Lets face it: office space rent can be expensive. Especially if you live in a bustling metropolis like New York City or Los Angeles, you know that just the monthly rent for your storefront or office can cost a pretty penny. But there are things you can do to combat the high price tag and ensure you squeeze everything you can from that fortune you’re spending every month.
- Get Creative
Sometimes, business owners cannot afford an expensive storefront in the middle of downtown, and they have to settle for spaces that were originally meant for other uses. For example, are you renting a house as the site for your business? That doesn’t mean the space has to look like a home. Get creative by turning the den into a waiting area, and turning bedrooms into offices. Work with what you have, and you may find that you have yourself a gem of a location!
- Conserve Space
Make sure to conserve what little space you have! Get rid of unimportant or non-essential things, and make room for the necessities. Your office might need a printer and a copier, but does it need the coffee table in the waiting area? You only have so much space to work with, so make sure you conserve that space and dedicate it to the truly important things that you need in order to make the place run.
- Go Small
When in doubt or when lacking funds, go small instead of big. You would be surprised what you can do with a small amount of space. Instead of splurging on a large space and then having potentially too much room to work with, choose a smaller space that gives you just the room you need – no more, and no less. You can always upsize to a larger place if you find you’re running out of room.
- Go Dutch
It can be difficult to nail down the perfect location for your business, especially when it feels like everything you like is out of your price range. So why not go splitsies on it with a fellow business owner? If you know of any entrepreneurial friends who are looking for locations for their businesses, you can go Dutch on one office space, and then put in some extra cash to put up a wall. That’s a great way to have an awesome location for your business, while also being able to make rent every month.
A good location is an important element of any small business’s success, but good locations are expensive. Follow the above tips to make sure you get the most bang for your buck when it comes to locations. If you need financing for office or factory space, visit www.biz2credit.com.