Where To Rent Office Space

When you set out to rent office space, it can be a little tricky at first

. There are a number of things to consider before you even start browsing the ads, and there's plenty more to consider while browsing. Below we'll list just a handful of things worth keeping in mind as you get your business going.

Do You Need Office Space?

Obviously, you can skip this question if you're actually looking to run a full office, but if you're running a small business, you may want to stop and ask: Do I need this office, or is this something I can do from home? If customers aren't going to be coming in throughout the day, if you run your office by phone, fax and email, then you'll want to ask yourself whether or not this is something you could accomplish by clearing out your guest room or garage.

Does It Have To Be OFFICE Space?

Office spaces are usually located in the district of town where people can actually find you: Downtown, main street and so on. If you're going to be taking walk-ins, then this is optimal. On the other hand, if you're going to be working by appointment, perhaps a studio apartment converted to an office would do the trick.

This really comes down to location more than anything as, honestly, an office is just a studio apartment in the first place in terms of layout, features, fixtures and so on. You have your office room, your bathroom and maybe a kitchenette of sorts. If you can find a nice studio apartment to do the trick, why spend extra on office space?

Again, this depends on the nature of your business. Some offices simply need to be downtown.

What Sort Of Income Will You Be Making?

That penthouse office with the beautiful view is a great choice if you can afford it, but don't spend money you haven't earned yet. Make sure that you're moving into an office that's actually within your budget, one that won't leave you wondering how you can make business keep up with business expenses. Unless you're sure you can afford it, modesty is usually your best bet, and the best way to keep the profit margin comfortably high.

Of course, if you can find a nice office/apartment and cut your living expenses down, then that's another great way to cut expenses while increasing the profit margin.

by: Lance Thorington

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