Top 5 Things to Keep in Mind to Built a Startup Office

Most of the businesses start at a smaller level and then when you put in years of hard work and expertise your business glorifies into a successful company.

Whether it is a small office in a garage or a corner shop, a startup always, have a chance of growing into something better and bigger. Here are some things that you need to consider before finalizing the deal for new startup office.

1. Location is Important

Placement of your office is highly important. You need to select your office according to your field. For example, if you are in the finance sector, you may want to rent offices in London’s Square Mile. You should narrow down the target by listing the locations near the neighborhood. Distance is an important factor. You need to find out the time required for commuting from your office to other commercial areas, accessibility and modes of transition available for reaching your startup office. Try to pick up an office close to people with whom you are going to be associated in business. This makes interaction easier and decreases stress level.

2. Check the Infrastructure

Another important factor that you must never miss while selecting an office space is the availability of facilities and complete infrastructural features. Irrespective of the glossiness of the construction, any business in today’s world cannot survive without the basic features such as phone lines, solid internet connection and more. So, before signing on the dotted line for the office lease, check whether the area has ample bandwidth, enough connectivity and offers good choice of service providers. All these resources are vital for the rapid growth of any business.

3. How Much Space is enough?

Usually while choosing space for an office you must consider it according to the number of employees in your team. Ideally, 175 square feet space for working per employee is enough. However, if you are working on a stringent budget, you can trim down this ratio a bit. Design the office space according to the utility areas. Certain office areas have to withstand heavier traffic flow so the design and infrastructure should be arranged accordingly to maximize the productivity.

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4. Transparency in The Deal

Since your office is going to be very important for the success of your business, you must have a clear deal with your landlord or the broker with whom you are dealing.  Do not leave anything for the future because once you have established your business in a particular location, it will be difficult for you to move out in case any problem comes up. Talk clearly about the need to break down a wall or change the interior to make your office more spacious. Discuss with your landlord the flexibility you will require while designing and setting up your startup office at the location in advance so that you can go ahead without any hindrance when the need for expansion arises.

5. Compare the Price

If you are interested in an office close to commuting areas with good infrastructure and top of the line facilities, then, it sure is going to be quite expensive. If the rent or the lease amount is not within your limits, then, you will have to compromise on either of the above factors. Being realistic is highly important while selecting a startup office for you as lot of overhead expenses right from the start can prove problematic for the sustenance of business.

Even though at the start you might have to face some space crunch, you will need to think of the rent and other expenses before finalizing the office set up.