It doesn’t matter whether you are launching a new startup and need a small office space, or whether you are an expanding enterprise in need of a large building, there is a fine art to choosing the most suitable premises for your business. However, no matter what your size, sector or needs, there are a few denominators common to every business premises choice. Read on to find out the sorts of things you need to be looking out for to ensure that your business and its premises are fit for purpose.
Location
If you are in need of footfall, there is little point even considering those office locations that are out in the sticks. With little or no transport links you won’t have the required clientele accessible to you. Yes, the lease might be infinitely cheaper than a city center location, but this will be a false economy when your business begins to falter because of an unsuitable location for your premises.
Think carefully about what you need from a location and make these non-negotiable. Sometimes it’s a good idea to check out the competition and see where they are located. It’s not unusual to see a legion of hairdressers together or a couple of advertising startups in close proximity. By having your rivals close by, more potential customers flock to that location to visit more than one business.
Security
A major concern for you should be the security of your premises. It’s vital that you select a building with wireless alarm monitoring, or you lease one that will allow you to enjoy this feature. This enhanced level of security means you can feel safe in the knowledge that you don’t have to rely on telephone signal to have the police department called to any break in. Ensure that your alarms are up to date and future proof.
Choose a location carefully, and make sure that it isn’t in any crime hotspots. These areas may be cheap but they are risky. Clients may not want to visit your office, and any address you put on letterheads will not create a professional or positive impression.
Space
If you are an importer and specialize in shipping engineering equipment or clothing from the Far East, then you may need a warehouse space. Choosing the correct amount of square footage can be difficult initially. Too much and you are paying over the odds for space you don’t use, and too little, and you run the risk of outgrowing your warehouse too quickly. If in doubt, consider sharing a warehouse space with a fellow entrepreneur and pool your resources. This helps you to network and exploits your business acumen at the same time.
Choosing the most suitable business premises should not be underestimated. Your business plan may be full of financial figures, sales projections, and your vision. It’s vital that you don’t just pay lip service to your business premises but use a clear procedure to select your office or warehouse. Follow this guide and your business will thrive.