When Is It A Good Idea To Move Out Of Your Home Office?
Can You Have More Sales, Too?
Helping over 75,000 businesses like yours raise profits and build customer relationships using AWeber's opt-in email marketing software for over 10 years.
Once you’ve decided to take the plunge and move your home-based business to a commercial office space, there are a number of decisions you’ll have to make. First, where will you go and what facilities will you need?
Taking an office close to your home and your employees’ homes is always a good bet, as it will cut down both on gas costs and on driving time. An office outside the home should provide a comfortable space—such as a conference room—where you can meet with customers and employees, particularly if one of your motivations for leaving home is to impress clients and appear more professional.
So be cautious about the length of the lease you sign, Lasher advises, no matter how good a deal a landlord offers you on a long-term lease. “Try to negotiate a one-year lease with a one- or two-year option if you have any reservations about your move or whether the space will meet your future needs.
Jeffrey Landers, a serial entrepreneur and the owner of Offices2share.com, agrees. “The most common and often the most fatal mistake made by fledgling businesses is signing a multiyear lease which can require a financial obligation that may outlive the business itself,” he says.
Once you’ve settled on a location, draw up a list of costs to include in your budget. You should include one-time costs associated with the move and the purchase of new furniture and equipment, as well as ongoing fixed costs, such as rent, insurance, and utilities. Will the building provide adequate parking for you and your employees? Make sure you include parking costs in your budget.
businessweek.com
Similar Posts:
- Negotiating a lease
- Nightmare Layoff
- Employees Fudging Timesheets? Try Fingerprinting Them
- 101 Setting Up a Home Office
- Business commute might be deductible
- How to keep top employees
- Five Tax Breaks For At-Home Entrepreneurs
- Seven Deadly Sins of Home Office Security
- Selling Office Sounds
- “eBay†For Parking Spots
- 9 Ways to Decrease a Company’s Employee Benefits Cost
- Bee all you can bee
If you enjoyed this post, please consider to leave a comment or subscribe to the feed and get future articles delivered to your feed reader.
