Once your startup business starts booming, it may be time to consider moving your small business to an office space. But with so many factors to consider, where should you even start? Never fear! Titan is here! Ok, in all seriousness, let’s take a look at five starter steps.
Determine the appropriate payment plan
When it comes to payment, the three main choices are renting, buying, and leasing.
- Renting–This is a great choice if you only need a small office and won’t be there all the time. You’ll pay monthly or even on a per-hour basis, depending on what the building agency offers.
- Leasing–Leasing is ideal for startups that need to hire more employees, consistently will be at the office, and can’t afford to buy a space yet. Unlike renting, you’ll sign a year-long contract for the office.
- Buying–Usually, buying is for corporate companies because it is extremely expensive upfront and maintenance costs are huge. However, if you’ve discovered a plethora of gold overnight, you can definitely buy a building!
Consider what kind of work environment you need
Once you’ve decided on renting, leasing, or buying, it’s time to look at what furniture and equipment you’ll need. For example, if your team will be working with hazardous chemicals, you’ll need a private office space that can accommodate safety and compliance rules. On the other hand, desk workers will feel more comfortable in an ergonomic, modern environment.
- Natural light–It’s nice to have a window view if you’re stuck at your desk all day. However, if you’re working on top-secret plans, you’ll want to nix the windows.
- Amenities–Does the office you’re considering offer a break room? Free snacks or drinks? These freebies will make your team members happy and impress your clients.
- Office hours–Not many people need to rush to the office at midnight, but if you have overseas clients, you may be the exception. In that case, make sure you’ll have 24-hour access to the building.
- Storage space–Do you have confidential files? Lots of boxes? If so, you’ll need room to store them.
- Conference room access–Most business owners will need to make at least one conference call. Check to see whether you’ll have free access to meeting rooms or if you’ll have to rent them.
Get moving cost estimates
Small businesses may not need a moving service, but if you have a lot of equipment at your home, you’ll need to haul it up to your new office. Make sure you get several quotes, though. Moving companies have different fees, and the price difference can be drastic.
Celebrate your success!
Moving your business to an office space is a sign that your hard work has paid off! Congratulations! Treat yourself and your team to some good R&R.
And remember, if you need advice about how to transfer your home business to an office, feel free to give us a call!