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Want to start your own business but scared of failing?

Van Nuys Office Space For Lease

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.

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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.

Is a Home Office the Best Idea

Home Office Getting too Crowded

For many new small business owners, a home office makes the most sense. Being able to work from home is an appealing concept for women today. The cost of starting a business is relatively low and women can feel more fulfilled knowing all the hours they put into work are to build their own business instead of someone else’s. More than 60 per cent of people who start a business are now doing so from home. From fashion design, IT and catering through pet care and arts/crafts to accountancy and legal services – you name it – it’s being run as a business from someone’s home. Most cities and towns will allow you to run a business out of your home as long as you meet certain criteria. A major benefit of using your home as your business location is that you won’t waste any time commuting and you won’t incur additional costs to rent an office space. The IRS also offers significant tax deductions for a home office used for your business.

But there is also drawbacks to working out of home. A major drawback of working from home is that you can never truly leave work. Also, many types of businesses aren’t suited to a home location. 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. For some people, the chance to move into commercial premises provides a more professional outlook, greater scope for expansion and the room to accommodate permanent staff.

For some businesses, such as lawyers,accountants, insurance brokers, classes most clients either want, or need, to come in for face-to-face appointments. Other businesses, such as advertising firms, may be able to service their clients while hardly ever meeting them in the flesh. Before you move out your home office, read on to learn about the pros, cons, and factors to consider when moving to a retail space. There will be lifestyle and financial changes to your business if you choose to do so. You probably considered these factors when you decided to start a home-based business, but you will have to consider them again. If you can afford the move and want to expand your business to a larger clientele and higher production rates, then moving to a commercial location will definitely accomplish that goal.

Small is the way to start

Small Office for Lease
Small office in Van Nuys

There are many opportunities for people that want to start their own business now than there was years ago.  During this economic stress landlords that didn’t consider pursuing smaller tenants are now looking to expand their business and are willing to take small tenants.

Large spaces that have now been divided into smaller ones are helping out those people who have thought of starting a new business but were afraid of the commitment to a large space.  The number of small spaces tenants can consider in their searches has increased.

Many people think that when you start a business, leasing office space is not a really important thing because you have that extra room in home you can now use as an office.  Yes, having your business run from your home can save you some money.  But is it really saving you money.

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 flaky business, and more likely to be able to deliver on guarantees.  Which means some potential clients can change their mind about doing business with you.

Another consideration that you may want to think about, particularly if your business is mature, is that 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.

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.

CHOOSING THE RIGHT OFFICE SPACE

VanNuys Offices
Small Office for rent 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.