Starting a new business is expensive work, especially when you have to fork out for business premises. When it comes to your expenses, this is one of the biggest. And, you can’t afford not to make the investment. A business without a home is one that a lot of clients will avoid as they can tell it is only small. The trick is to invest in the right premises without spending a fortune. How can you achieve that goal if you are a new business owner? Carry on reading to find out more.
Opt For A Virtual Office
You can cut a big chunk off the original cost with the help of a virtual office company. In short, they allow you to work out of your living room while giving the impression you own an office building. That means you don’t have to make a big investment if the time isn’t right. All you have to do is pay a small fee for the privilege, and you can use them as a permanent business address. Virtual offices are perfect for small businesses that need a home. They are also just as effective for freelancers or individual entrepreneurs.
Shop Around For A Good Deal
Just because you are in the market for an office doesn’t mean you can’t shop around. In fact, you should do it more than ever before. You are likely to find a much bigger discount if you take this tip on board. Estate agents and building managers like to make out they are in control, but you are the one with the power. The demand for these kinds of buildings isn’t as high as conventional real estate, and they will be desperate for your business. They are that desperate that they will drop the price if they think you are a legitimate investor.
And Play Them Against One Another
Unlike supermarkets, they don’t promise to match a rival’s price. But, that doesn’t mean that they aren’t subject to competition. Everyone is as they don’t want to lose out on a good deal. That is why you can play one off against the other for your benefit. As long as you don’t take it too far, they will try and match the offer. Obviously, they won’t go past the point where they can’t make money. With that in mind, push just far enough to squeeze out every last penny.
Sublet Your Space
Unless you are lucky, your offices will be too big for your new startup. That is a good thing if you start to make money. Until that point, that space will cost you money. The good news is that you can sublet the extra space to another investor. There are thousands of businesses like yours that are looking for the right office space, and yours will fit the bill. The fact that it is cheap to rent is always a bonus. All you have to do is split the building and try and get on together.
It isn’t easy to do, but it is a necessary sacrifice when you need the cash.