Last updated on January 9th, 2018 at 04:06 pm
Working from home and becoming an entrepreneur is an exciting alternative to having a regular job/career. But it’s not without its challenges and if you want to develop and grow your earning potential you will eventually need to consider moving your home based business into an office in order to continue to grow.
This post is about the things that you need to consider when planning such a move and how to make the most of the opportunity.
Location & Transport
One of the first and most obvious things to consider is location. How much this matters will depend on your plans for your business, most entrepreneurs will tend to prefer having an office near to where they live, but if you plan to start employing people you may want to consider things like:
- Transport links
- Access by road
- Parking facilities near by
Costs & More Costs
For a fledgling business the cost of renting an office can be a lot to absorb, but there are also other costs to consider. Your search will likely start by looking at the rental costs but don’t forget to factor in things like:
- Business rates / taxes
- Costs of servicing, cleaning etc…
- Heating, air conditioning, electricity
- Internet connection
- What insurance you will need
Of course all of these costs can add up. You shouldn’t let that put you off, but do work out all of your costs so that you can plan accordingly.
Contracts & Clauses
One that is important to consider is what your obligations will be. Right now the power is very much with the tenant and not the landlord so there is no reason why you shouldn’t be able to negotiate favourable terms.
In particular, as a newish business your priorities will likely be to ensure that if things don’t work out, your business can still survive.
Consider the contract length and ask whether you can have a trial period for X months or alternatively have a break clause that allows you to leave if you need to. Also determine whether you will personally be responsible for the rent or whether your business will be.
If your business is a company, then in the event that it fails in the future, you shouldn’t be personally liable for continuing rent payments.
Your Employees / Logistics
Finally of course, but perhaps most important of all you need to consider how good of a fit each potential office is for your business and your employees (assuming you plan to hire staff)
- How big does it need to be?
- How fast do you plan to grow?
- How much space will you need?
- What about shape and noise / ergonomics?
You obviously don’t want to be paying for more space than you need, but also don’t forget that moving office later will be expensive, so a little extra “growing room” can be helpful. Depending on the nature of your business you may also need to consider things like noise and ergonomics.
There is no simple way to figure out whether an office is right for you, but it can be helpful to spend some time in it and visualising your business as it will actually function. Imagine you have staff and desks and decide where they will be.
About The Author
Hi there, my name is George. I am a consultant and I work for Andrew’s A/C Services. We spend a lot of time in offices, servicing and installing air conditioning, so we understand the importance of office ergonomics for an effective business. Visit our website here to learn more.
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