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These days, offices come in all shapes and sizes. From virtual offices to hot-desking and leased floor space, it’s getting more difficult to be sure you’ve chosen the optimal solution for your needs, especially if your business is growing fast. If you feel a little intimidated by all that choice, these tips will help you work out what type of office space would suit your company best.

Leased Office Space

Once your business is properly up and running, it is possible that you will have special requirements that don’t fall within the realms of your standard serviced office offering. If you’re excited by the idea of designing your perfect office from scratch (everything from IT infrastructure to décor) you may appreciate the chance to begin with the blank canvas that is leased office space.

Leased office space only really becomes viable when future projections for your business suggest that you have a few years of secure trading in the pipeline. Renting your own workspace may not be particularly cost-effective if you aren’t in a position to sign a long-term lease, which would lower the overall cost. It’s also worth bearing in mind that you will have to manage every aspect of your office, which can be challenging if you’re used to the service office environment. Everything from carpet cleaning to ordering stationery and performing maintenance tasks will fall to your company. Depending what you’re up for, you might like to investigate outsourcing options. For example, to ensure you avoid IT disasters, look into customized managed IT.

Coworking

Working flexible hours according to an international clock is the norm nowadays, and if you’re hoping to retain your top performers, taking flexible hours into consideration could be beneficial. This is just one of the many reasons why startups are flocking to the countless coworking spaces that are popping up in cities all over the globe. These super convenient, and often extremely stylish, serviced workspace locations pride themselves on a community atmosphere, were people from all industries work together in a shared space. Most locations stay open 24/7, allowing you to come and go, as your schedule requires. Leases tend to be extremely flexible, with short term options as standard. Most of your needs are taken care of, from wifi to good coffee. The coworking demographic can be characterized as motivated, ambitious and young, so if you and your team would benefit from a competitive atmosphere with fantastic opportunities for collaboration, coworking could be ideal for you.

Virtual Office

A virtual office is, in a nutshell, running your business from home, or a far-out location while acting as if you have a well-located office. If this sounds like a good idea to you, don’t feel ashamed by the pretense: the virtual workspace solution is helping countless emerging startups fake it till they make it. Until you have your own real office, you’ll suffer from the lack the credibility that stops you from competing with bigger companies. A virtual office lets you put a professional business address on your letterhead, with the option to receive calls to a landline number monitored by a remote team, answering as if they were your employees.

Whether you’ve just launched a startup or you’re the owner of a mid-sized company, securing the ideal workspace for your business is not easy with all the options on the market. These pointers will help you narrow things down a touch.