Finding your first office space.
As an entrepreneur, there are a large number of exciting milestones you get to pass, but one of the most thrilling is renting your very first office space. Up until now, you may have been working out of your home, coffee shops, and communal areas, but this newfound space will be completely your own. That said, there are a lot of common mistakes that can be made during this process, so here are a few tips to make things easier.
Keep a budget in mind
Renting an office space may be costly, which is why it pays to work out your budget before looking at sites. Make sure you’re clear on what you can afford and don’t forget to factor in unexpected expenses.
Choose somewhere close to your team
When an office space is a necessity, it’s important that you choose the right location, whether it’s in Lakeway or further afield. You don’t want to lose good employees by asking them to commute hours out of their way. If you don’t have a team yet, opt for somewhere populated and full of potential talent.
Understand what you’re responsible for
Before you sign a lease, make sure you read through the documents carefully to understand what you are responsible for when it comes to repairs. If the landlord requires you to handle everything that goes wrong, then you should make sure you have enough money in your budget set aside for this.
Consider leasing equipment and furniture
Decking out your new space can set back a lot of businesses. Rather than buying brand new stuff, consider leasing everything you need. This will be cheaper in the short term and it means you’re not stuck with old technology.
When you start looking for your first office space, make sure you remember these tips. Are you looking for the right insurance for your business in Texas? The team at Reata Insurance Group are here to help you navigate your way to a reliable insurance policy. Located in Lakeway, we help Texan business owners. Contact us today for more information.