Growth brings many challenges, and calls for decisions that are tough to take. You might not think of it as a big deal, but finding suitable office space to accommodate your growing needs, is one of those decisions.
If you've been toying with the idea of moving office from your home/basement or similar accommodation, be sure to consider some important factors.
Be sure that it is need based. The most important factor in any decision to move office must be the impact it will have on the business. If your business has a number of posh clients coming in, a tacky basement office will do nothing for its image.
Likewise, consider whether your premises are adequate in terms of infrastructure, security etc. Sometimes clients are not satisfied just with the way you do your job; where you do it also plays a big role in building their confidence in your abilities.
Don't over-reach. As mentioned above, move office if it's good for your business, not just because your ego demands a corner office with a stunning view of the waterfront.
Also, stay within your financial limits. If your company has adequate cash flow for a year, look at a place that will support your requirements for that period. Don't go for a full blown building, with a five year expansion plan in mind.
Remember, it's easy to move, but extremely hard to downsize. It's always a good idea to go for the least expensive option that suits your most important needs.
Consider short-term options. In times of market turbulence, the outlook for your business can change dramatically within a short time. If you think this applies to you, look at taking on a short term lease while moving office. Sub-leasing or working from an executive suite can also be considered. However, note that the former option may force you to shift office frequently, whereas the latter is certainly a more expensive way to rent space.
Pay as per use. Frequently, you will find that the usable space in an office is much less than the quoted square footage. When you're paying for expensive real estate, you don't want to waste good money on decorative niches, extra corridors, balconies, and so on. Make sure that you opt for a sensible, practical layout while moving office.
Moving office can be trying! First of all, you have to deal with the sheer effort required to pack up and get going. Then, you have to make allowances for an interruption in services. However, all the heartache is worthwhile if it allows you to run your business better and enhances the image of your company.
Hi, I'm Akhil Shahani, a serial entrepreneur who wants to help you succeed. If you like to work smart, check out http://www.SmartEntrepreneur.net It's full of articles and resources to help you start and grow your business successfully. Please visit us & download our special "Freebie of The Month" at http://www.smartentrepreneur.net/freebie-of-the-month.html Article Source: http://EzineArticles.com/?expert=Akhil_Shahani |  |
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