Where is your company going to be in two years? In five? Even if you have a very detailed business plan that outlines your future success step by step you can’t be exactly sure how your business will do and how many employees you’ll have until you walk the walk.
Is your office space prepared for your growth? Since you can’t say for sure how big the size of your business will be in the next few years, it’s impossible to tell how much office space you’ll need. What’s a business owner to do? Signing a multi-year lease for office space paints you into a corner. If your business doesn’t grow to meet the size of the space, you’ll be paying for space that you can’t use. Because you are locked into your lease, your overhead for your business will be greater than your need for space. Paying a lease that is too high for your needs can suck up capital that could be used to grow your business.
On the other end of the spectrum, consider what happens if your business quickly outgrows the space that you’ve leased? Your employees will be crowded into a small office space, which can hurt productivity, increase tension, and damage your reputation with clients. No one wants to meet with a company that’s overflowing with paperwork and people. Moving to another location can be disruptive to your employees and customers, especially if you depend on foot traffic. Suddenly moving to a new building or a new office can be bad for business!
If your business needs physical office space, you may feel stuck when it comes to choosing office space. Finding office space that is just right for your business – that won’t have too little room or too much room – is difficult when that number is a moving target. But there is a better solution that will give you room for growth but which also gives you the consistency of permanent office space.
Business centers can give you the flexibility that you’re looking for. Leasing a small office in a business center can be a perfect solution. Business centers offer you the ability to start small with one office and then expand to two or more depending as the size of your company changes. You won’t have to move locations as you grow, and you won’t be stuck paying for more office space than you need.
In addition to being flexible in size, business center offices also come with extra perks like a full professional office staff (off your payroll,) impressive waiting rooms, wireless internet, conference room access (including presentation equipment,) copiers, and other essential infrastructure.
The sky is the limit when you opt for a business center location over a traditional office space. You won’t be limited by a long term lease in a regular office that may either be too big or too small for your needs. Go with a business center and let your office space grow with you.
Research Analyst, Pacific Business Centers (rebranded as Pacific Workplaces)
Courtney’s research for Pacific Business Centers focuses on tracking emerging business trends and best practices – with an emphasis on how they affect business operations, technology, and the future of work trends.