When it comes to meeting the demands of flexibility and smooth integration, there is no better way to do it than taking up serviced office space and most business have now realized this. They are also suitable for people who want to make good use of capital and minimize the expenses that come with an outright lease. A new office lease may be an exciting prospect particularly for small sized business and startups but there are underlying challenges that you may not know of such as refurbishment and maintenance, upgrades and purchase of the equipment.
It becomes even more problematic when you consider the long-term lease contract as you may end up spending more than you budget allows you to even before the business picks up. You can however evade these challenges by using serviced office spaces. You can face a few problems however when you decide you find a serviced office for your business. Most of the serviced offices offer a plug and play feature. To make things easier during your search, you need to consider a few factors and you can read more here to understand some of the factors better.
Consider the location of the office. By choosing a serviced office located in a strategic place, you are able to grow your business much quicker. However, location is a broad topic and you need to consider various aspects under it. Look at how easy it is going to be for your clients and employees to access the office. Apart from that, you need to consider the security of the place and its surrounding regions. During your search, also look at the nearest ancillary services like bus or train stations and coffee shops.
Think about the cost. As a small business or a startup, finances may be a bit limited. Going over your budget limits is something you will want to avoid. The pay as you go plans that most serviced offices offer are affordable but it is wise to have enough money set aside to take you through the next three to twelve months depending on your business. For the rent, make sure it is not too expensive or too cheap. Ask yourself if you can afford to pay the required three month deposit upfront. Usually, there may be some hidden cots such as parking fees and maintenance costs that may not be included in the quote and it is important to ask about it. Do a comparison of the office you want to rent and the other offices in the area to find out if there is a parity in the prices.