Finding the right office space can influence the success of your business and for a start-up or SME, this could be vital to the longevity of your business.
However, if you don’t know where to start when finding the perfect workspace, we can help. We’ve compiled a list of some important things you should consider on your search for the perfect office and how it could have a positive effect on your business.
Depending on the operation of your business, you should carefully consider the location that you choose for your office. Some questions you should ask are:
• Will you be in close proximity to your target customers?
• For retail businesses, will you get enough foot traffic?
• Are there any competitors located nearby?
• What are the first impressions that a customer/client will get from the area?
Ensuring that your customer base can locate and easily find your business is crucial to your sales. Also, you’ll want to find a location that is well matched to your brand – if you’re a technology business, it would make sense to choose an area known for tech companies, such as Edinburgh and its reputation for fostering tech startups.
If you’re unsure which area to go for, consult a commercial property expert like Devono, who can analyse your business needs and source the ideal office for you.
Another important consideration is the office’s proximity to public transport routes and other businesses. You’ll want to make your business an attractive prospect so you can secure the best talent and clientele and your office can help you do this.
Ample parking, access to public transport, a selection lunch spots and other convenient services nearby may be something that potential employees take into consideration when they’re deciding if they want to work with you and potential customers who want to do business with you.
When choosing an office space, remember to consider your company’s potential growth. You don’t want to sign on the dotted line, only to find that you need somewhere bigger a few months down the line.
Consider starting with a co-working space before you find an office exclusive to your business. These types of spaces are said to be helpful for businesses, especially for start-ups, as it creates a community of like minded entrepreneurs who can provide advice to each other or even collaborate.
Don’t forget to factor in any additional costs when finding your office space. This includes maintenance fees, how much you will pay for utility bills, security deposits, insurance costs etc. These costs must be considered when choosing your office as they will be eating into your profits and if it’s too expensive to run, you run the risk of making your business unprofitable.
When finding and securing the right office space for your business, don’t forget to take these factors into consideration. With the perfect office, you could enjoy increased visibility, attract the best talent and therefore maximise your profits.