When you’re forming your startup, one of the key decisions to make is where you’re going to be located. You might not want to start out of an expensive building at first. But there are many things to consider before you decide where your business location will be.
The cost of your premises can make a big difference. You also need to consider how much space you’ll require for what you’re doing. Different options work better for different businesses. Here are the options you should consider and why they might be the best for you.
Home
Many businesses these days are starting from home. You won’t have to deal with the difficulties of getting somewhere new, saving you much more money for other expenses. But there are many drawbacks which make it a less than ideal option for some businesses.
Of course, you’ll likely have limited space. If you’re planning to store a lot of equipment or goods, it might not be the best option for you. It also may not be practical to have various employees working from your house.
It’s best suited for solo ventures. If your business operates online, you’ll be surprised at how much you can get done at home. You can outsource tasks and handle other things with nothing but a computer. Many companies start at home but eventually expand into a much larger operation.
Commercial/Industrial Building
Companies who need a lot of space for their business will need to find a suitable building. There are various commercial buildings for sale out there which can suit your needs.
You may want a building to deck out as an office. You’ll have plenty of space for work areas, meeting rooms, staff areas and a reception area.
Some businesses might benefit from an industrial building. These are much larger commercial properties, designed for companies who need to store a lot of stock or equipment. They’re mainly used in industries such as warehousing, logistics, and manufacturing. You can find many of these in industrial areas.
Office Unit
Investing in a building isn’t the only option for setting up an office. In fact, sometimes it’s much more cost-effective to rent an office unit.
You can often find office space to lease in fantastic locations. In many cases, you’ll also benefit from amenities such as WiFi and extra security measures. Many places, such as Guardian Business Center, provide companies with the space they need.
This is ideal for startups. You’ll get enough room to store everything you need and bring in your employees. At the same time, you won’t have to deal with expensive building maintenance costs.
A Truck
If you’re selling food or drink, you might want to operate from a truck! You can get vehicles designed for this purpose, and it can save you a lot of money. The added benefit is you can operate in various locations.
There are some unique challenges to starting a food truck business. You may need to pay to park in some places. In some cases, you might have a time limit on how long you can park.
A truck could also be used for a retail business. Alternatively, you could use a truck to transport equipment for a stall. You can set up stalls at fairs and markets for a cheap way to sell.
This article was provided by ellie jo