Which Business Premises Is Right For Your Startup?

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When it comes to starting your business, there’s always going to be a lot for you to think about. Not only do you have your business plan to content with, but you also have a lot of choices to make. You’ve got your product or service to launch, your marketing to cover off, and also your finances to keep in mind. And it can be a lot for you to deal with. However, the early days of your startup are often the most crucial. Decisions you make right now can determine how successful you’re going to be in the future.

One of those decisions you have to make is based on your location. Whether this is something you start to think about before you launch, or after you’re up and running and you know how things are going, every business needs somewhere to be based out of. So where will it be for you? Sometimes, you’ll want to start with something small (like the first point in our list), but other’s you’ll want to jump in at the deep end. Either way, it’s good to know what options you have, even if you want to see what you can work towards in the future. So let’s consider five main setups you cold consider.

Bedroom Business

Business Premises

First of all, we’re going to kick off with the way that many startups will begin. Starting in your bedroom isn’t really going to stop you from creating the best business you can. So if your budget is limited (or non-existent), here’s your first choice.

Get A Desk

So first of all, you’re going to want to get yourself a desk. Yes, technically it’s okay to lay on your bed and work from your laptop, but you might find this too distracting. When you’re comfortable, it might be all too easy to stop working. So get yourself a home office desk as in The Architects Guide post and set it up. With a desk in place, you’ve got the first part of your empire up and running.

Eliminate Distractions

Next, you’re going to want to make sure that you can fight off distractions when they crop up. You may not be able to afford to create your own office right now, but you really can’t afford to lose your focus. So make sure that you turn the TV off when you’re in ‘work mode’ – even if your startup is your evening side-hustle after work. Yes, this is your bedroom, but during your ‘work hours’, it needs to be a business premises first and foremost.

Stay Professional

And you’re also going to want to ensure that you keep things professional at all times. It can be tough to stay motivated when you work from home – but it’s not possible. It’s just on you! Make sure that you put in the work that you need to get done and that your desk setup adds to your motivation, not takes away from it.

Home Office

Next, you’ve also got the option of setting yourself up with a business premises right here at home. Because if you have a spare space, then you may as well put it to use with your business.

Set Up In Your Spare Room

Your first port of call is going to be your spare room. If you do have an empty bedroom that could work perfectly for an office, it’s time to clear it out. Making sure that this is solely a working space is essential to help you keep your focus. So make sure you follow bedroom business principles when creating an office in your spare room too.

Convert An Unused Space

Next, you’re going to want to think about the other spaces around your home. Maybe you don’t have a spare bedroom that you can use, but you do have an attic or a basement just sat there. Even if you want a space bigger than your spare box room, converting your basement or attic into an office is a really great way to give your startup the space it needs.

Go Outdoors

But don’t just limit your options to the house. Because a backyard office could be exactly what you need. If you want to feel like you can actually get out of the house, but still ensure this is cost-effective, an outdoor setup could work perfectly for you.

Rent-A-Desk

If you don’t want your setup to be based at home at all, but you’re not quite ready to get somewhere permanent, then renting a desk can be a great option for you.

Find A Coworking Space

The modern world is wonderful. Businesses are getting better at recognizing where the future is headed – and freelancing or homeworking is definitely included. So you could consider finding a specific coworking space, like Springboard Coworking, that will give the professional space you need at an affordable price.

Reach Out To Businesses

If you don’t have any coworking spaces near to where you live, then don’t let this stop you. You could still rent a desk in a local office; you’ll just need to be a bit more proactive about it. You might find that local businesses have space in their office that they’re willing to rent out. This can be a great way to feel like you have colleagues as well as get the facilities, like a desk, wifi, and refreshments, that you need.

Rent With A Friend

Finally, you may also want to think about going into an office rental with another person. Whether you have a friend that has their own business or you’ve met someone during your search, finding a company that’s like Airbnb for office space and renting together can be a great middle ground for your startup.

Office Building

Then, you’ve always got the option of renting an office in a formal office building. When you do decide to do this, there are a lot of considerations to make.

Choose By Price

Price is going to be an important factor for you. Because your startup budget will need to stretch as far as possible. So make sure that you consider office buildings that are going to be well within your budget. If you want to keep the cost down, go for basic options that have the necessary facilities you need, but no frills. You can add the frills in when your business is doing better.

Find The Right Size

Next, you need to work out what kind of size you need. Don’t be fooled into thinking that you need an entire floor or a bunch of offices when something small and compact will do. Good office buildings have options. So be sure to find a smaller room or something within budget, and don’t be tempted to go too crazy just yet.

Consider By Location

However, you are going to want to make sure that you factor in location. Because you will always need to find somewhere that’s going to be easy for you (and your staff, if you have them) to get to, that’s in a right location for your customers, and that is going to be affordable too. If location is your priority, then be sure to compromise on other options to make this happen, and vice versa.

Commercial Premises

And finally, you might also want to go the whole hog and start out with a commercial premises. If you want to build your own space or buy somewhere on a much bigger scale, here’s what you need to know.

Finding The Right Spot

First of all, you’re going to need to find the right space for your premises to be based. Whether you are buying an old building or land, your location will matter the most here. You know that you’re going to do some work to make it fit your startup’s requirements perfectly because aesthetics can be changed. But you need to remember that location can’t. So spend time looking for the right spot.

Planning & Building

From here, you then need to get your planning in place. Whether you want to work on an existing building or you want to build from scratch, you need to get work underway as soon as possible. This means finding the right company, like Cochran Engineering, to work on it with you. You’ll want to ensure that you get everything from the permit process to the completion covered off to the standard your startup needs, so choosing the right company is crucial here.

Go Solo Or Rent A Space

Depending on your plans for the space, you may discover that actually, you have a lot of room left. When this is the case, choosing to rent out your empty office space or warehouse areas could be a great way to generate some extra cash. If you have got funding to do this, or you’ve put a lot of your cash into the project, bringing in other tenants can be a great way to see a return on your investment as well as finally have your ideal office space for your startup.

 

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