Choosing a workspace for your business is a huge decision. In fact, for many businesses, this step in your organisation’s journey, is often considered to be one of the most monumental and important decisions you are likely to make. This is where your business will call home for the foreseeable future, it is the location that people will associate with your business and it’s a chance for you to make a lasting impression on your clients going forward.
Before deciding on a workspace for your company, there are a number of things you need to evaluate and check before you sign the bottom line. Just like buying a home, you need to ensure the building is structurally sound, that the plumbing and electric are as advertised and that the office will be fit for its purpose. You should also take some time to research the area and ensure that you are comfortable with this being the location that your company will grow and evolve over time.
Continue reading below to learn some of the things that you need to look over thoroughly before buying a workspace for your business.
Is the Building ‘As Advertised’?
When moving your business operations to a new location, you need to ensure that the building is fit for purpose, that it’s structurally sound and that it comes as advertised. You don’t want to send up spending a fortune on repairs, installations and contractors to bring the place up to the standard you require.
Have a commercial plumber look over the pipes, the heating and the plumbing of the building before you commit to the purchase. You may consider consulting with an engineer or a quantity surveyor to give the property a thorough once-over to avoid any expensive surprises down the line.
Self-Evaluation
It’s important to evaluate your needs in detail before you commit to making any kind of purchase. First of all, you need to decide if you really need to buy a property or could leasing be a better choice?. Conduct an honest and in-depth analysis of your operations to ensure you make the right call and avoid putting yourself under any unnecessary financial pressures.
It’s also important to give some thought to how your company is likely to grow in the next couple of years. You don’t want to find that your organization has doubled in size, you have no physical space to expand your operations and you have to start the entire process of finding a suitable workspace all over again. Plan for what’s coming and make a decision that will future-proof your business going forward.
Location, Location, Location
We’ve all heard the old saying ‘location, location, location’ and it really should be a major consideration when choosing a property to operate your business from. Think about what you need from your location, what services you are utilising for your business, what kind of business you are operating and perhaps most importantly, where your customers are.
Once you have narrowed down the list of potential locations, you can start actively looking for a workspace in the location of your choosing, knowing that it meets your requirements. Remember to pay attention to any future development plans for the area which may have an impact on your business operations.
Secure the Best Workspace Location for Your Business
There are a host of things to be on the lookout for when you are buying a workspace for your business. However, with some careful thought and planning, you will be able to put yourself in the best position possible to make the right decision for the future of your business.
Be sure to thoroughly check the building structure, so that you know if there will be any problems or issue to budget for going forward. Consider where you are now as a company and where you see yourself in the next few years and be sure that the property you are looking at can meet your current and future needs. Finally, put yourself in a location that will allow your business to thrive and grow for years to come.
