with renting an office space from Van Nuys Offices with one of their short-term contracts  It also allows convenience and flexibility, which are both essential things when a business is in its fledgling state. Shop around, take a look at the deals – it could be the best thing you’ve done to date.

A Virtual Office

Virtual Offices in Van Nuys
Virtual Office

Is your business on a standstill? Do you feel that if your business had a commercial office your client list can have a chance to grow?  Are you in extreme need of an office space—but not quite prepared for the financial commitment of a full-time office lease? We know that companies sometimes get caught mid-step when growing to the next level. That’s why we developed a new space solution for overcoming this common situation.

Virtual office is gaining immense popularity because of the long list of benefits that come attached with it. With no leasing or building fees, security expenses to be incurred, virtual offices can be really cost-effective. As mentioned earlier, your business can get a prestigious address in one of the major cities across the globe, without the need for you to leave your current location. This can be a great benefit for businesses with a small-budget. A virtual office gives an organization more flexibility and efficiency in its operations. Your business can work with employees spread across the globe. What’s more, you do not have to supervise them.

The best time to go for virtual offices is now. A business that can do without a traditional office space should immediately opt for a virtual office. If you are interested in a virtual office then give us a call and one of our representative will be happy to go over the details of a virtual office http://www.vannuysoffices.com.

Marketing your New Business at Low Cost

Are you looking for ways to market your new small business? Looking for ways to let people know you have open a new business. Whether it’s with established sites such as Google and Facebook, or newer outlets like Pinterest, there are plenty of options available to promote your site.

Create a marketing strategy. Lay out goals for how many consumers you want to reach, define your key audiences and decide how you will time each phase of the promotion. It’s also wise to use a variety of methods.

One of the many great things about marketing a small business is that there are plenty of options to fit any size budget. You can begin by obtaining a domain name for your new brand. On Godaddy.com. you can buy domains for less than $10. If your domain name is not available as a.com, come up with another name. Now that you have your domain. Develop a website using your domain name. This will help people find out information about you and your products / services if they do a search online.
Begin Search Engine Optimization (SEO) to get ever higher rankings for your website. It does you little good to have a website if no one can find it. Hire an economical SEO firm or do it yourself. Google’s Guide to SEO is free, online, and a great starter.

Use social media including a blog, LinkedIn, Facebook and Twitter several times a week. If possible use your own name, not your business name, because social media are personal. Constantly reach out to potential customers or referral sources by following them or asking them to connect.

Tell your family, friends and other associates about your new business and ask them to spread the word to drum up sales. Word of mouth referrals are still the No. 1 marketing medium in the world, and for good reason — people trust their friends’ recommendations.

There are many other ways to market your business and generate new business leads. However, the marketing strategies I mention in this article are effective low- or no-cost options. Use them consistently and watch your sales grow.

Starting a new business is a bold and exciting process! It takes a lot of courage to jump out on one’s own. Sometimes you’re forced by layoff and difficulty finding another job. Or maybe you just decided to make the jump and make your dream come true.  Van Nuys Offices

Starting a New Business

Opening a new business is a process that, by nature, is portrayed by different emotions—excitement, happiness, nervousness and extremely challenging. Many entrepreneurs will spend a lot of time planning their business tactics to the point of feeling overwhelmed and wanting to quit. But they continue because this is a dream they have and if they don’t make a small sacrifice no one will make it for them.

When starting a new business, moving to a new location, opening a new branch or expanding your business, there will be start-up or one-time expenses. Know what these expenses will be. Just understanding the start-up process can make a big difference.
Know what type of business you would like to start and learn all you can about it. Conduct thorough research of potential customers, your trade or industry, your competition, your licensing and tax requirements, location, and name.

Whether you use your own savings or obtain loans, starting a business requires money. The loan process can take months to complete, so start early. Lenders often request a completed business plan prior to approval of funding.
It may seem obvious and simple, but the name is how your business will be known to the world. The right name says a lot about your company. Make a list of potential names choose one that best describes your company in a few words, one that is easy to remember, easy to pronounce and easy to spell. You’ll also need to do research to see if there are a) similar business names and b) similar domain names.

There are definitely other important steps to getting a business off the ground. However, if you’ve taken the steps above, you will find yourself in a confident, business-ready position.

Van Nuys Offices

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Considering a Virtual Office


When a business is in start-up mode, most entrepreneurs are focused on making the most cost-effective decisions so they can get launched and begin marketing. With today’s unstable environment it’s very important for small businesses and startups to look for ways to reduce business overhead costs while still maintaining efficiency. This is crucial when you consider that cutting overheads is one of the easiest ways to increase profits.

Starting your business at home seems to be the easiest and least expensive. But for security and privacy reasons, that doesn’t seem to be the smartest choice. Many times business registration applications are not private. Someone can search the name of your business online and next thing you know your address and contact information is shown to anyone who searches your company name. When you register your business name with the county or buy your business license, these documents require your address and are on public record, too. The last thing you need is for customers, competitors, and just plain crazies to know exactly where you live if they have a deep need to find you at 3am.

You may want to consider a Virtual Office! A Virtual Office is perfect for business owners who need office space and business address but don’t have the money for a regular office. A Virtual office allows business owners to access all the benefits of having a private office space without the cost of opening a traditional office. A Virtual Office will get you a true street address in a known office building and also creates a sense of credibility to the world – for clients, colleagues and competitors.

Don’t shortchange your business by ignoring the significance of a credible business address. When you are ready to rent that Virtual Office contact Van Nuys Offices and they will be ready to help you get your new virtual office running in not time.