Many successful businesses begin with minimal resources, as they set up shop in a living room, kitchen, garage or basement. As startups grow in size, expanding into an office space is imminent. Although choosing your first office space can seem overwhelming, it’s a moment that’s cause for celebration.
When you choose your first office space, there are several things to keep in mind.
1. Verify network capabilities
Today, every business needs internet access. Phone coverage is also a must, with many startups opting to use smartphones for primary communication. Although commonplace, some buildings in large cities have limited or no connectivity due to nearby infrastructure. Before you sign up for an office space, check mobile reception when walking around the space. Also, reach out to your preferred internet service provider to ensure they offer service to the address.
2. Do this before you sign the lease
Your first office lease should ideally be signed for alongside a trusted professional working on your behalf. A professional commercial real estate broker can review the lease in detail and explain, in layman’s terms if necessary, existing limitations and fees. A proper understanding of your first office lease can save you thousands in the long run.
3. Explore the neighborhood
Even if your business doesn’t have a retail space for customers your location is important. At some point you will have to meet with investors or clients. Checkout the reputation of your neighborhood. Even if it costs a bit more, it’s prudent to invest in a relatively safe neighhborhood. Also, be aware of neighbors. For example, if you’re next to a noisy residence or shady business, investors and clients can be turned off.
4. Consider a general liability policy
Protect your business property, people and assets. A general liability policy can be a lifesaver for a business if something goes wrong. Personal injury insurance is also worth consideration since unnecessary lawsuits can arise from sue-happy individuals. If you’re not prepared a lawsuit can bleed your bank accounts dry.
5. Establish office culture
Take the lead to establish the culture from day one. When you establish the culture of your new workspace it sets the tone for communication, collaboration and much more. For example, if you want to establish a fun, collaborative yet professional culture, consider removing cubicles to promote an open office environment.
6. Connect with the community
Make an effort to introduce yourself. The effort could range from simple plans to hosting a charity fundraiser. The latter can build your brand image in a positive light.
Choosing a great office space involves careful consideration. It’s also a time to celebrate your business taking the next step. Following the tips above, and choose a great office space where your business can continue to flourish.
This article has been edited.
Savannah Flynn is a public relations specialist and online marketing enthusiast writing on behalf of WebpageFX. She is devoted to staying on top of the latest online marketing, social media and public relations trends. Connect with @WebpageFX on Twitter.
© YFS Magazine. All Rights Reserved. Copying prohibited. All material is protected by U.S. and international copyright laws. Unauthorized reproduction or distribution of this material is prohibited. Sharing of this material under Attribution-NonCommercial-NoDerivatives 4.0 International terms, listed here, is permitted.