collaborative post | Running a business and making it successful even if only briefly, is an achievement. When you’ve taken a business that you’ve created from home and it’s become something more that no longer fits in the space, you’re thriving!
While taking that jump from your home to a new location might seem daunting and a terrifying prospect, it’s something that will likely make a big difference in the success of the business going forward.
Sometimes, taking that leap into the unknown is just what’s needed to take your home business to the next level. Here are a few recommendations when wanting to take your home business to a new location.
Search for venues
First and foremost, you’re going to want to scope out some venues for your business expansion. It’s important to look at a whole variety of venues so that you know what type of commercial property is out there locally for you. Ideally, when you move from your home to a new business premises, you want it to be within a reasonable distance.
After all, the further away it is from your home, the more time it’s going to take you to get to and from the venue.
Take a look at some real estate agencies who offer commercial buildings for let and for sale, so that you can get a good mixture of properties to look at.
Consider between leasing and buying outright
Talking of leasehold and for-sale properties, you want to think carefully about which one is best for you. Depending on what type of business you have is likely going to determine whether it’s a lease you opt for where you’re paying so much to use the premises and have a landlord, or you buy the property outright.
Buying the property outright ties your money in whereas a lease gives you that flexibility but not that investment into your own property which you could then sell later down the line. The budget you have and available capital is going to determine which one you choose.
Have a design plan for the space or spaces
Once you’ve secured a venue, you’re going to want to spend some time designing the space so that it’s perfect for your needs as a business. Start drafting up a design plan and get help where needed if you don’t have much of a creative flair when it comes to floor designs.
You might need to spend more time on this if you’re planning out multiple spaces in the building.
Use professional services for an office fit out
While it might be a preferred and affordable choice to kit out the space yourself, you might want to consider the professional and flexibility of services from an office fit out contractor. These are great if you want the whole process to be handled by experts, which is one less thing for you to worry about.
Make sure the space can adapt to your company’s growth
Finally, make sure the space you’ve picked is going to be able to adapt to your company’s growth. After all, who knows how big your business might grow now that it’s given even more space?
Use these tips to help take your home business to a new location this year.