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Choosing Your First Business Premises as an Entrepreneur: 4 Top Tips

StrategyDriven Starting Your Business Article | Choosing Your First Business Premises as an Entrepreneur: 4 Top TipsMany entrepreneurs are used to working from home or working remotely, but if you’ve developed your brand and built your business substantially enough to move into the property market, you’ll want to find the perfect premises that work for you.

Finding your first physical building or office space to contain your business can be a daunting (and costly) step, but it should also be an exciting time that allows you to concentrate on moving your business forward.

Here are four tips for finding the right premises.

1. Choose to Buy or Lease

This is going to be an important first step, as it’s going to impact you financially. There are pros and cons to both options, and a lot of it is going to depend on your initial budget. As an entrepreneur, it might be that you simply don’t have an upfront deposit to buy a property, however much you would like to. Renting can be a much more flexible option for entrepreneurs, as you don’t need as much money upfront and you have the flexibility to leave the contract and find alternative premises when your business grows or changes in the future.

Of course, buying can be a great investment if you’re looking to make money from a property, and it also allows you more freedom to make any desired changes to the building.

2. Think Carefully About Your Location

For certain businesses, location is everything. If you are a physical store or if you are going to have consumers or clients visiting your property on a regular basis, being stationed in a location that is easily accessible will be a must. You should think about being close to public transport links, busy towns, and city centers.
If your business doesn’t depend on external visitors, you still need to think about commutability for your employees. If your property is quite remote and some of your employees do not drive, it is going to be difficult for them.

3. Consider Any Renovation Work

You may find the perfect property, but it may take a little extra to make it the most suitable for your budget. Renovation work can be factored in, if you have the means and budget for it.

With buying, you have more freedom for renovation, but renting may also be flexible if the landlord is happy for you to take care of the renovations yourself. Always remember to get professional guidance on large jobs, such as reroofing from Lidoran.

4. Stick to Your Requirements

Know in advance what you require from a building and stick to it. Don’t compromise on requirements, as the daily workings of your business will suffer in the long run. You need to think about:

  • General office space
  • Warehousing space, if necessary
  • Parking facilities
  • Other facilities, such as a cafeteria
  • A reception or lobby

Conclusion

Finding a property is all about preparation and budgeting in advance. Knowing what you need ahead of time will ensure that you can then price-match your requirements with what you have, and make a more informed decision regarding affordable properties and whether you buy or lease them.

Is It Time to Upgrade Your Office Setup?

StrategyDriven Managing Your Business Article | Is It Time to Upgrade Your Office Setup?

Whether it’s a home office or the top floor of the tallest building downtown, upgrading your office space can transform your business’ productivity more than you might expect. While you might have a sleek and stylish office already, it can always be better. Upgrading your office could spark increased creativity, satisfaction, and a feeling that you and your employees can get this done, whatever this might be.

But where do you fall behind when trying to upgrade your office? There are so many things to consider, from the equipment you use to your surroundings. Here are some tips on what to consider upgrading your office setup and reaping the benefits.

The Equipment

Whether it’s your computer, office chair, desk, printer, or even desk toys, upgrading the equipment in your office can make everything run smoothly. If you’re looking for increased comfort, investing in better ergonomic chairs for you and your employees will prevent the back stains and complaints. Likewise, company-provided laptops will make it easier for everyone to complete work from home.

There are too many businesses that rely on old equipment because they don’t feel it’s worth upgrading it. But outdated equipment can ruin productivity and lead to nothing but frustration for your staff. If you’re looking for a happy office with top morale, the best place to start by investing in shiny new toys for them to play with.

The Systems

Network systems are something you must keep up to date, as this ensures that you can keep your data and information safe from hackers and similar security threats. Investing in robust Network Cabling Services will make this a reality and also mean that you have a system you can rely on.

It might also be worth thinking about upgrading the operating systems that your company uses. While most people will use Windows 10 or macOS 10.15, company computers seem, curiously, stuck in the past, with some machines still running Vista. While this could be considered more secure than others, it also cannot handle the programs that could be beneficial for your business, so even jumping up to the next generation would make a huge difference.

The Energy

Being energy efficient is a significant thing in the modern business world, and it doesn’t matter if you work from home or run a large office, you want to do everything you can to save money on your energy bills.

Upgrading from your existing, migraine-inducing fluorescent lights for something more comfortable on the eyes is the first step. Still, you can also consider looking for a way to bring more natural light into the office. It is, however, unlikely that you’ll be able to replace windows outright. Even so, you can think about rearranging the office layout to make the most of the light and space available.

The Surroundings

No one wants to sit in a dull and study office, but while you don’t want to fill it with too many distractions, such as a ping pong table or something similar, it doesn’t mean you can’t still have fun with the overall design of the office.

Everything from employee artwork to house plants dotted around will create an atmosphere that you and your employees will be glad to work in. It will provide a sense of personality to the office’s overall style and design, and make it a place where you and your staff will feel comfortable, relaxed, and ready to get on with the day.

The Policies

If you’ve not already noticed, the professional world is changing. Companies are embracing the opportunities of working remotely, allowing flexible hours, as well as outsourcing tasks that will help others free up their time so they can perform better.

It could be that it’s time for your office to update its policies and see the benefits that doing so can bring. Studies show that flexible working can increase employee productivity, despite some believing the contrary. This will only prove beneficial to your business and the morale of everyone in the office.

Space to Breathe

Not every office needs to be a painfully minimalist adventure in subtlety. You can use it to reflect your company and your employees. The days of the stuffy office are long, long gone, now it’s all about personality and oomph to motivate and drive employees, even if the only employee is yourself. Whether you are upgrading your office systems or its surroundings, there is always something that you can explore to boost your satisfaction, security, and quality of service.