Owning a small business is an exciting, yet challenging endeavor. Very few thrills can be compared to watching a small business become successful and grow. Decisions, such as whether or not to purchase additional office space, are an important part of increasing the size of a small business. There are certain logistical challenges that every small business owner should consider prior to purchasing office space.
Finding a Space That Is Just Right
In the same way that Goldilocks was not comfortable until she found the bed that was just right for her, your business will not flourish unless you find the office space that is just right for you. One factor to consider is the space you will need in correlation to the size of your business.
If your business is relatively small and just starting out, it is unlikely that you will need a lot of space for it. Looking for buildings that at one time housed larger offices that are now divided into smaller units may be a good place to start. It is not a good idea to rent or lease office space that is larger than what you realistically need.
Once you have found an accommodating space, you’ll need to start looking into getting your office furniture, equipment etc… in. This can be a time consuming process. There are all kinds of options out there when it comes to hiring professional movers. Halifax Transfer Inc has office movers up in Halifax Canada, and is a great example of just how many choices there are out there, no matter where your office is located.
Terms and Conditions Apply
Another important factor to take into consideration is how long you want the lease to last. How long are you looking at staying in the building? If your business is just starting and there is some question as to whether or not the business will really take off, it may be better to negotiate a short-term lease, perhaps a one year or a two-year lease.
Do Your Research
Watching your business grow can be exciting. So it may be tempting to jump at the first office space for lease available. However, in the long run that will be counterproductive. It is better to do your homework and to research the prices and availability of office spaces in your area. The goal is to find office space that is the least expensive while at the same time meets your needs.
Get to Know Your Landlord
Doing researching on the individual or company that you will be renting from is essential. Search their name or the name of the management company on the Internet. If they have bad reviews from other clients or if they have a history of drastically increasing the rent after a year, you may not want to deal with them. It is not worth saving a few dollars if it means that you have to deal with an untrustworthy landlord.
When it comes time to find office space, sometimes businesses flourish when they look outside the box. Some have been able to split office space with others on a short-term leasing basis. This provides an inexpensive way to lease office space while at the same time providing the small business owner the freedom to move into something bigger as the business progresses.
Watching a small business grow to the point where it needs more office space is exciting. Finding the appropriate office space for a growing business can be a challenge. However, in the end it will help the business to grow even further.