Managing the financial side of your start-up can be difficult within its first months or years, and you might not have the resources or the funding to be able to invest in a huge office space off the bat. If this is the case, here are some of the best ways that you can find great office space on a budget this year.
1. Look at Co-Working Spaces
Co-working spaces can often provide a great way to get your employees in the same room without having to hire out the entirety of a private office. Not only are co-working spaces much cheaper than other alternatives, but they can also allow your employees to be inspired by others, and you might even be able to make connections with other businesspeople in adjacent industries. Instead of writing co-working spaces off, many are extremely peaceful and allow your employees to have their own desk whenever they need them. Not only this, but you usually pay per person, ensuring that you are only paying out the exact amount that you need to. In this case, you should look at the co-working spaces that companies like thebrew.co.uk have to offer to find one that suits your business.
2. Look Further Afield
There are many cities which now have a lot of empty office buildings. If you are based in a large city such as London, New York, or Los Angeles, office space might be incredibly expensive, and you might struggle to afford the space you need. Instead of giving up, you should consider looking further afield at office space in the suburbs or in different cities altogether. This could help you get the office space you need without the huge price tag and ensure that you are not stuck working from home for the foreseeable future. However, when you are looking further afield, if you have already hired employees, you need to check how easy this location is to commute to and whether it is worth the steps that it takes to relocate your employees.
3. Skip Fancy Spaces
Instead of choosing a state-of-the-art space for your first office, you should instead consider looking for office spaces that can offer you the mere basics when it comes to equipment facilities. You do not have to stay in this office space forever, and simply finding one that has desks and a Wi-Fi connection could be enough until you can get your business on its feet and until you can afford a more upmarket one. However, this should always be weighed up against your employees’ satisfaction levels and whether your company can function effectively within the cheap office space you have just found.
Finding office space on a budget can seem impossible in the current financial climate. However, this is not the case, and through research and compromise, you should soon be able to find the perfect office space to suit your employees. This office space can form the springboard from which your business can go from strength to strength.
