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Lease, Buy Or Build: How Will You Bag Your First Office?

Estimated reading time: 2 mins

When it comes to being in business for yourself, you can often find that you’re just happy to get started doing what you’re doing, wherever that is. It’s the reason that so many of us start businesses in our bedrooms, or work from coffee shops at the start. Because at the end of the day, it’s the business itself that matters, not where you build it from. But then, at some point, you may find that you’re ready to open your first office. Whether you need to take on employees and need somewhere to put them, or you want to be able to entertain your clients, you’re going to need to figure out how you’ll get an office, however you go about it.

Decide What You Need

First of all, to help you make the decision of where you should be, you need to ask yourself some key questions. Because choosing an office is a big decision, and you need to be sure that it’s right for you. Whether you need to consider the location, or the layout, these are all things that you need to ask yourself now, before you start looking at options, and keep in mind during the entire office search.

 

Weigh Up The Costs

From here, you should then think about the costs. Because when it comes to choosing an office, your main options really are to lease somewhere, buy somewhere, or build a space yourself. And to do this, you need to know what’s going to work best for your budget. Consider all of the costs – both upfront and in the long run. Because even with an option like leasing, you’re going to need to be making payments for the duration of the lease period, and that’s something to consider.

Speak To Contractors

You may also find that it helps you to speak to a range of contractors. Because even if you choose to lease, you may need to make some adjustments to the space to make it suitable for what you need. So get yourself in touch with builders, chartered surveyors, decorators and anyone that could help you to make a decision. If you are planning on buying or building, these contacts could even be essential to ensuring your office dreams are made a reality.

Ensure It Suits Your Setup

Whether you’re unsure of the type of office agreement that you want to go for, or even the exact space itself, you need to make sure that the choice you go for works with your business set up, and won’t hinder it. Because your office really does need to complement the way you run your business and how you go about your day if it’s going to be the right place for you.

Sleep On It

With all of these ideas and thoughts going around in your mind, you’ve got a big decision on your hands. So it may be worth sleeping on it. There are lots of things you can do to help you to make a big decision. And the important thing is not to rush into anything, but instead to find out what will be the right choice for you.

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About the author /


Simon is a creative and passionate business leader dedicated to having fun in the pursuit of high performance and personal development. He is co-founder of Applied Change, a Business Change consultancy based in the UK. Simon is also an Ambassador for Gloucestershire business. Simon is an Associate Member of the Chartered Institute of Professional Development.

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