Office spaces promote greater financial rewards, facilitate collaboration, encourage innovation, productivity – as well as create a relaxing and work-friendly environment. However, picking the right location for your office can ultimately determine whether your business succeeds or fails in its early stages.
You want to be confident in making those all-important final decisions – and feel assured that nothing will affect performance and profitability. These following tips will help you to find the ideal serviced office for your business.
1. Identify your company’s nature and culture
Understanding the speciality of your business is the first step in your search – this is what reveals the heart and soul. Customers can also identify your brand and products, and determine whether your offer meets their needs. It’s not as simple as finding a building with your name on it, but by keeping your company’s culture in mind, you can narrow down your options and achieve your objectives more quickly.
Choosing the right location can enhance a company’s long-term performance and boost its brand reputation. As well as forming trust with potential customers, the location plays a vital role in attracting and retaining great employees – who often keep a close eye on where they work in order to maintain a healthy work-life balance. These include road structures, public transportation, traffic activity, and parking facilities.
3. Get the right value for your money
Quality over quantity like you did for bathroom cover tiles. While property owners hope to maximise their ROI through rent charges, you have to find what’s most appropriate for your needs. Make a list of properties that appear to be financially viable, then evaluate the pricing of each property to determine if you’re receiving value for your investment. Rent charges and profitability should range between five to 15% of your annual company profits – this will vary more for small businesses.
4. Learn your lease terms
In some cases, items on a lease may be negotiable, but regardless, you should be aware of what to expect – and what your landlord expects from you. As a result, don’t sign the lease document in a hurry. Consider obtaining a second opinion from a lawyer or a local property advisor to make sure that you don’t get caught up in any small or fine print laws that you might miss.
5. Have an appropriate office layout
Workflow can be facilitated much more quickly in a well-designed office. The result is that projects which need collaboration between different departments or workers can be accomplished more efficiently. For instance, if you want to open a beauty salon, you’ll require supplies, sinks, chairs, sofas, hair dryers and more.
Once again, deliberate and go back to the drawing board as many times as possible so that you’ve checked every objective off the list. Consider every single option – compare property prices, and read the lease contract before making a decision.
Searching for office space should be guided by your brand image and the culture of your company.