Small Businesses: Things You Need to Know When Renting Office Space



So you’ve done it: you started your own business. You’ve taken the leap. The next steps can be as exciting as they are terrifying but now that your organization has taken off, it and you will need to adapt on the fly. The name of the game is efficiency and that means spending money on the things you need and saving on the things you don’t. Young companies, in their eagerness to get to work, too often fall into traditional models of doing business which can trap capital, stifle growth and leave employees ill-equipped to do their job.

Selecting the perfect office space is a balancing act: customization versus flexibility, independence versus support, accessibility versus affordability. Small businesses will want to find their Goldilocks space; that is, somewhere not too expensive but not too stark, either. Somewhere that’s not too big but still able to accommodate inevitable growth. Shared office spaces are ideal for emerging businesses because their customizable options allows you to save on initial expenses without sacrificing the resources your organization needs.

Large downtown shell spaces may seem suitable to hungry eyes, but high up-front costs for barebone space can leave your organization financially vulnerable and ill-equipped to get started on actual work. Executive offices in a shared space come pre-furnished, pre-equipped with industry-leading office infrastructure and include a client-oriented staff ready to handle any and all reception or administrative responsibilities.

In addition to escaping the hassle of remodeling floorspace and setting up a copier, business centers offer convenient, flexible leases. You don’t have to worry about being on the hook with any long-term liability and payment options can even be customized to accommodate your situation. Then, when your business is ready to grow, you have the option to simply upgrade to a larger suite. No expensive movers, no change of address paperwork and, most importantly, no stress. Shared space staff can handle the logistics leaving you free to focus on what matters most, your business.

For small and/or startup businesses, shared space offers inexpensive solutions by providing flexible leases and established executive resources already in place. Don’t fall victim to the pitfalls of inconvenient traditional office space, speak with a business center representative today!

Written by Griffin Suber

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