It can be thrilling to finally take the plunge and start your own business, no matter how big or small. Then all the things you need to decide on and do start to come. That could take your breath away, literally. But don’t panic. You can get around the crazy startup if you stay focused on your business goals. So, get organised and allow us to walk you through one of the important decisions you have to make early on — where to start your startup business?
Your workspace is king
No matter what enterprise you intend to get into, it is clearly of essence that you have a flexible work environment that’s conducive, productive, collaborative, and fully equipped. You need to have your own office. However, since office rent may eat up a good chunk of your budget, it can be challenging to decide outright to reserve that sophisticated unit in a building right at the heart of the central business district. Yes, it could work to your advantage to have that office address and all the wonderful things that come with it, including electric window openers. But can you afford it? Does your budget allow for such an expense?
If you think your capital is better invested somewhere else instead of a dedicated office, you are not alone. Many startup businesses allowed the need for an office to take the back seat. They delay the need to be in a building with either automatic or manual window openers because other things are worth spending on. If you are in the same boat, here are two options for running your business operations:
- A home office. If you have a spare room at home where you can comfortably operate your business, where else in the world would you ever want to be? This extra room may be located in the garage or basement, and it does not matter. What matters is how you can turn it into a suitable workspace with all the features you need. It may even include window openers to allow natural ventilation and let the fresh air in, improving your indoor air quality and comfort in the process. Although this may be a temporary solution, the amount you could save can help you buy your next, more proper office location.
- A coworking space. For those who cannot operate the business at home for legitimacy purposes but do not have enough capital money either, securing a coworking space is the answer. The past decade has seen a rising demand for this option due to its flexibility and cost-effectiveness. In a coworking space, you are not leasing the whole unit but just a part of it, a few desks or more, according to your needs.
The best office space for a startup company is the one your budget can afford. Apart from cost considerations, you must also ensure its location, layout, and fit match the needs of your business because they are all factors that could steer it to success.