Blog:

Your Start-up's First Office Space

Deciding to acquire office space for your start-up company can be very exciting but a little daunting. There are a lot of factors that should weigh into your decision on whether your business is ready to take that first step into a new setting. 

First of all, does your company have the necessary funds to follow through with the plan of getting an office space? Preparing a spreadsheet to observe your net monthly income and expenses is the best way to get an idea of how financially stable your company is. If you are happy with where your business is at financially and you have plenty of wiggle room to tie the expense of renting an office space into the mix, then you may be one step closer to finding the perfect space for you.

Once it has been determined that you will be able to afford an office space for your business, you should consider your connection capabilities. Look for a space that is in a prime location for your customers or clients and try to do some research to find other businesses in that area that might prove to be some competition. If you find a place that you like, think about how well your customers will be able to reach you. Does the location offer reliable phone and Internet connection? Or will that be an added monthly expense that you will have to cover on your own?

If you’re ready to start the hunt for your business’s first office space, L.B. Andersen can help. Schedule an appointment today!