With almost 28 million small businesses in this country, it’s easy to catch the entrepreneurial spirit. When it comes to starting a business, there are hundreds of responsibilities that need to be taken care of. The task is daunting but finding an office space to rent or lease doesn’t have to be. When looking for the perfect space to help your business grow, keep these three things in mind:
Less is more: The average cost of a start-up is $30,000, according to the Kauffmann Foundation. This number may seem astronomical but it can be even higher if money in the budget is wasted on unnecessary luxuries. When it comes time for you to lease office space, try to keep utilities and space to a minimum. You’ll thank yourself down the road when all the other expenses start flowing in.
Fear of commitment is a good thing: when it comes to renting or leasing space, it’s best not to rush into anything long-term. While you may have plenty of confidence that your start-up will succeed, don’t put all your eggs in one basket. If you’re able to find temporary office space without a long-term lease, you’re better off. The business world is constantly changing and you never know where it will take you. But keep in mind that you can always extend your lease if you find yourself in a great financial position down the line.
What will it look like furnished? While it may seem trivial, how the office is laid out is incredibly important. A study conducted internationally found that office design has a direct correlation with employee productivity. The five factors measured were spacial arrangements, furniture, noise, light and temperature. Considering how much time employees are going to be spending in the office, it’s ideal for the space to be welcoming and warm. Keep this in mind while perusing office space rentals.