When you first start your business, it is an incredibly exciting time. All cylinders are firing and you have more passion than you thought was possible for work. Where you operate your business from can make or break your ability to keep the momentum growing and scale to the next level. If you are considering opening private offices for your SMB, review these seven factors before you sign any contracts.
Unfortunately, office space is rarely free. You will need to dedicate some portion of your monthly revenue to covering the cost of your new office. When you rent an office space, you no longer need to worry about furnishing it. Office furniture can be quite costly. When you are just starting out, it is helpful to save money where you can.
Additionally, when you opt for shared offices rather than a traditional office rental, you have the ability to rent for a short period of time. Whether you work several months in different cities around the world or do not want to commit to a full year lease, a shared office space gives you the freedom to leave when you see fit.
Some private office spaces require you to maintain a proper look and appearance. If you are juggling multiple factors in your life (such as family, training, certifications, etc), you may not have the time or patience to clean your new office space. This is when renting a shared office environment may be more beneficial. With this type of rental, all of the cleaning is covered and the costs are already part of your monthly rent.
Depending on where you rent your new office, you may be required to have a certain level of insurance. Of course, having to carry an insurance policy for your business means you need to factor it into your budget. Before you fall in love with one or more private offices in a building, learn about any and all insurance requirements. If the rent is already at the top of your budget before insurance is considered, you may not be able to afford the space.
A gatekeeper is incredibly important for every SMB. This individual filters calls and in-person appointments. They set a tone for your business and provide a professional image. When you’re in a meeting or need 30 minutes of uninterrupted working time, your gatekeeper/front desk associate can do that. If you don’t necessarily have the budget to hire and train someone when you first open your business’ doors, renting from a shared office environment can be beneficial because a front desk associate is included in your monthly rent.
When you decide you want to display a professional image for your new SMB by operating out of an office space, you need to consider your commute time. If you need to handle family matters in the mornings and evenings, you do not want to have your office so far away that you have to reduce your operating hours (even if the rent is cheap). Furthermore, you need to consider how far your clients, suppliers, and other key individuals in your business will need to travel to your office if they desire an in-person meeting with you. These professionals are not going to want to dedicate half of their day just for a meeting.
Depending on where the private offices you are considering are located, they may or may not have accessible on-site parking. If your office space is downtown, you and your clients may have to park a few blocks away and walk. While this is not an end-all, be-all deciding factor, it is something to consider as it will continue to be part of your daily routine for as long as you rent the office space.
When it comes to renting an office space, you deserve to have access to it when you need it. If you work with clients around the globe, 24/7 access is going to be crucial for you. Otherwise, you will have to find somewhere else to conduct your business when the building is closed.
When you rent private offices in a shared work environment, you are provided a set of keys that give you the 24/7 private access you desire. Often times, the building has around the clock security, which provides additional peace of mind if you are entering or exiting at night.
We want to congratulate you on becoming a new small business owner. This is a wonderful achievement that will benefit you and your family for years to come. If you’re looking for private offices that provide you the flexibility, affordability, and accessibility you need to operate 24/7/365, look no further than the Jerusalem Business Center. Our shared office space provides you with a private room and the ability to rent a conference room whenever you need to hold a meeting. Better still, you will never have to worry about hiring a cleaning staff or picking up a broom. You can enter and exit whenever you need to conduct business. Please, do not hesitate to contact us to learn more about our private offices