If you’re a start up business, finding the right place to set up shop is often one of the first hurdles to overcome
Even in this world of constant communication and connection, every business still needs a base. A fully decked-out office is the goal for many small businesses, but if you’re just starting out that dream can feel a long way away.
Fear not, for there are plenty of options available when it comes to finding a home for your small business.
Get familiar with co-working spaces
From office buildings to hotels, more and more places are offering co-working spaces as an option for SMEs. These hubs give you the option to rent an office on a month-by-month basis for a competitive price. Many also include shared facilities such as meeting rooms and lounge areas.
Co-working spaces give you the chance to become part of a community of other workers, potentially allowing you to network and make vital connections. However, you’ll also have to sacrifice some privacy and security, so bear this in mind.
Similar to co-working spaces is the option of hotdesking. This usually involves renting a desk in a larger, shared workspace on a day-to-day or longer basis. Essentially, hotdesking creates a grown-up version of musical chairs, as you aren’t assigned a particular desk each day. This makes for a flexible working environment, where you’re constantly meeting new people, trying out new facilities and being exposed to different settings. It can be inconvenient to have to pack up your desk at the end of every day, but this will also help you to only pack the essentials. The success of hotdesking relies heavily on how well you cope with change.
Use a business incubator
An incubator is a great system which helps local businesses and start-ups gain access to their full potential. Not only do you get a workspace to run your operations from, you’ll also be able to make use of a range of technical and financial services. In many cases, mentors are also on-hand to help you through common business issues.
Although not as flexible as hotdesking or co-working spaces, incubators can make for an energising, inspiring and cost-effective environment. Bear in mind that you may need to complete an application process which requires you to outline a business plan.
Find a favourite coffee shop
A coffee shop is a natural-born ‘office for a day’ kind of place. The rise in available Wi-Fi over the last few years has meant that many small business owners can set up shop pretty much anywhere, and often they choose to do so at their favourite local haunt.
Coffee shops allow you to come and go as you please, and even engage in informal meetings with clients and colleagues. However, you’ll also need to partake in at least a semi-regular cup of coffee now and then so as not to annoy the staff. You’ll also need to consider any security issues involved in using the public Wi-Fi.
Work from home
Often the simplest solution is the most practical, and for many small business owners working from home is the most logical way to conduct your business practices until you get a few more team members on board.
The benefits of this include not having to fork out for office rental fees, and being able to work at your own pace and in your own space. However, it does mean that you’ll have to think about where to hold future meetings.
TEDCO Business Support are always on hand to provide you with the help and guidance you need to get your business up and running. Get in touch with the team today by calling 0191 516 61 02 or via email at firstname.lastname@example.org.