Tips for moving your business into a new office space.
If you are operating a small business out of your home, then growth might mean it’s time to move into your first office space. However, before you jump into this transition, there are some things to consider. Here are some of the things that you should consider.
- Determine the Right Size
If your business is growing, it may be hard to determine the amount of space that you need. If you choose a space that’s too small and you outgrow it, then you may be locked into a lease. However, if you choose a space that’s too big, then you will be wasting money on rent and utilities. To ensure that you choose a smart space, think about your business’s growth realistically. It’s usually best to get a space that can accommodate your current employees plus a few more.
- Calculate Your Budget
When choosing an office, you need to account for rent costs along with the cost of utilities, furniture, office supplies, and décor. You also need to budget for equipment (computers, printers, phones, etc.) and branding materials for the space. Before signing off on a lease, go over the contract with a fine-tooth comb to make sure you are aware of and have accounted for all possible expenses.
- Think About Lease Length
Signing a longer lease can help your business save money. If you are positive that your office space will be adequate for a longer period of time, then lock in the longest lease possible. This way, your rates are locked in even if rent goes up.
These are some of the things you should consider if you are moving into a new office space. Making major changes in your business? If so, then it’s time to update your business insurance. For assistance with all your commercial coverage needs, contact the experts at East End Insurance Agency today.