In recent years, co-working space or a small office in a serviced office environment has been where many young businesses establish themselves. But for those who are outgrowing space with new staff and new capital, it may be time to look towards a permanent office address.
So where do you start? What do you look for in an office, and how can you make it the best home for your brand? We asked Morgan Lovell to provide some practical tips and advice to anyone thinking of looking for new business premises. (more…)
Your new venture might have first spread its wings in the comfort of your own home, but most start-ups need to fly the nest at some point.
Whilst sending emails from your sofa in your onesie undeniably has its charms, there comes a time when moving your business forward requires giving it its own four walls.
Moving into a proper office can make what you do seem a whole lot more real – but it’s a daunting move to make, and with more options available than ever before, it’s unsurprising that many small business owners make the wrong decisions, or delay the move from home entirely.
To help you choose the best route for your business, we compare the more traditional option of renting an office on a commercial lease and the serviced office option. We look at what each one gives you and highlight the benefits and drawbacks of both, so you can come to the right decision.
If you’re about to launch your new business and need premises, or have started up successfully at home and now need space to expand, this is an exciting time!
Moving into an office or retail premises for the first time says something about a business. It can make your operation seem more “real”, meaning your dreams are actually happening.
But getting business premises brings a whole new set of pitfalls that you have to watch out for. You shouldn’t allow these to put you off; but you do need to be aware of these potential dangers so that they don’t sour the experience and hamper the growth of your new venture. (more…)
Finding the right premises is one of the most crucial decisions when starting or growing your business.
Many firms are successfully started from home – that’s certainly the most cost effective place to base your business in the early years. But as you grow, or if you have a business which needs a lot of space early on, you will need to find premises.
Here are the main points to consider while weighing up the pros and cons of renting versus buying:
More than 60 per cent of the UK’s new businesses are now started from home.
It’s a very sensible way to get going. You remove a lot of the financial risks by operating from premises you are already paying for. And it’s a lot easier to make the right decisions early in the life of your business if you’re not waking up each day wondering how you’re going to pay the bills.
As your new venture grows you may find your business has outgrown your spare bedroom. You might need extra space, or perhaps want to take on staff without them tramping around your house. Or maybe you have clients visiting your home and want to present a better image.