Every entrepreneur aims to cut down cost and maximize their profits. This is particularly crucial for start-ups. One way to achieve this is by choosing an office space for lease. Serviced offices eliminate the hassle that comes with managing utilities, furnishing, maintenance, security, and many others. This gives you sufficient time to focus solely on growing your start-up. However, what should you know before renting an office space? Here are several tips to aid you in making a sound decision.
1. Is the location good?
It always narrows down to the location when it comes to a successful business. A good premise is highly accessible and well-located, bringing great convenience to potential customers, customers and even employees. A good location also allows your employees to travel conveniently and places them in a positive mood. In addition, by having a good premise, it reflects well on the image of your company. Therefore, the location is a crucial aspect and ought to be the top priority to consider if you hope to grow your start-up.
2. What type of office do I need?
There are different types of serviced offices, such as the private serviced office and co-working space. To pick the right type of office, you will have to put into consideration the number of employees you have, as well as the kind of activities they will be undertaking.
3. Does it have any hidden costs?
You should be able to account for all the expenses of your new office, including costs that may not be so obvious. Besides the rental, you need to cover the moving expenses, as well as other underlying costs. This is why it is wise to seek the assistance of a professional broker, as they are skilled and experienced in handling such matters.
4. Will the working space be sufficient for my employees?
For this, you will have to consider the number of employees who you plan to bring on board, as well as the amount of operational space. Your business is still starting up and open to growth. Therefore, it is also important to take note of this factor when you select your first serviced office.
5. What amenities are included?
You need not worry much about the amenities as most serviced offices are fully equipped and provide the necessary amenities. This includes desks, office chairs and many others. Serviced offices are perfect and the ideal choice for a start-up as they help you save and cut down on your expenses.
6. Is the parking space okay?
Another crucial attribute that you should inquire about is the parking space. Depending on the size of your start-up, the new serviced office ought to include adequate parking space for clients and employees. In addition to a convenient location, the parking fees should also be reasonably-priced.
7. How about the security of rental rate and lease?
It is imperative to safeguard your rented office against any sudden rent hikes or other shortcomings. Also, the final thing you will need for your start-up is an unprecedented expense. Landlords can be very nice during the lease contract negotiation process until you sign it and move in. That is why you have to counter check every document and read through all details such as rental rates etc., carefully and thoroughly. You should also seek for feedback if you face any uncertainties.
Here at GreenHub Singapore, we seek to provide you with the utmost convenience and comfort for you and your team. Our green modern office spaces of tranquil setting supply you with all the technical needs you require and ensure proficient and memorable work experiences for you and your team.