Location, location, location. These are the three most important things that will be drilled into you when it comes to starting up a business and setting up an office. While it may seem overbearing at first, you will quickly come to realise that actually, location is extremely vital in the success of your business. Knowing exactly where the right location for your business may be is important, and while you may walk into an office building where your imagination begins to fill in exactly how you want it to look, that doesn’t necessarily mean that this is the right location. We’ve put together a quick guide on how you can get an office in the best location.
As with any investment, it is imperative that you put the time and effort into researching the areas that you want to base your office and business in. Considering who needs to get to your office, where they are coming from, what your ideal office looks like, how versatile you are with your office requirements, whether there are any necessary facilities that you need to include and much more is all exceptionally important when it comes to finding the best possible location. In some cases, the location of your office will not necessarily impact how well your business runs, whereas with others, it is imperative that the office is a central location that is easily accessible. Work out what you need from your office and this will be the first step when it comes to finding the best possible location.
One of the biggest considerations when it comes to finding the best location is your budget. While you may want to have your office located in central London in one of the biggest hubs for your industry, this may not always be viable in terms of your budget, particularly if you’re a start-up business. Balancing the cost of your commercial property for rent in a central location is exceptionally important, as finding the middle ground is where you will find the perfect property for you. In some cases, you may even be able to negotiate the lease with the landlord, and in some cases get the first month’s rent for free, or at a reduced price. In addition to this, you may be able to get discounts on bills through the help of your landlord, making renting a property in the perfect location even more affordable.
One of the most important part of all business ventures is your network and the connections that you have, not only in your particular industry but throughout every business. The stronger your relationships are with other businesses and professionals, the likelier you are to be the first to know about properties that are up for sale or up for rent. Networking and relationship building takes a lot of time and crafting but that doesn’t mean that it can’t be done. Once you have built these relationships, these will generally last a very long time, if not throughout your entire working career and beyond.
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