If youa��ve been working from home or for someone else and youa��re ready to strike out on your own in terms of getting office space, you might feel as though youa��re ready to make a big leap. You are correct! Renting an office space is saying, a�?My business is successful, and it will continue to do well.a�? Your business is no longer something to do on the side or to make a little bit of extra money. Once you rent an office, you could be said to be a�?all in.a�? There are quite a few considerations to keep in mind as you take this big step. Here are some of them.
Are You Really Ready?
Therea��s no shame in sticking with your home office for a while longer. Remember that when you transition into a dedicated workspace outside of your home office or co-working space, your expenses will rise dramatically. Some reasons to consider postponing a move into your own office include:
- You are working alone or with just one or two other people and space is not an issue.
- You do not meet with clients (or you meet with them in their own offices)
- You are not sure whether you can afford all that having your own office entails. This will include not only rent, but also utilities, snow and ice removal, and possibly extra insurance coverage.
If, on the other hand, your home office is bursting at the seams, you need a place to meet with clients or you are easily making enough of a profit to make an office affordable (or you are confident that moving into an office will raise your income level), now might be the perfect time.
Think About Practicalities
Too many times, entrepreneurs jump into a great deal without considering all of the practicalities. Location is the most important, as ita��s the least changeable. Is the office youa��re considering on a well-traveled road? Is there adequate parking? If ita��s not on the first floor, is there an elevator available? Is the building secure, both to protect your property and keep your clients and team safe, even after dark?
Also consider how your office will look to others. While the main goal is not to impress your customers, be aware that locating your office in a dangerous area of town or in a run-down building will give the impression that your business is not doing well. Think about the other businesses in the same building as your office space, as well as the decor and upkeep of the building as a whole and of your own section.
Make It What You Want
Once you have chosen an office, youa��ll be ready to consider how to lay it all out. You might consider hiring a designer, at least for a personal consultation. Think about where the desks should go, how much room and privacy each team member needs and where best to meet with your clients. Be sure to ask the landlord how you can modify your office; painting might be okay, but changing the flooring may not be. Get these details in writing so you dona��t have a problem later.
Transitioning to renting your own office space can be overwhelming, but it should be an overall positive experience as you enjoy the growth your business has had and, hopefully, will continue to have.