When it comes to choosing the best office space to fit your business, there are a couple of things you mainly need to look out for. It’s imperative you choose the right type of office space, in an ideal location. However, if you’re working with a small budget, affording the best office space can be tricky; particularly if you’re looking for office space in popular cities such as London.
So, are there any tips that can save you money without compromising on space or location?
Consider taking advantage of serviced offices
Whilst your ultimate goal might be to own your own offices in London, the costs can be pretty extortionate. Therefore, an alternative which could save you a substantial amount of money, is to rent out serviced office space.
Serviced offices provide an all-inclusive package for as little as under £500 per month. Certain companies also don’t charge any deposit fees, so unlike purchasing a property, there will be very little to pay before you move in.
They also come with absolutely everything you need to run the business, including the very latest technology. So, there’s no cost for setting up equipment either. If you’re looking to save the most money, serviced office space could be the answer.
Move in overnight
Something you probably won’t have thought of, is making the move to your new office overnight. Surprisingly, the biggest financial losses can come with the length of time it takes to actually move in to a new office.
There’s the downtime to consider, as unless you move into a serviced office, you’ll need to allow time for your IT systems to be set up and switched over, along with the arrival of your equipment. Then there’s the traffic to think about, which is notoriously busy in London. If you move in overnight, out of business hours, you’ll save yourself potentially a substantial amount of downtime costs.
Get rid of old equipment
It might seem counterproductive to get rid of your old equipment and replace it with new ones, but it could actually save you a lot of money in the long-term. Old computer systems for example, use a lot more energy than newer versions. They also aren’t as efficient, so it could be taking you longer to carry out numerous tasks than it needs to. So, upgrading to more efficient equipment could be a great cost-saver.
Overall, moving to a new office can be expensive, but there are ways to cut the costs. Serviced offices are by far the most logical choice if you want to take advantage of a prime location without paying a fortune.