When the time comes for you to move your business to an actual office space, workshop or store, it is important that you take the time to make the wisest decision you can. After all, picking the wrong property could cost you and your business dearly.
With that in mind, here are some key things to do before you choose the workspace that your business will be situated in.
1. Play Detective
Don’t just fall for the building’s charm; do a deep dive into the area. You need to know things like whether it is a thriving hub or a ghost town after 5 PM? You should also make an effort to check out the local amenities, transport links, and even the local competition. If you are looking at buildings with special features, such as a thatched roof, for example, it is also a good idea to check there are local roof thatchers you can call on if necessary, too It’s like doing a background check, but for a busilsing, rather than an employee, right?
2. Assess Your Budget
Before you start daydreaming about swanky offices with river views, get real with your budget because you will only upset yourself if you do not. Crunch those numbers and factor in not just rent, but also rates, utilities, and hidden costs so you really do have a good idea of what you can and cannot afford.
3. How Much Room Do You Need?
Of course, it’s pretty vital that you take the time to evaluate how much space you really need. Like Goldilocks, you want it just right. Too small, and you're cramped. Too big, and you're paying for space you don’t use. Sure, you should always have the potential for growth at the back of your mind, but don't rent a football field when all you need is a backyard.
4. Tech Check
In today’s world, a good Wi-Fi connection is as vital as electricity. Check the internet connectivity and mobile signal in the area. You don’t want to end up in a tech black hole, no matter how good the coffee shop down the road is.
5. First Impressions
First impressions count. What does the property say about your business? Is it professional, trendy, or more shabby than chic? Your property is an extension of your brand. Make sure it’s telling the right story.
6. Legal Eagle
Get to grips with the lease terms. It’s as thrilling as watching paint dry, but it’s essential. Understand your responsibilities, lease length, and any hidden clauses. It’s like reading the terms and conditions before clicking ‘agree’ – boring, but necessary.
7. Future-Proofing: Think Long Term
Think about the long term. Will the property still work for you in five years? Or will it be like a pair of skinny jeans after Christmas – a bit of a squeeze? Flexibility and the potential for adaptation are key.
8. Safety First
Consider the security of the property. CCTV, alarm systems, and secure entry can keep your business safe. It’s like having a burly bouncer for your office.
Take your time and check over as much as you can, always keeping your business in mind, and you will find the right property, no problem.
