One of the great things about working for yourself is that, for most of us at least, you can do it from home! As good as this is, as your business grows and you take on staff, then it’s likely you’ll need more space – even if it’s not all the time, having your own office can help you look more professional and help separate work from your home life.
Buying an office is expensive and risky, plus potentially limiting. If you outgrow it then you have to sell before you move on, an increasingly difficult task with the currently unstable property market. Renting can therefore provide a great solution, offering flexibility in terms of price, office type and length of lease.
If you need a whole building, part of one, a room or even just a desk, there are options to suit every situation and budget.
For truly hassle free leasing, serviced offices provide a great solution: Fully equipped and managed, individual offices or floors are rented out. You don’t have to buy computers, desks, phones and cleaning and maintenance will all be taken care of – some even have a reception service, perfect for giving the right impression to customers. This is a great choice for a business that needs to look flash without the cash – the costs of setting this up from scratch would be prohibitive to most small companies.
Whether serviced or not, different spaces tend to attract different business types and by getting yourself in with the ‘right’ pool of companies, this could greatly enhance your own offering. Creative environments can be inspiring and if you work alongside a complementary business you may be able to help each other out and go for jobs collectively. If you know a number of businesses in the same position as you, why not pool together and share a building.
With risk low on many people’s agenda due to the economic difficulties the country is in, renting a workspace, short or long term, is a great option for any fledgling business. If you expand and everything goes well, you can move on to somewhere bigger and better, but if things don’t work out in your favour, then it’s easy to leave without incurring too much financial hardship.
About the author: Jessica Lowe writes on behalf of Office Genie, the UK’s first proper online marketplace for desk space and shared office space