February 10, 2017
Growth is part of the startup process. So when you’re ready to move out of your garage and into your very first office, it can be pretty exciting. But have you really thought everything through? Do you know what moving into a physical space entails for the future of your company?
We asked five entrepreneurs what a startup needs to consider when looking to set up an ideal first office space. Check out their answers below and get your office space set up in a way that will promote success and productivity:
Put Your Own Spin on It
Taking ownership of your workspace has an empowering effect as it leads to an increase in productivity. Don’t get expensive stuff from the beginning. Instead, put your own spin on the surroundings so your employees can connect with you and understand what you expect from them.
– a member from Aligned Designs
Determine Whether You Really Need One
Does your startup really need a dedicated 24/7 office? As a New Yorker, I can assure you that office spaces are expensive. Having a part-time plan at a shared office space may very well be the most cost-effective option to go with until your startup’s cash flow is more steady.
– a member from True Interaction
Choose the Right Location
More than anything else, a convenient location is critical – ideally somewhere central that’s easy for your employees to commute to. Other considerations regarding your office’s location should include proximity to skilled labor, presence of competitors, and if you work directly with clients, proximity to your customer base.
– Steven Buchwald of Buchwald & Associates
Consider a Coworking Space
The best place to start is a shared office or co-working space. The price of your membership includes utilities and necessities like internet and furniture, leaving you with a low overhead cost. You’re also constantly surrounded by creative and energetic people all working on their own ideas and projects, which creates a unique and collaborative environment.
– a member from Bleu
Keep Your Costs Low
Think of all the great companies that started in their garages or home offices. You can always upgrade your office space down the road once you’ve made it, so keep your costs low in the beginning. You don’t need a fancy office with a leather couch and saltwater fish tank; you need a desk, a chair and the internet. Spend your money on better employees or bonuses instead.
– a member from Transcription Outsourcing
FounderSociety is an invitation-only organization comprised of ambitious startup founders and business owners.
This article is courtesy of BusinessCollective, featuring thought leadership content by ambitious young entrepreneurs, executives & small business owners.
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