To secure an office space can extract promptly initial resources for start-up companies. Many landlords and commercial real estate agents demand long lease terms and directors personal guarantees when securing an office premise. This is usually not the perfect plan for new office companies who are looking to grow fast and try to keep at bay extra liabilities. For that reason I urge thinking outside the box about what your office space needs are and what it will look like. I’ve found that advanced planning and proactive thinking and bringing possibilities by identifying creative approaches to office space can be a substantial alternative to save time and money.
As I mentioned in other posts the first way to creatively deal with the need for office space is to evaluate the need of staff. Minimizing the workforce for my businesses through independently hired contractors, internships is essential and it reduced the necessity for massive office space greatly.
Another fabulous option is locating co-working space, which are exceptionally flexible and allow you to rent it out for a short periods like daily, monthly, or annually. Nowadays we got on sight many digitally-based companies, for that reason co-working habitats can be great solution for rookies that don’t have a big footprint and want to interact with established other like-minded people. The answer to co-working office premises is that they encourage collaboration.
Shared office space also is yet another great alternative to leasing that encourages collaboration and provides opportunities to share your ideas with others. There are dozens of way to take advantage of sharing office space with other companies. For example, as they’ve cut back during tough economic times many companies have more office space than they need. They are losing money on that excess space and are often willing to sublet the space. That is why companies like PivotDesk got started. PivotDesk was designed to match small businesses with larger companies that have more space than they actually need. You essentially get to rent a desk or a cubicle for a flat fee. The nice thing about the arrangement is that is can be done with the click of just a few buttons.
Actual shared office space companies are another approach. Companies like Regus have a global footprint that allows small companies to lease individual offices. This cuts down on the time needed to find space, set up internet, hook up phone lines, and maintain these services because everything is included in an office package. You have access to a receptionist, conference rooms, kitchens, and everything you need to just set up your computer and get started.
Thinking Outside the Box When it Comes to Office Space
Office space can be a drain on resources for start-up companies. Most landlords and commercial real estate brokers demand 3-5 year lease terms and personal guarantees when securing an office. This is usually not an ideal requirement for new companies who are looking to grow and avoid extra liabilities. I recommend thinking creatively about what your office space needs are and what they might be. I’ve found that thinking ahead and identifying creative approaches to office space can be a great way to save time and money.
Cubicles in co-working space in Portland, Oregon. (Photo credit: Wikipedia)
As I mentioned in an earlier post, the first way to creatively deal with the need for office space is to examine staff. Minimizing the workforce for my companies through independent contractor agreements, internships, and sweat-equity arrangements reduced the need for lots of office space.
Another great technique is finding co-working space, which are flexible and allow you to rent by the day, month, or year. With the increase of digitally-based companies, co-working environments can be great solution for start-ups that don’t have a big footprint and want to interact with other like-minded people. The key to co-working spaces is that they foster collaboration. FastCompany recently published a great article on the benefits of these types of arrangements.
Shared office space also is yet another great alternative to leasing that encourages collaboration and provides opportunities to share your ideas with others. There are dozens of way to take advantage of sharing office space with other companies. For example, as they’ve cut back during tough economic times many companies have more office space than they need. They are losing money on that excess space and are often willing to sublet the space. That is why companies like PivotDesk got started. PivotDesk was designed to match small businesses with larger companies that have more space than they actually need. You essentially get to rent a desk or a cubicle for a flat fee. The nice thing about the arrangement is that is can be done with the click of just a few buttons.
Actual shared office space companies are another approach. Companies like Regus have a global footprint that allows small companies to lease individual offices. This cuts down on the time needed to find space, set up internet, hook up phone lines, and maintain these services because everything is included in an office package. You have access to a receptionist, conference rooms, kitchens, and everything you need to just set up your computer and get started.