For a business to run effectively and efficiently, it is essential that their chosen office is conducive to a productive working environment. Of course in the early days, when it's just you, your laptop and a mobile phone, you can work from home or coast from coffee shop to coffee shop, in search of the fasted Wi-Fi and cheapest Latte, but once you get your 1st employee, times have to change.
Now that you have an established business, with procedures and protocols, you need to have a good logistical spot for operations that you can utilize as and when you need. It is vital to find the offices you will need and all without too much extra work.
Whether you are looking for a serviced office in Manchester, London or a small rural town. The parameters that you need to consider should be the same. What is the budget? How accessible are the offices? Where are your competitors located? What amenities do you require? Do you need to be near a post office, bank, and airport? Etc. Look at your office space as an asset and determine how your location or premises can actually help your business flourish.
You can opt to purchase your own office space. This is a viable option if the business has a strong and steady cash flow or if you have collateral. (It may not be advisable to use your family home as collateral for obvious reasons!) Purchasing your property can be advantageous as it would give the business a tangible asset for the future. Securing commercial property at the right time can be very lucrative. In a market with many peaks and troughs, there is a potential to earn a lot of money by selling or leasing at the right. As with any investment though, there is always a risk. The only problem with having your own office building is, it can be very time consuming taking care of maintenance, health and safety and all the other responsibilities that come with it. Many menial tasks that can take you away from actually running your business.
Instead, if your business is in its infancy, it might be a more practical solution to opt for serviced offices, so you do not have to do all that peripheral work.
A serviced office is a very much plug and play work environment. Fitted out and furnished, you will just need to bring along your laptop. Telephones can be answered on your behalf and guests can be greeted by the serviced office team and directed to you. All of which adds an extra ayr of professionalism to your clients and prospective clients.
You need to choose your offices with the future in mind. What are your expansion plans? What would you do if you suddenly need to bring in five or ten new staff and you only have limited office space? It’s a good idea to create a timeline of when and by how much you anticipate the team growing and with prior planning hopefully you will be able to reconfigure your office space to accommodate.
Be sure to consider logistics, conference spaces, storage, and room for technology. The last thing you want to have with a growing company are cramped quarters that can lead to conflict and an unsatisfied workforce.