Leasing office space

March 21, 2011   /   by Marco  / Categories :  Business

Like any typical start up company our business was located and started from home. Meetings and working on projects were conducted from the spare room. When I first started the business with my friend and brothers we did not jump into hiring an office space straight away. We waited until we knew it was the right time to take the business one step further.
Obviously there were quite a number of reasons for not hiring and office space at the early stages of the business. The most obvious reason was the cost associated with renting the office. There are several operating expenses associated with the office lease and to assist you with making the right decision I have broken this down to the following items:

Rent and outgoing costs – the cost of the rent is generally proportional to the size of the office. If there’s lifts and a car parking space then the cost of the rent will be higher.
Insurance – this cost can be reduced if you have stronger security features in your office e.g. back to base alarm, security guards, cctv.
Office furniture – although this is once off cost this can become quite expensive
Utilities – this includes electricity and water. Generally you won’t have to pay for water unless your office space has toilets, shower facilities or even a sink.
Telephone and Internet – business internet plans are more expensive than residential plans so don’t surprised if the cost is almost double.
Signage – having your business name on the foyer directory board is quite important. If you have the budget then we would recommend in purchasing a digital signage solution.
Equipment – this includes computers, printers, photocopiers. Some small businesss prefer to lease or rent this type of equipment because of the tax benefits.
Software – all businesses require the use of a word or spreadsheet processor or some AntiVirus software. There are open source tool that you will be able to use so search online.
There you go that’s my list, so if there’s anything I left out let me know.

DO YOU LIKE WHAT YOU'VE READ?
Join our subscription list and receive our content right in your mailbox. If you like to receive some Great deals our Freebies then subscribe now!

Our Sponsors

  • Follow us:

OTHER ARTICLES YOU MAY LIKE


POWERFUL REFERRAL PROGRAM TOOL

POWERFUL REFERRAL PROGRAM TOOL

Businesses of all sizes are constantly seeking new and innovative ways to grow their customer base and increase brand awareness. With the rise of social media and the reliance on word-of-mouth marketing, referral programs have become an essential tool for companies looking to expand their reach. However, managing a successful referral program can be a […]

read more
CYBER SECURITY PLATFORM FOR YOUR BUSINESS

CYBER SECURITY PLATFORM FOR YOUR BUSINESS

Cyber security has become a top priority for individuals and organizations alike. With the ever-evolving threat of cyber attacks, it is imperative to have a strong and reliable security platform in place to protect sensitive information and data. That’s where Bleach Cyber comes in. As a leading cyber security platform, Bleach Cyber is dedicated to […]

read more

Like our Page