Almost all modern entrepreneurs start out in their own homes nowadays. They begin their small empire in the spare bedroom, or operate an online shop from the living room. Even Facebook started in a humble college dorm room. Google, meanwhile, started out in a Garage in Stanford. Most great ideas are hatched in small, makeshift office space. But eventually, your business will begin to grow and develop. You’ll land big new clients, expand your product base, and start drawing huge amounts of profit.
When that starts to happen, you’ll want to graduate out of the bedroom, and into something more long-term. If you’re running an online store, you’ll need somewhere for all your stock! Or perhaps you’ll want a more permanent retail store in the city centre. Perhaps your online business is ready to hire more people, and expand to a bespoke office environment. Taking advantage of office premises will open up your company, and boost productivity immensely. Naturally there is a cost associated, and you need to make sure you’re ready for the next step.
The natural evolution from the makeshift home business is a dedicated office space. Finally, you’ll get out of the house, and get your spare bedroom back. This is a big step up for any business. In fact, it’s one of the biggest decisions you’ll make. Remember you’re taking on a big cost here, so make sure the business has plenty of demand. You’ll need this office space if you’re starting to hire new employees, and you need a good place to strategize. You’ll also need an office eventually, because it’s a legal requirement past a certain income ratio! Maybe it’s time to take the plunge.
A warehouse is the logical step for an online store that is bursting at the seams. They come in all shapes and sizes, so don’t worry if it seems overwhelming. A warehouse will help you track and manage enormous amounts of stock. If you’re seeing your online store take on a life of its own, it’s worth looking into the options. Using a warehouse allows you to boost productivity and shipping production in a big, big way. You can maximise your deliveries, and start to expand on a global level.
Garages and storage
If you’re not quite ready for a full warehouse, you can always take advantage of large industrial garages and storage units. Invest in solid commercial garage doors, and you’ll keep your stock safe and secure. Garages are also fantastic (and necessary) if you start investing in commercial vehicles. Company cars, vans, and delivery trucks all need secure garages to keep them clean and safe.
Shop or store
Although online shopping is experiencing a boom of activity, there is still a lot of success to be found on the high street. For the right boutique items, a bricks-and-mortar store will be very effective. Start looking at the rents and lease agreements to see what you can afford. Remember, choose your location very carefully here.
Are you ready to take the next big step, and invest in commercial property?