4 Things for Entrepreneurs to Consider When Looking for Business Premises
The number of things to consider for a start-up business can be overwhelming, and your business premises is no less important. In fact, it might be one of the most crucial decisions you can make in terms of what can greatly affect your business going forward. Ensuring you have the right premises for what you and your business needs is an important investment.
Here are some starting tips to help you get on the right track.
1. The Environment
When building a business and choosing your first premises for your start-up company, it’s best to begin how you wish to proceed, and that should be as environmentally friendly as possible. Ask yourself:
If you’re planning on hiring a team in the long run, is the building easy for commuting? Can commuting be done via cycling or other greener methods?
Does the building allow plenty of natural light? This could significantly reduce energy bills and the need for artificial light.
Does the building have secure doors and separations, or is it one large space which could easily get cold and cost a lot of money to run heating bills?
These sorts of questions are essential to consider when looking for your perfect premises. Naturally, as a start-up, you’re not always in a position to be overly picky, but it’s best to arrange the best situation you can which you know you can fund in an eco-friendly manner.
2. Utilities
It’s important to fashion a budget and financial expectations for the running costs of the various buildings you might be considering and comparing. Although the building may look perfect, it’s a good idea to check the average cost of utilities in the area, and also what you would be expected to pay. Look at things such as high-energy light bulbs, heating arrangements, and other sources of power which will be used in the day-to-day running.
For a better understanding, compare business utilities with companies like Utility Bidder, who can help you save money.
3. Can Your Business Be Run Remotely?
Depending on what your business is, it may be that your premises doesn’t have to have it all and be a huge chunk of money pooled into a large space. If you’re looking for a relatively small team to assist with your business, and a lot of the work can be done remotely, it may be worth considering a small premises to serve a function and leave the main workload to be done either from home or public co-working spaces. This will significantly reduce costs related to power usage and square footage needed.
4. Choose Something Which Reflects Your Business
Again, this is dependent on what your business is, but consider your target market and how you want your business to look to a potential consumer or employees looking to work here. If clients are going to be visiting your premises, ensure that aesthetically it successfully represents the image you want to convey to them.
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