So, your small startup is growing, and you think it is time to make the move from home office to commercial office space. Your team may be outgrowing the small space, or you may need more room to meet clients. Either way, it is time to branch out and move into your first real office. What are the main mistakes to avoid when seeking commercial office space for rent?
Choosing an Office Space that is Too Costly
One of the main reasons that entrepreneurs decide to go from their home office into an office space to rent in Wellington is so that they can have a place to meet with clients. Of course, you would naturally want that space to be impressive. What you don’t want, however, is to go so far in trying to impress that you spend more money on a commercial space for lease than your budget will allow. While a huge office with expensive décor and lots of private offices may look impressive, it may be too much of a drain on your expenses. It is important not to let the cost of renting your office space cut into your budget so much that it could have an adverse effect on other business costs, such as payroll, equipment costs, utilities, and more.
Making the Issue of Cost Too Important
While we have shown that the cost of commercial rental space is important when choosing a location for your business office, it is also important to make sure not to put so much importance on the cost that you don’t get what you need. As Sweeten Stories points out, focusing only on the cost of office space and not on what your business actually needs can also be costly to your profit margin. Having a good location, great amenities, and a clean, nice environment can be priceless in the business world, both for attracting clients, and attracting and keeping fresh talent. While you do not want to go overboard on pricing, you do want to make sure that your choice of rental space for an office is going to be good for productivity and profit.
Forgetting to Include Room to Grow
When choosing an office space for your small business, it is also vital to remember that you will need room to grow. It probably seems like yesterday that you decided to start your own business and created your home office but look at how quickly you outgrew that space. You will likely outgrow your current needs just as fast. That is why it is so important to consider growth when you decide to look for a small office for lease.
Shared Office Space Rules!
One of the best choices that you could make for your startup’s first commercial office is to lease a shared office space. With a shared office or coworking space, you can choose an office space that has all of the amenities, equipment, location, and room to grow that you need without having to go over budget. Shared office spaces such as Offix offer utilities, high-speed internet, cleaning services, private offices, video conference rooms, and plenty of other bonuses all for a fraction of the cost of a renting a traditional office space.