There is great importance attached to identifying the right office space for your first start-up. This is because your choice of office space has a profound impact on various issues related to the success of your start-up. For example, the wrong choice of location can easily lose you clients by making your office inaccessible.
A large number of modern-day landlords prefer to lease office space for a minimum of three years, thus making it even more important for startup owners to get the right office space. Discussed below are five crucial considerations to make when looking for your startup’s first office space.
Your Startup’s Future Needs
When looking for your startup’s first office space, it is important to think of your startups future needs which are bound to have an impact on the space requirements. It would be a good idea to lease extra space that will accommodate your growing business needs over the duration of the lease.
In the event that you’re not in a position to pay for extra space immediately, be sure to add a clause in the lease agreement that allows you the first right of negotiation should there be any vacant space mid-way through the duration of the lease.
Accessibility For Your Clients
The ideal location for your startups first office should be easily accessible for your clients. Clients should not have to spend a lot of money commuting to your offices or else they will seek a more accessible service provider. It would be a good idea to choose office space in a location that is in close proximity with your startup’s largest client base.
Think Of Your Most Crucial Employees
Another important consideration to make when choosing office space is the proximity of the location to your most crucial employee’s areas of residence. The longer your key employees have to commute coming to work, the more expensive it is for them.
This can easily prompt them to seek employment with other industry players in the same line of business. Because you cannot afford to lose these employees, be sure to seek their opinion on your chosen office premises.
The Parking Situation
In the ideal situation, you startup’s first office should provide adequate parking for clients as well as employees who may wish to drive to the office. In a large number of cases, parking space is shared among the various occupants of the office building. It is a good idea to walk through the parking area and confirm how many spaces will be reserved for your business should you decide to lease office space.
The Available Local Amenities
Last but not least, you need to ensure that your chosen office space location is in close proximity with the social amenities that are most relevant to your business. For example, startups that handle large amounts of money in cash on a daily basis should not be located far from a bank. Other amenities to look out for within the office premises include quality washrooms, conference rooms and possibly a kitchen area among other amenities.
There are several other considerations to be made when choosing your startup’s first office space. Remember that that there is no room for mistakes on this decision if you hope to have a successful business.