If you are looking to start a business, there are so many things that you will need, and this requires a lot of planning. Any company’s future will normally be decided within the first three years of operation and therefore it is important that you be thorough and not leave any loose ends.
The basic needs
When you start your business, the first thing will be to register the company, and for this, you will need an address. If you are considering leasing office space in austin, you can use that as your registered location.
You will also have to do many other things including buying furniture, office equipment, and hiring staff. But for any business, the location should be crucial.
How to select a good office space
There are so many buildings that would rent out office space to those wanting to start a company. However, you must decide on which ones will suit you best, and this does not only mean looking at the ease of access but also the ownership and the facilities available on the premises.
It does not matter if you are talking with the owner of the building or an agent, you must clarify a few things before you sign an agreement as it may be too late after signing and you will find yourself in a costly mess.
First, you must find out how the building is managed and who the actual owners are. You should also know if the building is for sale as you may end up having to move sooner than you expect. Find out where the owner or managing agent is located so that you can contact them easily in case you need assistance. Also, ask how the building is maintained and who is responsible for keeping it clean and tidy.
When renting office premises, the amount you pay will dictate on whether you base your operations there or not. You should check what the base rate is in the area and also how much they plan on escalating (increasing the rental price) the lease each year. You should ask how much security deposit there will be if any and also what amenities will be included in the rental price. Parking facilities and how much it would cost you monthly should also be discussed. Ensure that you can make certain changes withing the space so that you can design your office to be functional and suit your needs.
Sharing an office is fast gaining ground. The majority of freelancers are finding the shared office spaces a suitable choice for their business. Not only are they cost effective, but they help you to interact with people of the same mindset. There are advantages of sharing an office space. You get access to amenities that make it easy to work. It is not easy to get a suitable space for your startup. Shoreditch office space is one of the best places that you can set up your business. There are many mistakes that you should avoid when you are looking to work in such an office.
Failure to consider your company’s needs
Co-working spaces cater for different businesses. Therefore, you need to choose the one appropriate for your business type. For instance, if you are an architect, then you should look for a co-working office that is specifically meant for architects. On the other hand, IT professional will be well suited to an environment that has IT specialists. As such, you need to go to an office that suits your needs.
Failing to choose an appropriate location
The location is imperative for a business that wants to succeed. You have to look for a place that is easily accessible. Make sure that the location can be accessed by you, your clients and your employees. It should also be accessible to cafes where you can get a bite. Do not forget to look at the aces by public transport.
Not asking about security
Security is one of the important considerations when looking for an office space. A shared office means that you work with different people. It is not like that there will be security issues, but you can never be too sure. It is advisable to know the security measures that have been put in place in the co-working office. You would not want to leave your files in the office and find them missing. Therefore, make sure that the security is at the top of your checklist.
Not understanding the lease terms
Most shared offices have a one-year lease term; however, there are those that have a shorter time. You should ask whether you can be given a month to find out whether you co-working office is for you or not. Always read the fine print to understand the policies. Also, ensure that there are no hidden fees, penalties, and additional charges. When you understand the lease terms, you are better positioned to work in a shared office environment.