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Entries for month: November 2012

Moving Out of the Home Office: The Pros and Cons

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Working in a home office space can be challenging. As your business grows, you quickly run out of room in the home and will want to move into one of the options for professional office space.

First, let’s consider the pros and cons of choosing to move out of your home office:

Pros:

  • You will have a space in which to work that is quiet and professional in appearance.
  • You can still work any hours your schedule permits.
  • The cost of non-traditional office space is very affordable
  • You can more easily keep your documentation separate from personal work you do at home
  • The cost of an office space may provide certain tax incentives that you can check out with your accountant.
  • You can meet clients in a professional business setting rather than in your home or a coffee shop.
  • There are no worries about children sneaking in to use your computer or other hardware and potentially damaging important business 
  • You may attract clients from those people walking by your office who see your logo or signage.
  • You have increased professionalism and can more easily advertise and brand your business.
  • You will almost certainly have a more organized office space and can choose a larger space if you desire or need it.
  • As your business grows, it will be much easier to add employees to a commercial office space rather than having employees in your own home.
  • You will have more and better parking for clients.
  • There will be no distractions from your work, allowing you to be more productive.
  • You will have better networking ability as you meet new potential clients in the area of your office space.
  • Working at home can be lonely since there are no non-family social contacts. Moving into a commercial office space allows you contact with others, making your outlook more positive overall.

Cons:

  • You do have to commute to your new office space rather than walk into another room in your home, even when the weather is very hot, really cold, rainy or snowy.
  •  It is difficult to share transportation with the other family members when working away from home, so you need your own designated vehicle.
  • You may need to invest in additional computer equipment and other hardware so that you have technology in your office space as well as at home for non-business use.
  • No matter what type of office space you choose, there is some overhead involved, no matter how small
  • Cleaning and upkeep of your space will be your responsibility, whether you do this yourself or hire someone else to do it.
  • You will need to sign a lease or other type of binding agreement to obtain the office space, committing you to have your business reside in the selected office space for a specific time.

It is easy to see that there are many more pros to leasing a traditional or non-traditional commercial office space.  Once you have decided to take the big step and move out of your home office, you will want to seek the assistance of a professional qualified Office Finder Tenant Representative, sometimes called a Tenant Broker. You’ll have an expert on your side to help you locate the perfect office setting at an affordable cost. You will also have a knowledgeable liaison when negotiating the lease or rental agreement for your new office space so that you can get the most benefits with the least hassles. The assistance of an experienced Tenant Rep can save you a great deal of money over the period of your rental agreement by ensuring there are no hidden or unnecessary costs.

In the next segment on moving out of the home office, we will look at the options for office space so that you will know what type of office will best suit your needs at this point in your business growth. 

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By: James Osgood

Office Space , Office Rental , Home Office , Office Relocation

Expand your Office Space Without Leasing More Space

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This is a blog post from one of our Local OfficeFinder Memebers in the Dallas Office Market.

"Nearly everyone enjoys the success of an expanding business. More work, clients and employees allow your business to not only become more successful, but also make a greater impact on your field.

But rent is expensive. It's usually the 2nd-highest expense for most companies. Wouldn't it be great is you could grow your business without taking on the financial burden of expanding office space?

Well there are several simple and cost-effective alternatives to expanding which can be implemented within the perimeters of your existing office.

Rearrange. It seems simple enough, but you’d be surprised how much more efficient you can arrange your office. Your office layout may not be set in stone, so explore a redesign of the layout of your space - remove walls, move or replace the furniture to promote density where extra space is underutilized or unnecessary. Rearrange the layout of cubicles. Cubicles are designed with flexibility in mind, so use them to your advantage rather than arbitrarily partitioning your employees. 

Open. Collaborative spaces not only take up less square feet, but they can also promote a more creative and efficient workplace. This is especially true of younger workers who don't want to be isolated in private offices. The social aspect of an open plan where they can talk to each other throughout the day can make a big difference in their happiness in the office. My son recently passed on an offer from another company which included a very large salary increase primarily because the office environment of the new company was very quiet, staid and basically boring. Not everyone will feel this way, of course, but with a generation of workers who have spent a considerable amount of time socializing, studying and working in Starbucks, the buzz of an open environment is preferred. 

ClusterSalespeople are often not in the office much. Instead of dedicating offices or desks in an open layout to each individual person waiting for the occasional visit, condense them into a shared work area. A few shared desks for use as-needed by your on-the-go sales team can save a lot of space and not take away any of the resources. With a shared workspace in place, you can cycle employees between working at home and working in the office. This adds a new dimension of flexibility while allowing for less or reallocated office space. Dynamic office situations such as these can break up monotonous ruts and give a new energy to an office and your employees.

You don't always need more space to expand your business. Sometimes all you need is a new plan.These suggestions may not work for every business and that's okay. It may only take an architect or furniture expert to review your situation to provide solutions other than just taking on more office space. Better to pay an architect, contractor and/or furniture dealer once than to pay the landlord every month for years."

Source

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By: James Osgood

Office Space , Office Rental , Office Space Design , Dallas Office Space