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6 critical considerations for your startup’s first office space

6 critical considerations for your startup’s first office space

Moving into your own commercial office space for the first time can be quite an exciting step in your entrepreneurial career. It indicates a coming of age for your new business, meaning it’s much more likely to expand and flourish. By accommodating more resources and staff in your new space, your business will be more productive.

Selecting the perfect office space for your business can be quite a challenging task. The space you choose might be a deciding factor in a number of other important decisions which will affect your business. For example, it will affect your office budget, the lease and rental rates, the accessibility and functionality of the space, utilities, and other unknown costs. If you are the owner of a startup and are looking to move into the perfect office space, here are 6 critical considerations you need to make before signing the lease.

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The Location

The location of your startup’s office is perhaps one of the most important aspects of your future business. If you intend to have your office space in the heart of the city or in an upscale neighborhood, you might attract customers with larger spending power, however, you will pay high leasing and rental costs, which might cause a dent in your resources. On the other hand, offices in less-upscale areas may offer lower rent but may not fetch you as many customers who have considerable spending power. Based on the nature of your business, it is imperative to make a call and arrive at a decision.

Lease and Rental Rates

Real estate rates can change over time and get you into real trouble. The last thing you would want is to settle down comfortably into your office premises, then find that your landlord hikes the rent at the end of the year and rents it out to someone else if you don’t pay more. Most office leases are for a minimum of one year and can go up to ten years. It is important that you prepare your rental agreements with caution and ensure that they give you a chance to renew. Although rental rates are generally negotiated when you renew your lease, you could consider an agreement in which the increase in rent is capped at a maximum of 5%.

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Infrastructure                

Infrastructure plays a huge role in determining the suitability of your new office space. The total cost you pay towards electricity, phone and internet services, heating, and air conditioning in an office space will be a considerable investment; therefore, you need to conduct adequate research to decide on which service providers you will have on board. You can get in touch with your landlord or the managers of the commercial spaces in your neighborhood to gain a perspective.

Accessibility and Transportation

Your office space should be within close proximity to your home in order to ensure that you and your key employees do not spend a lot of time in commuting every day. Ensure that your office is in the vicinity of metro stations or other public transportation options. Your office premises should be able to take care of the parking needs of both your employees and your customers. Locating your office space in close proximity to public transportation is necessary if you have limited parking space.

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Ease of accessibility will not only earn you loyal customers but will also help you to attract potential employees to work for you.

Designing Your Office for Maximum Functionality

You need to first understand which kind of office floor plan will best suit your business. Many recent, successful startups have adopted the open floor plan to foster employee bonding and team spirit. You could also consider open cubicles divided by partitions, which offer a considerable amount of visual privacy. Ensure that the windows are duly covered with blinds to filter the sunlight and to prevent outside noise from entering the office.

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Assigning adequate space to your employees is important. It is also important to set guidelines with regards to employees’ ability to personalize their work spaces. Make sure that your office has provisions for differently abled employees.

Exuding Your Brand and Culture

Your office represents what you do and serves as a fantastic branding tool. It should embody everything that your brand reflects. Branding your office will play into your work culture and reinforce the work principles your employees abide by. They should see your company’s brand all around them – from the location of the office to what they see when they walk into the office premises. Their work culture should be shaped by the brand they work for. This is also applicable to clients and customers who visit your office. With great branding, it will be far easier to gain customers’ confidence in your business abilities.

Office environments and cultures have witnessed numerous revolutions over the past decade, courtesy of the startup trend. Office spaces that create an aura of comfort and motivation have been successful in fostering loyalty among employees. It is up to you as a leader of your business to make these important decisions that will help your business flourish.

Featured photo credit: Bench Accounting via unsplash.com

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Last Updated on August 20, 2018

Quit Your Job If You Don’t Like It, No Matter What

Quit Your Job If You Don’t Like It, No Matter What

Do you know that feeling? The one where you have to wake up to go to your boring 9-5 job to work with the same boring colleagues who don’t appreciate what you do.

I do, and that’s why I’ve decided to quit my job and follow my passion. This, however, requires a solid plan and some guts.

The one who perseveres doesn’t always win. Sometimes life has more to offer when you quit your current job. Yes, I know. It’s overwhelming and scary.

People who quit are often seen as ‘losers’. They say: “You should finish what you’ve started”.

I know like no other that quitting your job can be very stressful. A dozen questions come up when you’re thinking about quitting your job, most starting with: What if?

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“What if I don’t find a job I love and regret quitting my current job?”
“What if I can’t find another job and I get in debt because I can’t pay my bills?”
“What if my family and friends judge me and disapprove of the decisions I make?”
“What if I quit my job to pursue my dream, but I fail?

After all, if you admit to the truth of your surroundings, you’re forced to acknowledge that you’ve made a wrong decision by choosing your current job. But don’t forget that quitting certain things in life can be the path to your success!

One of my favorite quotes by Henry Ford:

If you always do what you’ve always done, you’ll always get what you’ve always got.

Everything takes energy

Everything you do in life takes energy. It takes energy to participate in your weekly activities. It takes energy to commute to work every day. It takes energy to organize your sister’s big wedding.

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Each of the responsibilities we have take a little bit of our energy. We only have a certain amount of energy a day, so we have to spend it wisely.  Same goes for our time. The only things we can’t buy in this world are time and energy. Yes, you could buy an energy drink, but will it feel the same as eight hours of sleep? Will it be as healthy?

The more stress there is in your life, the less focus you have. This will weaken your results.

Find something that is worth doing

Do you have to quit every time the going gets touch? Absolutely not! You should quit when you’ve put everything you’ve got into something, but don’t see a bright future in it.

When you do something you love and that has purpose in your life, you should push through and give everything you have.

I find star athletes very inspiring. They don’t quit till they step on that stage to receive their hard earned gold medal. From the start, they know how much work its going to take and what they have to sacrifice.

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When you do something you’re really passionate about, you’re not in a downward spiral. Before you even start you can already see the finish line. The more focus you have for something, the faster you’ll reach the finish.

It is definitely possible to spend your valuable time on something you love and earn money doing it. You just have to find out how — by doing enough research.

Other excuses I often hear are:

“But I have my wife and kids, who is going to pay the bills?”
“I don’t have time for that, I’m too busy with… stuff” (Like watching TV for 2 hours every day.)
“At least I get the same paycheck every month if I work for a boss.”
“Quitting my job is too much risk with this crisis.”

I understand those points. But if you’ve never tried it, you’ll never know how it could be. The fear of failure keeps people from stepping out of their comfort zone.

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I’ve heard many people say, “I work to let my children make their dream come true”. I think they should rephrase that sentence to: “I pursue my dreams — to inspire and show my children anything is possible.” 

Conclusion

Think carefully about what you spend your time on. Don’t waste it on things that don’t brighten your future. Instead, search for opportunities. And come up with a solid plan before you take any impulsive actions.

Only good things happen outside of your comfort zone.

Do you dare to quit your job for more success in life?

Featured photo credit: Unsplash via unsplash.com

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