Work space isn’t something most of us really give much thought to when it comes to our business. We concentrate on our business plan, our marketing, recruitment, finances and so on, but how much thought do we give to our work environment? Of course, where we work and where we expect our employees to work can have a huge impact on both the quality and quantity of what we produce. It’s so important that we choose somewhere that will provide the right environment for productivity, creativity and just plain old comfort.
Depending on the type and size of your business, there are a number of work space options to choose from. Of course, if you are a butcher then you probably won’t want a shared office space or to work from home. However, if you do have the flexibility of choice, then this article will help you to make the right one for your business.
Finding the Right Office Space
If you decide that it’s time for your business to have its own office, then there are a number of factors to consider when choosing.
Is the location convenient?
This is probably one of the most obvious deciding points. What will your commute be like? If you have employees, will it be easy for them to get to the office? If you have clients, will it be convenient for them too? As well as considering the commute itself, don’t forget to check the parking situation, especially if the office is located somewhere that can’t easily be reached with public transport.
Is it big enough to allow for growth?
The last thing you need is to go through the hassle of moving to a new office, only to find that six months down the line, you’ve outgrown it and need to move again. Make sure you take into account your potential growth and allow enough space for it.
Is anything else included?
It’s always worth checking whether things like furniture or storage is included. This can make a huge difference in terms of the value you’re getting for your money.
Other Office Space Options
Depending on the size of your business and the budget that you have for office space there are a couple of other options that may work better for you.
Shared Office Space
If buying or renting an entire office is out of your budget, then this could be the perfect solution. This allows you to share office space with one or more other businesses so you get the advantages that come with an office but at a lower cost.
These are usually large areas set up for people to work in. You will normally pay on an ad-hoc basis rather than renting the space for any length of time. Often co-working spaces are created for specific niches and networking opportunities are facilitated and encouraged.
Running a Business from Home
Of course, many small businesses will begin from home and if you can maintain your business from home then that will generally be the cheapest and easiest option. Depending on the type of business that you want to run from your home, there may be some administration involved. If you are planning on making considerable alterations to your home for your business, then you may need to get permission from your mortgage provider or landlord. You may also need to apply for planning permission.
If you have a lot of equipment that you use for your business, then this may not be covered by your home insurance so make sure that you check with your provider.
You will probably be able to deduct a proportion of your utility bills from your profits before paying tax.
For more information on running your business from home, go to Gov.Uk (https://www.gov.uk/run-business-from-home)