Every startup owner has a number of challenges to face and decisions to make. One of those is definitely the office space for your future business. It may seem less important that other issues, but that is really not the case. The truth is that the right office space can take your business to the next level. To help you choose wisely, we’ve prepared the following list of tips and things to consider before making the final decision.
Budget
As with most other things you’ll have to buy or lease, your budget will play one of the crucial roles in determining your future office space. You need to know exactly how much you can set aside for the rent each month. That is not an easy task for a startup, since you can’t predict exactly how much money will be coming in. Also, make sure you remember to include the cost of services and amenities. They are sometimes included in the rent, but you might also cover those from your budget.
Hidden costs
It’s important to remember that there are those hidden costs that many people don’t envisage when budgeting. For example, the use of office equipment, facilities like meeting rooms, use of common rooms, etc. So, before signing the lease agreement, read through the entire document and look for hidden and incidental costs, since they can quickly add up and make the rent too expensive for your budget.
Renovation costs
You may find, for example, a location perfect for your business somewhere in or around Brisbane, but it might require thorough renovation. That is another cost that you need to envisage and include in your budget. Hiring experts in efficient rubbish removal from Brisbane is just the first thing you need to do. After that, you’ll need a contractor to perform all the works and make the office ready as quickly as possible. That too will incur costs.
The amount of space
Once you’ve dealt with all the financial aspects of finding that perfect office space, it’s time to move on to specifics. First, you need to determine how big your office space needs to be. For those working alone, a coworking space is probably sufficient. On the other hand, if you have employees and equipment, you need a larger space just for your company. On average, each desk requires about 100 sq feet, but you need to take into account the floorplan. Finally, remember to plan for the future growth of your business. A thriving enterprise requires more personnel, so look for a space that can accommodate both the current and future needs of your business, without jeopardizing anyone’s comfort.
Location
Each time someone mentions real estate, the first word that comes to everyone’s mind is location. Searching for the right office space is no exception. It needs to be in an area that can be easily accessed by you and your employees, as well as by clients and business partners. Depending on the type of business you run, your preference will vary between finding a centrally located one to one that offers more space somewhere outside the city. In either way, it has to be easy to find.
Office layout
You need to choose between open spaces that allow people to collaborate easily and a serviced office for more privacy. There is also an option to opt for a coworking space, but you need to make sure the layout is suitable for your business. For example, if you need to hold meetings occasionally, you have to check if meeting room facilities are available to give you the privacy you need.
These are the most important considerations when choosing the right office space for your startup. Dealing with these obstacles successfully will give you an opportunity to set the right foundation for the future growth of your business, which is definitely your ultimate goal.