A recent article, Some Tips Before Moving a Home-based Business to Commercial Space by Allen Buchanan says that many businesses like yours were started with two things— a great idea and a corner from home.
As your business grows, you are thinking that moving from home to Agile Office Space would be a wise decision.
Here are some issues to consider as you move your business into a commercial real estate location.
Expenses to consider
You have little overhead with a home-based business. However, once the business leaves the home, you’ll need to consider paying a commercial rent plus utilities such as light, water, internet, phone and janitorial.
Most commercial landlords will entail a lease term of one year or more, therefore your business is committed for this amount of rent.
Permits to secure
Your business will require occupancy permits to operate the business from a commercial location. If the operation involves a manufacturing process, plan on this taking some time to get this permit as well.
Location to consider
Working until 2 a.m. is not as easy as staying up past your bedtime at home if you move your business to an off-site location.
You cannot work in your pajamas – and go to work in the spare bedroom anymore. You must dress up, drive, and potentially greet employees. Find a location as close to home as possible. This will save on your commute time.
To rent or buy
You don’t want to commit yourself to a location that you could outgrow in few months, therefore to lease a virtual office or coworking office space is recommended.
Buying a location makes sense but not right away. Lease a spot, get the business stable, hire some workers, make some more money, and look to buy down the road.
Working from home is convenient and economical but as your business thrives, you need to consider a workspace solution that will help you with complete amenities. YourOffice offers you a wide choice of office and workspace solutions: flexible office space, team office space and virtual office packages. You’ll have access to a complete array of office support and concierge services as well as state-of-the-art business technology.