Whether it is a brand new venture, or you are looking to expand, renting office space can be fraught with uncertainty, and with the future of your business at stake, you need to do whatever you can to minimise the risk of making a mistake. There are several things one needs to carefully consider, and if you are about to embark on a new business venture, the following hints might help you.Think Ahead
You can easily see how your existing workforce can interact in any given space, but what about the future? It makes little sense to move, and then have to relocate again a few months later, due to increased sales, so whatever the area you calculate is required, add 15% for extra storage and future use, and you’ll be glad you did. An extra workstation or two might seem unnecessary today, but in a few months, it could be the ideal solution to a minor expansion.
The Right Location – there are many factors that will come into play when making this decision, and you need to consider how far your employees must travel. You might prefer to be located in a business park, which is usually cheaper than a high street premises, and if you have any difficulty locating a suitable office venue, there are online real estate brokers who specialise in commercial and office space on long and short term lease.
Office Fit Out – This needs to be arranged as soon as you think you have found the right office space, and the company’s design expertise can help you to make the right decision. It doesn’t matter if you need an office, medical suite or retail space fit outs in Melbourne, Concept Office does it all and take care of the entire operation. The design of your new office space should be such that it assists in the smooth implementation of the daily activities and with the right ambience, your employees will have a feeling of well-being, which leads to improved efficiency.
Budget – Your budget will determine the extent of the furnishings, and if possible, involve the workers in the design process, as they are far more likely to embrace any changes. Ownership tends to breed a sense of loyalty, and your staff might have some great ideas. An established office fit out company would be able to work to the client’s budget, and this is essential, as we all look to keep costs down.
The Lease – While you might not be certain that this office will always be your base, you should plan for at least five years, with an option for a further extension, should you wish. Your lawyer should inspect all lease documentation and make sure you have adequate time and also that there are limits on rental increases, if you decide to re-lease the premises.
The right decision will be an asset to your business, but getting it wrong could cause serious problems, so make sure you take everything into consideration before deciding on a location.
