How to Find an Affordable Office Space for your Startup
Finding an office is one of the most challenging for any startup. An office is essential for the day-to-day operations of the business. But, with the rising costs of real estate, it might seem like almost impossible for some startups to find a space where they can conduct business. If you need help in finding an affordable office, read on and learn from some of the tips that we will be sharing.
In today’s time, if the conventional office is too expensive for you to handle, there is a promising alternative – a coworking space. More than just a place where work is carried out, it is a community of like-minded individuals. You can either rent a shared desk or a private room. They also have facilities that a startup needs, such as a conference room. It is surely better compared to working at home or in a crowded café. It makes you feel like you are in a corporate office with a less formal environment. If you are looking for a shared office space for rent, Common Desk is one option that you might want to consider.
Take it to the Virtual World
Startups looking for an affordable office might also want to consider the possibility of a virtual office. As the name implies, it is an office that exists virtually. There is no need to commute or drive to do business as the transactions are done online. It gives employees more free time and can even encourage them to be more productive because of the flexibility that it offers. It also allows businesses to access global talent. For a virtual office in Fort Worth, check out https://thecommondesk.com/.
Move Away from the Center
Location is everything when it comes to choosing an office. However, as a startup, you do not really need to be at the center of it all. With this, when it comes to finding an affordable office, one thing that could help is to stay away from the downtown area. Search for an up and coming neighborhood that can still offer accessibility for employees and clients.
If the office feels too big for you but you really like it, one of the best ways to save on costs is to consider subleasing. Through the latter, you will be bringing in a new tenant to share the costs with you. If possible, find a tenant providing products and services that could complement whatever you are providing. Obviously, it should not be your direct competitor.
Learn the Art of Negotiation
In business, everything is negotiable, even rent. You just need to know how to do it right. Use your charm to bring the costs down. Look around for other options and let it be known to the owner of the place that you have other choices. Bring down the price to as much as 20% than the original.
Indeed, having an office does not need to be a privilege reserved for those with the luxury of financial resources. Even when on a budget, you can find the right place to grow your startup!