When your startup business has outgrown your kitchen table, it is time to start searching for a space to keep your business developing. Sorting through property listings is a good place to start but moving to your own commercial property can be a big leap for some businesses, not to mention it may be a large sum of money. For a medium step into the world of commercial renting, you may like to consider a shared office or a serviced office.
Why do you need to make a move?
Running out of space and feeling cramped in your home? Are you conducting all your business meetings in cafes? Perhaps you need to move closer to where your customers and clients are? Maybe, just maybe you need to separate your workspace with your home? Whatever the reason is, finding a new space will help you and your business succeed in many new ways.
What's the difference between a shared office and a serviced office?
Communal working spaces are a great place to consider if you thrive in busy and sometimes noisy environments. Shared offices offer you large shared spaces or desks and are the perfect space for sole traders, entrepreneurs and consultants to share ideas, throw around concepts and support each other. It can also provide the added benefit of networking with each other’s business contacts and grow your business in new and profitable ways.
Do you need your business to look a little more polished? Then you may consider a serviced office. These offices can include added benefits such as receptionists, boardrooms, your own office and IT services such as printer rooms and full time support.
How do you know what to choose?
Shared offices can be a little more cost effective. You can have the option to rent a desk, a corner or a space. These environments can be noisy and busy, if you thrive in this sort of environment then choose a shared office or communal space.
As the name suggests, a serviced office has more services available so carry a higher price tag. They are usually separate offices or smaller cordoned off spaces that may fit one or a few staff. They can have larger overheads but it can be easy to identify your outgoings when you visit the office and discuss your requirements with the office landlord or property manager.
Whatever you decide, finding a middle ground between running your business from home and renting your own office is a great way to lower your overheads and manage your cash flow while still moving your business into a new environment. One great way to get your business moving is a new location and may just be the ticket to see your business prosper.