Ready for Office Space? Check This Out Before You Make Another Move
Hey, congrats. If you’re considering finding office space, it means you’ve got a good thing going. Just like any step you’ve taken to grow your business before, this one should be made with care. After all, this is where you’ll be taking over the world from… you want it to be cozy, right?
Consider this your definitive guide to all things ‘office space’ – a handbook to get you from dreaming of exposed-brick walls with your logo on it, to finding the perfect fit both functionally and aesthetically. Let’s do this.
First, arm yourself with a bit o’ self-reflection. Here’s a set of questions to ask before you hit the market so when you do arrive, you have a good idea of what you need from an office:
What is your budget?
- What are your current expenses?
- Consider everything from what equipment you’ll need to buy to the monthly internet bill.
What do you need from the space?
- Do you meet with clients a lot?
- Are your meetings confidential in nature?
- What about parking?
- Is there a specific area of town you need to be in?
What are your plans for growth?
- How big will your team be in a year? Two?
- Do you need space to manufacture your own product?
This should give you a solid idea of what you’re looking for as you begin to hunt for the place your business will call home. Keep your list of must-haves with you, acting as a guide as you search for the perfect place.
There are a number of exciting options to consider when choosing what sort of space is best for you! Let’s run through the common solutions, and the unconventional, modern twist on how people do ‘office’.
Buying Office Space
I’m just going to jump right in and start with the greatest investment. Buying office space is not for people with commitment issues, so if you have a hard time picking which muffin you’d like on your morning coffee run, give it a bit of thought before diving in. Buying space is a good option if your business process involves seeing a lot of clients, producing your product in-house, or when you have a very clear growth plan. Buying also means you gain an asset for your business, and aren’t spending your money on rent that won’t see any return.
There are many options within buying that could combat the high costs of purchasing your own space. Some people rent a portion of it to another company, others purchase a house that’s zoned for commercial use. Hook up with a local real estate agent or business mentor to dig deeper before taking the plunge!
If you aren’t ready to take the plunge and buy a space, you could be one of those who rent from a company who has. We have a lot of space at Hubba HQ, and have rented to start ups who share the same ethos we do. Airbnb, Brightspark and Upside Foundation are just a few people who have hung out with us.
Although it may be a bit tricky to find someone to share space with – get connected to your industry’s community! – once you’re in, the benefits are plenty. Having a kindred spirit in the building proves valuable in moral support just as much as splitting a utility bill.
Of course, there’s always the option of keeping the office in your home. There’s a ton of obvious perks; no rent or overhead, and the fact that you get to write off a portion of your related living expenses to the biz. We even know a woman who managed to grow her brand from an Etsy shop to wholesaler from her spare bedroom. Ain’t no shame working in your pajamas, friends.
This option is for you if you like coffee, pastries, and people watching. Sounds perfect, right? Working in public space tends to be most effective for self-starters… which you likely are if you’ve built your business from the ground up. It’s also a nice break if it’s just you and your computer on the daily. Hanging at a café or park can quell that lonely feeling you get when you’re in bed working and realize you haven’t spoken to or seen another person in a few days.
There are a couple ways to go about working remotely. I have a friend (a writer) that spends every day from 9-5 sitting in a secluded corner in the library, forcing himself to feel inspired to do work. He gets a ton done, but I would go insane. I like to find a patio I’ve never been to, throw some headphones on and get to work.
Or there’s these guys, who definitely have it right.