If you have a small startup business or simply work as a freelancer from home, then it makes sense to have your office and work base at home. With a small team, or just you, then it makes complete sense to start small. It can be comfortable and it keeps the costs down, which is what you want in those early days.
But after a little while, when the business is established, it can be time to take the leap to a formal office, rather than just staying at home. When you need a larger team or the business is growing so much that it makes sense to have it all under one roof, then it is a good move to take. How can you make it a more smooth transition, though? Here are a few things to be thinking about?
One of the most important things that you need to check is the price of the potential office space, as at the end of the day, that is what is going to affect the bottom line of your business. It is likely to cost you more than being at home, of course, but it shouldn’t be a price that eats into your profit too much. Think about staff and how many new members you will need. Their costs, and having somewhere for each of them to be is going to be what will cost you money. So think carefully about the price of the office space you’d be looking to lease.
As has been mentioned, one of the reasons why you might be looking to move to a bigger office space is that you have a bigger team now or will quickly need a bigger team in the future. So you need to think about the vital team members and what their roles will be. As you’ll be having more staff members, it could be worth looking to do something like an ILM award level 5 qualification (a management and leadership qualification). When you go from a small team to a much larger one, it can be a big jump in the day to day running of things. So being able to manage your team better and getting the most out of them is a really good idea, one that you might not have to have thought about before now.
What kind of facilities do you want the office space to have? If it is a shared office space, what will you have to share with others? Do you need or want a kitchen facility, or are you closeby to places that staff can go to for lunch, for instance? Will there be a car park or at least street parking nearby? All of these things need to be looked at, as getting it wrong could limit the number of people that will apply to work for you. Don’t limit the potential of the business by choosing the wrong office space; one that doesn’t fit your needs.
*This is a contributed post