How to Choose the Best Office Space for Your Startup

We all know how our environment can affect the way we feel. When doing business, people often focus on many things and neglect their workspace along the way. Still, choosing the right office space at the beginning of your startup career can significantly change your business’s future for the better. From doubts about buying or renting to furnishing and decorating, there are many factors to consider. Here are some of the ways to make sure your office gets picked to suit your needs.

Ask the right questions

Although it might seem irrelevant at this starting stage, the office of your choice will largely depend on how much you plan to grow. Most companies have the tendency to overestimate their goals and wind up biting off more than they can chew. For this reason, you have to calculate how much your predicted growth resonates with the office costs. Office costs are not only the rent, though.

The money you invest in your office might include investing in furniture, telephone, internet, parking, and many other things. Whatever you do, always make sure that lease and rental rates are well stated in the agreement with your landlord.

Mind the location

This aspect is rather self-explanatory. The success of your startup may depend on the location for several reasons.

If your office is located in the city center or anywhere close to it, its cost is likely to be rather steep. Although posh locations are more likely to attract affluent customers, an office in a less upscale area is also a good option.

The important thing about your office’s location is its accessibility. Easily accessible premises will ensure the loyalty of your customers and will also prevent your employees from spending too much time commuting.

Serviced office at your service

It was only a matter of time before someone realized just how difficult it is for new startups to find a suitable location for their offices.

With this in mind, office buildings all over the world have started to spring up, offering new businesses a chance to rent their offices or even entire floors.

Usually located in megacities, these offices are any business’s dream come true. If you’re in London, New York, or looking for a serviced office in Melbourne, rest assured these premises are designed, organized, and equipped to suit each startup’s individual needs.

Co-working space

Though usually used as synonyms, serviced offices and co-working spaces actually differ.

We’ve previously established how serviced offices lease entire offices and floors to aspiring entrepreneurs. Conversely, a co-working space gives businesses from similar niches a chance to share the space and collaborate. When choosing the right co-working space for your startup, you need to consider a few things.

To begin with, you will be sharing the room with many different people, so make sure your team will blend in accordingly.

Another thing to keep in mind is your plan for the future. If you plan to grow at a fast pace, try and calculate the rate of your growth. Before you know it, your business may outgrow the existing space and you will be forced to end the agreement prematurely. That can pose a problem.

Consider the tiny details

Finally, after you’ve taken everything into account, it is the details that make all the difference.

Pick a space that will be pleasant to spend time in, both for you and for your team. Aim at choosing a space that allows a lot of natural light. Some employees prefer to have a healthy dose of privacy at work, so picking a space where you can place cubicles is also a great option.

It’s a well-known fact that happy employees equal productivity and their satisfaction is one of the pillars of your company’s success. While this may be one of the toughest decisions you will have to make, just think about the benefits you can reap when you do find a perfectly matching office for your company.

The list of options not only offers affordable solutions but it also enables you to stay away from those humdrum traditional offices and give your startup the great start it deserves.

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