Wednesday, July 1, 2009

Choosing The Right Office For Rent

If you have a list of necessary facilities and requirements, it will be easier to strike of those on the list that do not meet your requirements. You will more than likely have to compromise on some of your 'wish list' requirements, but as long as you are not compromising on aspects that are essential to the successful operation of you business then finding an office to rent will be easier.

What to consider when renting an office:

What is your budget? It is important to look at this first as it will give you an idea of what you can afford. You need to remember about business rates, legal fees and any service charges that come with the office. You will also need a budget for any alterations and improvements that you need to make to the space in order to make it the right office for your business.

Size of your business - how many people do you have working for you? How many visitors will you have on a daily/weekly basis? You need to think about your employees, customers and any suppliers. You need to calculate the minimum space required so that you don't make the mistake of renting an office that is too small.

Any special requirements you have. For example IT requirements - again, you must think about this and put them down in a list of essential and non-essential. The likely hood of you finding an office to rent with all your IT requirements catered for is slim - you may have to invest in upgrading what is already there or putting your own systems in.

It is important to look at your business plan and forecast. It would be a mistake to rent somewhere that is going to be suitable for your business for 6 months - you need to look to the future and rent somewhere that will be right if you expecting your company to grow significantly. You could look and see if there are other areas of the building that you could extend in to if this was the case.

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