If you’re just starting out, you might be thinking about creating an office for yourself. Maybe you’ve got lots of employees that you need to house? While you’re probably used to trawling the housing market, business property is a different animal. There are a few things that you must know before you even start looking at making any purchases. Let’s go through some of these things.
The first thing that you absolutely need to know, is that having an office is paramount. That doesn’t just mean that it’s beneficial; you literally have to have one. Maybe you’ve thought: do I need a registered office address? Well, having a registered address is a legal requirement in the UK. You have to have a point of contact for correspondence. Without this, you won’t be able to run that business that you’re trying to get started with. You can get yourself a registered office very cheaply if you’re not planning to do much with it. It’s even possible to get all mail forwarded to an alternative address if you prefer.
If you’re going to be running your business from home as a sole trader, it’s best to start getting those distractions out of the way. Television, Facebook and lots of other distractions are always waiting to put your mind off your work. You’re going to need to be self-motivated to operate in this sort of environment, so take steps to try and make this happen. Whatever motivates you to get working will help you to create your best work. Also, set up a dedicated workspace and fill it with all the office equipment you need. You’d do it in a big office; so apply the same procedures here.
If you want somewhere to house a number of people, it’s time to start thinking big. There’s plenty of considerations to make when browsing somewhere to rent or purchase. Firstly, is there enough space for what you’re planning to do? Will you be able to segregate different parts of your company around the building? Even more importantly, will you be able to do this without sacrificing a team-related environment? I’ve worked at small businesses in the past where the building was so big that you rarely saw most of your co-workers. You have to take these things into consideration.
You also need to think about the future. Depending on the contract you sign, you might be stuck in this office for a long time. Are you expecting to grow much bigger in the future? The chances are; you’ll want to be more successful as time goes on. If you get to a point where you outgrow the offices you’re in, it’s going to be beneficial to think about moving. Think about all legal documents carefully before you make any decisions. Do your research in advance and ensure effective planning is in place.
Think about your requirements before making any decisions. Whether you do the bare minimum to get a registered office or rent some vast property in a business park, do what’s right for your business. Making the wrong decision could cost you a lot of money in the long run.