Finding the Right Environment for Your Small Business.
When starting out as an entrepreneur, finances are usually tight – which means working from home is usually the initial solution for office space. Although working from home does afford some benefits such as a lack of commuting time, there are some disadvantages as well. Feeling isolated when working from home is common and motivation to work hard can be difficult to find when there aren’t other workers around. In addition, conducting meetings with staff or potential new clients presents challenges when there is only a home office available.
Finding a better work location to run your small business can be worrisome, but is important in order for your business to continue to grow and be successful. Below are some factors to consider when choosing the right environment for your small business.
Consider Your Budget First
Taking some time to consider how much money is available in your small business’ budget for an office space is the number one factor to be considered. Determining the amount of money you have available for office space will help you decide where it can be located, how much space you can use and if renting or buying a location is an option.
Which Amenities are Important for Your Business?
Before looking for a workspace, spend some time considering what amenities are required by your business. Is a conference room necessary for meetings? What about kitchen space or AV equipment? Would you like a certain office layout? Making a list of your business’ wants versus needs will help make choosing a location easier.
There’s No “I” in Team!
Not only do you need to find a location that will be comfortable for your team, but thought needs to be given to future business needs as well. Will you be expanding, thereby requiring more staff? Be sure to consider your business’ growth when researching new locations.
A Cost-Effective Alternative to Working from Home
One way to keep overhead costs to a minimum with still reaping the benefits of working around others is to consider working in a co-working space. Being surrounded by others can help fuel creative juices, as well as provide networking opportunities. Not only that, but worries about hydro rates, printer ink and coffee shortages are non-existent within co-working spaces!
Hawke’s Bay’s Newest and Largest Co-working Space!
Interested in seeing for yourself what the advantages are of working in a co-working space? If so, come for a free tour of City Space, the newest and largest co-working space in Hawke’s Bay. Located in Hastings, City Space offers a variety of beautiful, modern work spaces which are used by other like-minded, professional entrepreneurs. Experience the difference that working in a co-working space makes to your creativity and innovation! Contact City Space for more information.