Now we're firmly into 2023 and the cost of living crisis is more in control, many self-employed individuals and micro-business owners are considering renting office space or small industrial units ...
Here are five things to consider when looking for an office:
Define your requirements - It is essential to list everything your office or unit will need, such as an open-plan or partitioned workspace, high-speed broadband, and adequate equipment storage space. Consider the needs of your team and how they work closely together. Also, think about the future and whether the chosen office can accommodate your expanding business.
Remember, things can change at a moment's notice - The pandemic demonstrated the importance of having a flexible lease agreement. It would be best to find an office or unit with an understanding landlord, like Bucks Biz, that can provide flexible lease terms to support your business needs.
Always do your research - Before signing a lease agreement, it is critical to visit different locations, experience the culture, and feel the vibe. Look for reviews and feedback from other leaseholders to ensure the location fits your business needs.
Decide how you want to work - There are various types of lease agreements available, from hot-desking to co-working options, serviced or managed offices, and traditional long-term leases. It is crucial to choose a location that offers the flexibility you need to grow your business.
Go where your customers are - Office costs are the second-largest business expense after staff costs. Hence, choosing the right location can significantly impact cash flow. Consider being close to your customers, with highly accessible transport links, and surrounded by other businesses in your industry for support.
Bucks Biz has three different locations around Milton Keynes, offering a variety of office and industrial units for businesses of all sizes. Our Denbigh Business Park, Bletchley Business Campus, and Interchange Business Centre in Newport Pagnell all provide flexible leases, with 24-hour access and on-site facilities, including meeting rooms, secure parking, and high-speed broadband.
In conclusion, finding the right office space or industrial unit requires careful consideration of your business needs, lease flexibility, location, and surrounding businesses. Bucks Biz offers a dedicated team to help you navigate the process, making it easier for you to focus on growing your business.