4 Things to Keep in Mind Before Choosing an Office Location
Choosing the right office space is one of the challenging decisions you will have to make as a business owner. The office you choose can affect your business in different ways. You can struggle to attract the right employees or clients if your office location is not suitable. Also, if the location is not right, growing your business can be difficult.
When you find an office space, you are likely to be required to sign a lease for a few years. Before appending your signature to a lease, find out the following:
With business growth be possible at the location?
Before choosing an office space, consider the immediate needs of your business. You should also consider growth and other future business requirements. If you cannot afford a large office space that will allow your business to grow, negotiate a shorter lease. You can also ask the landlord to offer you the right to negotiations when new space next to your office will become available in future.
If the location right for employees?
The location of the office should be near where most employees can easily reach. This means you should know where majority of your workers reside. Some employees may not be comfortable with increased commuter time and expenses if the office is too far away. Find out how your employees feel about various office locations you may be considering. You do not want to lose key personnel due to going to a new location. Confirm the location of the new office will not be too far for your employees.
Is the location of the office easily accessible to clients?
Before choosing an office location, find out whether your clients can easily access the area. How easy or difficult will clients find it to reach the new premises If you offer products or services that are easily available at different places, do you think clients will be ready to drive miles just to get the services or products from your offices? If you opt to leave the CBD for a cheaper location in the suburbs, this will lower your costs. However, it can also cost you customers. Consider whether the lower costs will be worth the possible loss of clients. While video conferencing and online communication are used today in business, face-to-face meetings are still important.
How will the new office project your business?
Think about how the new office location will be portraying your business. Most clients will form an opinion about your business based on your office location and space.
Follow the four tips above to find the right office space to choose.