WHEN TO MOVE TO A STARTUP OFFICE SPACE
A question we’re commonly asked is when is the right time for a startup to take the plunge and move to an office space. Does a startup really need an office?
It’s a personal decision that takes into account a number of factors, but more often than not it’s to do with a growing headcount, and increased necessity from clients, customers, or other business partners. If you’re currently a startup working from home, the decision to move to an office often signifies a step change in business performance, be it from extra customers, or taking on new staff.
Costs for office space can be more affordable than you might think, and the benefit both in terms of mindset, as well as strategically, organisationally, and publicly having a space to call your own can mean you’ll reap the rewards. In short, it’s different for every business, but when the time is right, we can help you manage the entire process.
WHAT TO CONSIDER WHEN CHOOSING YOUR START-UP OFFICE SPACE
It is important to consider the needs and goals of your business when choosing the right start up office space. The space should be flexible enough to meet the needs of your business going forward, to grow with you rather than hold you back. Your office space should also cater to how you and your staff work best, as well as help nurture client relationships and attract new talent. We’ll work with you to determine your exact requirements, but consider:
Location
Another important consideration is the location of your office. Your office should be easily accessible for staff and clients alike with quick transport links, benefitting from local amenities as well as the surrounding business network. With our expert knowledge of the commercial property market, we can help you find start-up office spaces in a host of desirable locations, including South London, Midtown and North London depending on the needs of your business.
Size of your team (today and tomorrow)
Headcount is the other major consideration and will guide you in terms of floor space required. As a startup, your team might be small, agile and flexible, but always account for growth. Your team of one will hopefully swell in size as your business grows, and you’ll need the floor space to accommodate your growing number of employees — even if you work hybrid or flexibly.
Amenities and facilities needed
Finally, consider amenities, both within your office and nearby. Having access to superfast reliable broadband is often high on the priorities list, but also consider other facilities like in-office gyms, showers, parking, and the multitude of other modern conveniences that today’s offices afford. Particularly within startups, there’s an expectation for experiential office spaces, allowing better work-life balance.
If this all sounds like it’s a lot to think about, it is! When you are just starting out, deciding on your first office space can be quite overwhelming. Our team have helped many start-ups transition into their first offices, so we are experienced in getting you the ideal office space that works for your business. As your business grows, we can help you grow with it.