If everything you need to set your business up is in place and yet you are lacking the premises to move into, there are a few things you need to consider. For starters, location plays a major role in your place and of course do too, does cost. You should also confirm the total number of employees you will be hiring at the star to ensure there is enough room for everyone. After all, you cannot expect much productivity if you pack them like sardines can you? Thankfully, there is good news for those of you who have been struggling with a space for a while, and here it is.
SHORT LEASE AGREEMENTS
One of the biggest issues a startup can face is an iron-clad contract that can extend for up to even five years. Seeing as how it takes some time to actually make any profits, this can be disastrous and in some cases result in bankruptcy. Which is why, the concept of serviced offices in JLT has been growing in popularity amongst first-time entrepreneurs. You only need to pay for what you use hence you can even negotiate a monthly deal which is perfect especially for those crucial first few years.
Another major benefit of this option is that you need not waste any time setting up as everything is already done for you. All you need to do is move in. Also known as downtime, this is crucial as it can hamper the progress of your work which is a negative thing especially at the start. From phone lines to utilities, everything will be taken care of which leaves you free to focus on what you want.
Just as you would need to maintain your home, you also need to maintain your business premises. There will be occasional, unexpected repairs that come up, and as a startup it can be difficult to invest both time and money in this. With serviced offices however, this will be taken care of for you. Generally, the building that they are housed in come with caretakers who then take the necessary steps to have the issue sorted out for you.
As with everything, there are two sides to every story and this is no different. For starters, you may find it irritating that you cannot express the company image within the premises as it is not yours and you will not be able to make such changes. After all, one day if you move to another location you cannot leave with your logo plastered all over the walls can you? Bear in mind that along with having to remain neutral, you may also not have access to shared facilities when necessary so think your decision through carefully.