One of the great accomplishments in growing a startup from humble beginnings to a fully-fledged business is realizing that you are in a position to start thinking about getting an office space set up. This is a big step to take, but it means that the business is making leaps and bounds to becoming an official organization. There are things that you need to bear in mind before taking the leap.
Understanding the legal implications inside and out is the first step to take. The best advice would be from businesses that you know who have made the move recently. Is setting up an office an essential move for your business? You need to be 100% sure that it is feasible, but also that it will prove beneficial for your businesses. Once you have reached the logical conclusions, you need to get help from a commercial property agent who has a deep understanding of your specific requirements. Upon reviewing the buildings to ascertain if the infrastructure is suitable for the amount of tech you will need to move in, you can start to negotiate leasing terms.
Location is imperative to the success of your business. If you are upscaling your business to include creating new business roles and taking on new employees, you will need to make sure that the place is easily commutable. If you are expecting your business to grow, are you going to be staying in the location for long? And if you are picking a central location, this will need to be factored into the cost, as an industrial estate is cheaper but not as commutable. Your staff needs and your business requirements should be reflected in your choice of location.
After you have settled on a space, it’s time to consider the financial impact it will have on you. Running a business from home meant that utilities and building costs were already factored into your living situation. You will now have to factor in rent, business rates, insurance, the technical costs, as well as the utilities. There are many buildings used for business that offers short-term leases, so you can look at your outgoings on a monthly basis and truly factor in if that office space is suitable for you. Once you have crunched the numbers, you can start to move equipment in. There are installation services available for businesses and can help to make the move a lot less stressful than it needs to be. So instead of trying to rent a van yourself and getting help, you are better off getting a company to do it for you. Once the furniture and equipment have been moved in, all the place needs is a lick of paint and a bit of personalization. Don’t forget the essentials like a water dispenser and items like a fridge!
Moving your business to a new location and setting up an office can seem like a mammoth task, but it is the result of all your hard work up to this point. This is your time for the business to shine, so enjoy it.