24 July

Here are some important tips to help you make the right decision:

1. Acknowledge the Type and size of your business

Choose the office space based on the type of your business. If the business is small then it is better to opt for smaller spaces which exactly fits the business operations. In case you have large business operations then it is better to go for larger office spaces. For instance, if you are starting a manufacturing business, then the chosen space should accommodate machinery, equipment, staffing levels and there should also be provisions for storage of stock, materials and anything else that is essential in the function ability of your business. Get space that motivates your staff to work harder and longer. Do not compromise on the image and reputation you intend to build for your business when choosing the office.

2. Get value for your money

Before moving to the office space business owners has to check whether the business going to gain profits or not after moving to the new space. Because the goal of many business owners is to get as much as they can from their investments in terms of rent charges. Sometimes lease contracts have many charges hidden in fine print. You may miss those charges if you read the lease document in a hurry. Calculate the total costs of moving your business to the new space including the cost of renovations and installations. The space should be worth every penny that your business will spend on monthly rent charges.

3. Study the space layout and amenities

The layout should match the business requirements if it is not so then there will be a chance of getting huge losses in business. Check the lighting and air conditioning as well. You want to create a comfortable and safe working environment for your staff. The amenities in the building and space can help you make a wise decision. If you intend to meet most of your clients at the office, look for space with a reception area. Pick an office with a conference room if you have many employees or partners in your business. You will need the facilities to hold meetings. Consider the internet and telephone connections, parking facilities, and other amenities like a kitchen and storage units.

4. Choose the right location for your business

It is one of the main factor because office space in right location yields more profits. One of the reasons for getting a physical location for your business is to create the right impression to your clients. People trust brands with physical locations where they can meet the owners and seek information on the business. While getting space in prime locations is hard and expensive for a business, choosing such locations helps you build your brand image. Your clients and staff members should have an easy time accessing the office. Consider the state of the roads and traffic flows. If the rent charges are too high in the ideal location, consider renting a virtual office or sharing space with other businesses.

5.Once Read the lease terms carefully

Most of the business people will make this mistake they will not read the lease or rent terms carefully. After inspecting the space thoroughly and confirming that it is a perfect fit for your business, do not rush to sign the lease document. The property owner may try to rush you to sign the contract especially when the office is in a prime location. Do not sign it before reading all the terms and clarifying any cost implications of each clause. Sometimes property owners will hide charges and binding clauses in the fine print. Consider the lease period as well.Take the time to evaluate all the options, inspect the facilities and layout, and read the lease contracts before making the final decision. The brand image and company culture must be at the top of your list of considerations when searching for office space.