Category Archives: Office Space

5 Tips for Picking the Perfect Office Location for Your Business

A business’ office location is crucial to its success.

It’s a decision that can impact sales, brand image, employee satisfaction and even the ease with which a business can grow.

This is obviously a big call that packs significant logistical considerations too. For example, in some US cities, the cost of renting an office can rack up to around $95 per square foot, per year. That’s a serious commitment if you’re a business that needs a lot of space!

Perfect office space

Clearly, picking the perfect location for your office requires careful consideration. The wrong choice can have serious implications. How do you make the right decision?

Keep reading to discover 5 tips that’ll ensure you do.

5 Tips for Picking Your Business’ Office Location

Here are 5 tips to keep in mind when deciding where to set up shop with your offices.

1. Consider the Cost

Cost considerations are almost always a factor for businesses. The same goes when deciding your office location.

The prices will vary widely depending on where you want to set up shop. You need to think about your budget and see how far it can stretch to accommodate your other office location requirements.

This holds true whether you decide to lease or buy. However, it’s crucial to consider business rates tax too that’ll vary depending on your location.

Oh, and if you’re renting then absolutely ascertain the stability of your rent. Will it increase exponentially over time?

2. Don’t Think (Or Buy) Too Small

There’s no point in buying a small office location if you expect your business to grow quickly.

Obviously, it’s hard to tell the future. But plan ahead sensibly anyway.

You could choose to rent initially in order to get a feel for your potential growth. If things move rapidly and you find yourself expanding, then a purchase of a larger office space could be justified.

Remember, if you buy then you’ll steadily build equity in your property too.

3. Consider Ease of Access

It’s important to think about your office’s accessibility.

How straightforward is it for your potential customers and clients to find? And what about your employees?

Your company could work in fields as varied as student loan refinancing, public relations, marketing, or any other number of professions!

But in order to attract custom and make it easier for your employees, you want to ensure the office is easily accessible. For instance, it’s always good to be close to transport links and sees lots of people pass by every day during business hours.

It’ll depend a little on your business’s office operations though. If customers/clients will rarely (if ever) visit your office, then accessibility will only really be an issue for employees.

4. Make Sure It’s Not Overly Competitive

Choosing an office that’s surrounded by competitors can set your business back from the outset.

Some competition’s healthy and may even help your business expand. But you can be competed out of the market when it’s too extreme and the competition’s too well established.

5. Consider Your Brand Image

Finally, your office space speaks volumes about your business.

It’s like the clothes you wear on your back. Your company location sends signals to those in your environment, including your customers and competition.

A lush, wealthy-looking location can at once impress your customers or make them question if they’re paying you too much! A drab, outdated area can indicate your business is struggling.

Be sure to think about how your office space will be interpreted from the outside.

Time to Wrap Up

There you have it: 5 Tips for picking the perfect office location for your business.

This is a crucial call with a lot riding on it. You want to make the right decision.

Hopefully, these tips have helped. Remember, think about the cost (and your budget) and accessibility of the property, as well as the potential growth in the coming years. Next, make sure the location isn’t overly competitive and that it sends the right signal about your business.

With these things in mind, you’ll be on your way to renting an office in the perfect location in no time.

Now we’d like to hear from you! What’s your primary concern in choosing your renting an office? Let us know in the comments!

And be sure to contact us to learn how we can help you find the ideal office space.

Improving Your Relationship With Customers

Handshake

There’s a good chance you have worked at a job in which the importance of “people skills” and customer satisfaction was stressed by your higher-ups. There is good reason for employers to place value on such aspects because when it boils down to it, a business’ relationship with customers is the backbone of its very existence.

It can be easy to get preoccupied and start to let shinier things like a cool new logo or fancy new webpage take precedence over the essentials. While these things may help, it’s important to understand that relationships are paramount to your success. Forging good relationships will expedite your business success into realms that can quite frankly surprise you.

Below, we will explore ways to cultivate and maintain positive impact and relations with customers.

Be Systematic

Developing a system for handling customers may take a bit of time, but having one is of utmost importance. It ensures that a plan is in place regardless of the situation, whether it be an unsatisfied customer, dwindling retention, or anything else. Few things are worse than encountering a situation with an angry customer and not having a procedure in place, leaving you improvising while juggling all of the other administrative duties.

Consider employing the use of regular email newsletters, which will keep you in the minds of customers. Email marketing has a proven track record of increasing the likelihood of customer retention. If a customer buys your product or service and then never hears from you again, it can be easy for them to forget about you entirely.

Another effective strategy could be looking for feedback after your exchange. Look over example survey questions to get an idea for valuable and pertinent information. Have an email with a survey or opportunity for feedback and you will receive guidance to show you what your strengths and weaknesses are.

Let Them Know They Are Important

Many businesses find success by going the extra mile and making the customer feel special. You might be surprised how far small gestures like a specially designed Christmas card go to humanize your brand and make customers feel valued. This is not merely a psychological manipulation either – these people are important to you, and so it makes sense that you convey that.

Never Underestimate Quality Customer Service

Cafe Handshake

You likely hear this point stressed often, but some maxims are worth repeating. Customer service should regard customer satisfaction as the most valuable part of the equation. If they complain about something, make it right. Make sure you are responsive, expressive of sympathy, and quick to act. This can help you avert disaster and drastically improve the likelihood that they will return.

Even the most furious of customers can often be charmed by kindness and understanding. Depending on the severity of the error, this may involve going above and beyond, but remember that the future of your business is predicated on their happiness.

Use Social Media

Smart Phone Social Media

There are a host of benefits to be had from a vibrant social media presence. Social media outlets allow for an unprecedented level of customer communication and feedback, while also conferring the familiarity benefits of increased exposure. Once upon a time, having a simple website was enough, but to keep up with competition today means embracing social media wholeheartedly.

Social media like Instagram and Facebook employ algorithms which decide the relative prominence of content. Increasing interaction via replies or comments helps to bolster your standing, and attain greater visibility.

Social media analytics also provide a bounty of value for the savvy business-runner. This data provides useful information in regard to what gets people’s attention and what people find unappealing. Facebook and Twitter show you these trends and allow you to configure your approach appropriately.

Reaching out to influencers can also be a good strategy to build rapport with well-known entities and further craft the aesthetic of your brand. If your business caters to a certain age-group for example, try to affiliate yourself with brands or Smart Phone socialcelebrities affiliated with the same demographic.

Craft A Clear And Distinct Identity

Clear idea

The internet offers tremendous potential, but many brands get lost in the sea of other entities. Observe other websites or social media accounts and take note of what you like and what you dislike. This will help you learn how to curate your brand to your liking. If you happen to have photography skills, maybe this can work to improve your online image. If you value quick wit, you may want to emulate something akin to the Wendy’s Twitter.

You should also be articulate and consistent in what exactly your business has to offer. Perhaps consider a logo or using common colors across your website or various platforms to create a sense of cohesion for your brand. This will allow customers to easily identify and familiarize themselves with your brand.

Can an Amazon FBA E-commerce Marketing Business Course Helps You Save Office Space Costs?

Save office space costsRunning a business requires a lot of work. You need consider a lot of factors, from sales and operations to marketing and even logistics. One important aspect that businesses are looking into right now is saving office space costs. This is typically considered a necessity, especially for small or new businesses.

If you sell products, an Amazon FBA e-commerce marketing business course can actually help you find ways to save, or if you are solely Internet based, eliminate office space costs.

In case you don’t know what Amazon FBA  (Fulfillment by Amazon) is, it’s actually a service offered by Amazon (aka one of the world’s biggest online shopping platforms) that allows businesses to send products to an Amazon fulfillment center and lets Amazon pick, pack, and deliver products on behalf of the business. When you use this platform, your business can take advantage of Amazon’s services.

Here’s how Amazon FBA can help you save office space costs.

  1. You don’t need to have a brick-and-mortar store.

Amazon FBA works by letting Amazon take the wheel of your business. After paying for this service, you have to send all of your products to their warehouse, and Amazon takes charge after.

Because of this setup, you don’t need to buy or lease a physical store just so you can run your business. You can basically market your products online, forward the orders to Amazon, and wait for your profit to skyrocket.

And because Amazon FBA is one of the firsts in the industry, there are now several tips and tricks to better utilize this service. For concrete examples, you can use journal review pros cons as one of your resources.

  1. You don’t need any warehouse to store your products.

Aside from having a brick-and-mortar store, businesses are usually expected to have their own warehouse. This is especially true for businesses involved in selling wholesale products.

However, the price of putting up or renting a warehouse can be very expensive, not to mention the maintenance costs that you have to take care of. Plus, having a warehouse isn’t a guarantee that your products will be appealing to your target audience.

Paying for Amazon FBA saves you from such problems. It lets you enjoy the following perks:

  • Since you’ll be sending all of your products to one of Amazon’s fulfillment centers, the responsibility of safekeeping these products will be taken off your shoulders.
  • You no longer have to stress out looking for the cheapest warehouse in your area and hire professional to manage it for you.
  • You won’t have inventory limits.
  • Once your business grows and acquires more products, you don’t have to look for a bigger warehouse.
  1. You don’t need to look for another office to accommodate more orders.

Receiving an influx of orders is what businesses want. The number of orders you receive can indicate the effectivity of your marketing campaigns and visibility on the market. However, as the number of orders increases, so does your need for additional manpower. You need more people to handle more orders, more people means a bigger office space, and a bigger office space entails a higher cost.

Amazon FBA helps you steer away from this direction. You can guarantee that Amazon can accommodate all your orders and product storage needs. They have been in this industry for decades, so you can be at ease knowing that your business is in good hands. You’ll be saving money from paying expensive office spaces without compromising the quality of your services.

 Make Use of Available Help

When you’re still trying to make a name in the industry, being economical should be practiced all the time. Money is an important resource in any business, and not paying attention to where and how you spend it can significantly affect your business’s longevity. Amazon FBA, along with other e-commerce marketing business courses, can make your life easier. Use these tools to your advantage in order for your business to thrive and succeed.

5 Things to Look for When You’re Trying to Find Office Space

Trying to find office space can be a pretty difficult task, but it doesn’t have to be. Learn what you need to look for in your future office.

So your business is growing and now it’s time for you to find office space that fits your business needs. That’s great! It’s an exciting time for any business, but you need to make sure you find the right office space.

Small businesses in the US are growing and getting more successful, and it’s great that yours is one of them. It’s important to find an office space where you and your employees can be more productive.

find office space like this

Wondering how to find office space that’s right for you? Here are 5 tips to help you.

1. Location, Location, Location

It’s not all about the actual office space, the location of it is important too. You want to make sure it’s easy for people to get to and not too far out.

Does public transport run nearby? Is it in a safe area of town? What about customers, is your office near to them? These things matter and can make a huge impact on your business.

Find office space somewhere that gets natural light and isn’t too far out. It’ll make for a better working experience and employees and clients can access it with ease.

2. How Much Can You Afford?

You could find the perfect office space in the perfect location. But it won’t matter if it’s out of your budget.

You don’t want to be out of pocket paying for office space. It’s counter-intuitive and is bad for business. Be aware of hidden costs like utilities and parking. Think of how much you need them for business. For example, if you run a media planning business, you’ll need high-speed internet at all times.

Calculate these costs and see how much you can afford. If the space costs too much, you may need to re-evaluate whether now is the right time to rent.

3. What Are the Facilities?

The facilities in the building are important to consider as well. They make a bigger difference than you think.

Does it come with telephones or computers? Is there a burglar and fire alarm? Is it a secure access building? How about the kitchen, does it have a microwave or refrigerator? Does it have a break room or vending machines?

These things matter and can help make your and your employees working days a lot easier.

4. Beware of Competitors

Make sure to scope out the area for competitors before you commit to a space. Are there any nearby which are a direct competitor?

If there are, think about how it will affect your business. If they attract your customers to come to them, you could damage your prospects.

Consider how much competition there is nearby and if it poses a threat. Find somewhere else if it’s too much.

5. Does it Feel Right?

The most important thing about finding the right office space for you is for it to feel right. It could have a lot of great points, but it could be wrong for your business in the long run.

If the ambiance is wrong, it affects the mood of your workplace. If the place is untidy, dark or generally bad environment, it will have an impact.

If the environment feels right though, it will be a better place to work and sell from. It will boost morale and productivity so it’s very important to consider.

Find Office Space That Works for You

When you find office space that ticks these boxes, you boost your business a lot. Don’t overspend on space and find somewhere with the right facilities and location. When you have these things, you’re on track for even more success.

Looking for an office space? Get in touch to see how we can help.

Coworking 101: The 5 Deadly Sins that will Zap Productivity in Coworking Spaces

Coworking spacesWorking at home really sounded like a great thing. No need to get dressed, no in-person meetings, you had your own private bathroom, and basically, you never had to physically interact with any other humans.

After a few stints in bureaucracy-heavy offices, you welcomed the opportunity to get away from it all. Perhaps, you’re a tech-savvy marketer located in Eugene, Oregon working remotely from your fairly priced apartment, things are looking great and much improved from your prior work situation.

The Mindset Shift

But then something happened.

While you enjoyed your work, you found that sometimes you felt like a hermit and you were worried that you were actually losing your ability to communicate with people since you left the house a lot less often.

You realized that although remote employment was what you wanted, you needed more of a semi-office environment, and coworking spaces seemed to be the right answer. Now you’re wondering what behaviors to stay away from in your new office space so that you will work efficiently, and equally important, get along with others.

Here are five things you should be aware of:

Picking the Wrong Space

Make sure you understand the vibe and ambience of of possible choice for coworking spaces and ensure that this determination is made during daily general working hours. Yes, we understand that coworking inhabitants may be at work at any time including weekends, but 1:00 p.m. on a week day would be a good time to check out a new space.

That way, you’ll get the feel of what happens there on a regular day. If you need a place to make private phone calls, make sure that your facility gives you that option. Likewise, if you need to meet clients, your coworking space should have some conference room availability.

Tech

You may want a wired connection for your laptop along with a strong Wi-Fi signal for your phone or pad. Sure, this should be a given, but until you plug in and logon, you can’t be sure that your space is going to provide optimal connectivity. There are no coworking space inspectors that test for adequate Internet signals, so you’ll have to do this yourself.

Discipline

We all wish we could just fire up an app and make money, but we’re talking about your career here. You already had a discipline problem while working at home. No, and it wasn’t your kid talking back to you. It was you watching daytime TV with a big bag of Cheetos when you should have been working. Even though you will be with others at your new workspace, you still have to treat work like work. Try to get there at the same time every day and establish a routine. While you may need to check email constantly as part of your business, you don’t need to follow politics every minute on CNN or Fox News. And while it’s fun to check your stocks every 15 minutes, that’s not conducive to getting anything done.

Smelly Food

You just don’t want to be the smelly food guy. It’s as simple as that. There’s nothing like the aroma of yesterday’s Subway tuna melt wafting throughout the entire area after you nuked it trying to bring it back to life. If you are the smelly food guy, don’t expect to make many new friends at work.

Conversely, it wouldn’t hurt to visit potential coworking spaces at lunchtime to make sure that there aren’t a lot of smelly food people there.

Be Careful on Fridays

Coworkers demand strong Internet signals, clean and modern workspace areas, clean restrooms, and free snacks and even free beer. Just don’t overdo the free snacks and beer part because even though you may be having a good old time every Friday afternoon during an extended happy hour, you may find that now you are only working 4 and a half days per week. If you watch some old movies, you’ll see how many business people seemed to regularly have a few martinis during lunch; bet they didn’t get much work done after that.

Working at home and renting a space at a coworking space are not that different. The same problems that can slow you down at home can reoccur at your new location if you aren’t personally disciplined. And one more thing, crowded downtown areas may lack parking, so if you are thinking of taking your car to work, make sure there is a place to put it.

Tips to Increase the Security and Safety of Your Bookkeeping Office Space

bookkeeping office surveillance Camera

A secure office space is necessary for both the safety of your employees and the sensitive documents involved in your business. For a bookkeeping business relationship to thrive, your clients need to be able to trust you—and you need to make sure that your business doesn’t fail on this front. Successful bookkeeping companies such as Balancing Books Bookkeeping always ensure that their client information is never misplaced or mishandled.

Here are the steps you can take to increase the safety and safety of your bookkeeping office space.

Secure your perimeter

The first thing you need to accomplish is securing your physical space. Make sure to accomplish the following tasks:

  • Perform risk assessment If possible, consult with a security company to receive a professional evaluation of your office space’s strengths and weaknesses. Otherwise, thoroughly examine your location for weak spots and check the local news for crime reports. Use this information to analyze what security threats you might face.
  • Make a security plan Map out your office space. Mark all client entry and exit points, employee entry and exit points, and fire exits. Identify areas that need to have better lighting, CCTV surveillance, and lock replacements.
  • Determine the security budget Given your security plan, you can now canvass for CCTV prices, lock replacement services, and lighting fixes. These are all one-time expenses, but their maintenance and the salaries of security personnel need to be included in the annual budget.
  • Execute your plans Armed with a well-mapped-out plan and the equipment you need, you can now implement your security plan.

Orient your employees on security protocol

Now that your bookkeeping business’s location is secure, you need to focus on security inside your area.

When you’re handling sensitive information like payrolls, bank loans, and inventories, everything inside your office should be protected and every move should be documented.

Here’s what you need to do:

  • Install a sign-in system Use a sign-in system to monitor who enters and exits your office. You will likely be hosting client meetings or entertaining in-person inquiries; having documentation of who comes and goes will give you a written record of everyone who enters your office space. This is particularly useful in the event of a security breach; a sign-in system will help confirm the presence of persons of interest.
  • Secure important equipment Any company devices or equipment should be in a safe location and should require company identification before being used. No employees should be allowed to bring home equipment, documents, and devices. Documents should not be on full display, especially in areas where nonemployees are permitted.
  • Get everyone updated on security protocol Create a security protocol and make sure all employees are oriented. For instance, ensure that the last person who leaves the office locks up all important documents, examines the whole area, and turns off electricity before leaving the office.
  • Create emergency evacuation plans Have emergency evacuation plans on hand, and properly orient all employees. Regularly conduct earthquake drills, if possible. Ensure that all essential documents are retrievable in cases of emergency.

Invest in digital security

Most of your company’s important documents are probably saved on computers, from client files to business permits. All of the company’s digital data and assets, including your website and social media, should be secured to avoid security breaches.

Here are some tips to follow when it comes to strengthening digital security:

  • Install strong firewall and antivirus technologies.
  • Block malicious and unsafe websites, such as torrenting and streaming sites.
  • Encourage all employees to use strong passwords.
  • Change passwords every few months.
  • Encrypt files and data.
  • Regularly back up all systems and files.
  • Disable printer sharing and wireless printing as some information is temporarily stored on printers when using these features.

Stay on top of security maintenance

You know what they say: hope for the best, but prepare for the worst. There’s no such thing as being too careful when you’re running a bookkeeping firm.

  • Routinely check your office’s security features. Repair any broken locks, lights, or cameras at once.
  • Make it a point to update your employees about scams, schemes, and other potential security threats.
  • Ask IT to report attempted security breaches immediately.

More than anything, make sure your employees are aware of your business’ security. Clients will inevitably ask about how you plan on keeping their information safe; it’s essential to have all that information on hand.

Protect Bookkeeping Office

Keeping your bookkeeping business secure is key. When your clients feel safe and reassured, they’re more confident in trusting you. And with these tips on securing your office space, you’ll have no problem securing success in no time, too.

How to Find a Second Medical Office for Rent

Medical office spaceOpening satellite medical office is not just for the large providers, it can benefit even smaller clinics or physicians’ offices. For starters, finding a second medical office for rent will introduce a new set of patients to your brand. Next, you may be able to use the second location as a jumping off point for an even more financially rewarding third office. How do you find the ideal second medical office that you can rent?

  • Choose a location in the heart of the area.

    Avoid out-of-the-way places that do not allow for foot traffic or a clear line of sight from the street. Many professionals have had success with medical office space in strip malls and office buildings where there is not a lot of competition around.

  • Negotiate a build-out allowance.

    You know from opening your first medical office what you will likely need to adjust to make the space suit your needs. Leverage this understanding as a negotiating tool with the new property owner or management company. Ideally, your build-out allowance should cover the majority – if not all – of your planned renovations.

  • Present your brand.

    The color scheme, sign placement, and logo presentation at your satellite office should be identical to the one you already operate. Doing so ensures that patients build brand awareness. In the majority of cases, the signage does not create a problem. If you are unsure, work with a tenant representative who can help you verify zoning rules concerning sign placement.

Of course, the most important aspect is to find a medical office for rent that lets you do what you do best: taking care of patients. Because you do not have the time to devote to a search that might bring you across town multiple times a day, enlist the assistance of a representative who does the legwork. This expert should also be able to assist with building specs and, in some cases, provide virtual office space tours. Contact us today to learn more.

Is Office Space an Employee Benefit?

Office space is an Employee Benefit

Actually, yes. Your office space should be considered an employee benefit. To do so you need to make sure you have developed a good workplace strategy that will allow the office space to shine. Employees do take office space into consideration when deciding where to work. If you treat it like an employee benefit, your employees will be happier and more productive. Your office space is a major resource for your business. It does so much for you. It gives your employees a place to work, and to meet with customers, but really, it does so much more. Your office space has a huge impact on your employees and their work. What can you do to improve your office space for your employees?

Office Location

The first thing that you should consider is how close your office space is to your employees. If your office is far away from any large communities, your employees probably have to drive long distances, while if you’re in the middle of a city, it’s probably just a few minutes, or even a short walk. Long commutes will lead to tired employees, but a short commute every morning will give you energetic employees that are ready to work.

General feel and design

The general feel of the office is actually very important. In addition to being attractive to clients, your employees will greatly appreciate an office with a happy feel. They’ll show this, whether or not they realize it, through working harder and more efficiently, as well as a more positive attitude in general.

Since most office workers spend a considerable amount of time in the office, it is important that you a work environment where employees will be happy and productive.  With a little effort you can upgrade an existing office taking a few of these ideas to implementation.

Colors

The color scheme is more important than you might think.  Studies have shown that different colors can create different moods. As examples, various shades of blues have a more relaxing effect and makes workers more productive.  Green is easier on the eyes and make people feel healthier. There are lots of studies in this area you can investigate

Office Layout

The trend for many companies is in utilizing a more open office layout.  One of the most popular ideas is to have a few desks or tables located in the center of the office with quiet rooms located throughout the rest of the office.  Open floor plans seem to increase teamwork but can become distractions for some workers so having the quiet rooms is important.

Standing Opportunity

Sitting all day is not healthy. Employees who work in offices can often feel the negative effects of sitting all day.  Many offices today are providing opportunities to work while standing.  Adjustable desks that can accommodate workers different heights are popular. Some have even provided table in break rooms where people can stand and have their coffee.

Art

Art work selection can be tricky. It is important that any artwork put in an office be chosen carefully.  Many offices have success with featuring pictures of company events. Also pictures of nearby landmarks or places of notoriety are also effective.  In some cases many companies have benefited utilizing the services of an art consultant.

Floor Coverings

Choose floor coverings to improve the look of their office.  This is cost effective and can have a positive effect on the work environment. Many companies like to get as many employees as possible involved with the floor covering choices.

Add features

Make additions to your office for your employees. A good start is a quality coffee maker or small kitchen if you don’t already have one. Once you have the basics, start making your office unique. Make your break room special or add a gym or library. Adding features that employees can’t get anywhere else can do wonders for employee retention.

Looking for more ways to improve your office space, or a new space all together? Contact us. We can help you find exactly what you’re looking for.

Is Coworking Space really just an Executive Suite?

Coworking spaceThere is quite a bit of public confusion over the terminology used in the office space industry regarding executive suites and coworking space. Many still believe that an executive suite describes the suite of offices on or near the top floor of a skyscraper where the top executives of a company used to work; including only the president or chief executive officer, various vice presidents and their staff. In other words, only the top brass. While coworking space is a relatively new phenomenon and many do not understand what it is. Here is some information that will hopefully clear up the confusion.

Essentially, what they both are is shared serviced offices operated by a management firm that house multiple companies. They have different styles to accommodate different workplace goals. Coworking space has become an extension of the executive suite concept with a different spin. Originally coworking space was intended to serve like kinds of businesses that could work together while still being independent. They have morphed into offices with networking opportunities with other occupants. Here is another article on the idea “WeWork Is Basically Regus With A Paint Job.” WeWork is the largest Cowork provider and Regus the largest Exeutive Suite Provider.

The executive suite / coworking centers are an excellent option for small companies, branches or companies that need flexible lease lengths. Many firms, large and small, choose to operate their business or satellite offices from an executive suite.

Executive suites and coworking spaces are both essentially shared offices with services provided by a management firm. They are a great way for small or growing companies to get off to a fast and low-risk start and a great way for a fast-growing company to have the flexibility for rapid growth. Whether you choose to go with the more conventional executive suite style or the newer coworking trend with depending on the way you want to work.

Generally, executive suites cater to those companies looking for privacy in their workplace; Businesses or individuals who want to be in offices. Coworking space is more suited to those looking to create synergy and network with other companies or individuals located in the space.

They both offer features such as utilities and janitorial, receptionist, secretarial,  personalized telephone answering, mail handling and coffee and food service on-site. There are still a lot more of services that you can avail. They are very much customizable depending on your style, budget and needs.

In an Executive Suite or coworking office, your efforts can be dedicated entirely to your business, while the management company is responsible for typical office management. You will enjoy a professional reception and support personnel without the headaches of hiring, training and employee benefits; state-of-the-art business equipment without purchasing and maintenance problems, and; a staff attentive to both you and your client’s needs.

Executive Suites, along with coworking office space, allows you the added flexibility of short term or long term obligations – both from a planning and a financial statement point of view. Other benefits include:

  • Convenience – A small office near home or the people you do business with every day.
  • Cost – Attractive, professional office accommodations at roughly 30-50% of the
    cost of equipping and staffing conventional office space.
  • Flexibility –  Full or part-time accommodations are generally available (hourly, daily,
    weekly, monthly, annually).
  • No capital investment – There is no need to buy or lease office equipment or furniture. Private offices can be completely furnished as well.
  • Control of operating costs – Offer state-of-the-art business support services which are billed to clients.
  • Higher productivity  – By leaving the operation of your office to a staff of trained professionals, your company personnel can concentrate on managing and marketing your business.
  • Enhanced technology and services – Most Executive Suites / Coworking space provide enhanced Internet technology and first-class concierge handling of business needs.

If you are interested in estimating the cost of an executive suite or coworking space, give our executive suite calculator a try. It will compare your costs at an executive suite type space with that of a conventional office space.

If you are looking for an office, we’d love to help. It is what we do day in and day out. We not only find the right space for your business but also negotiate the deal with you to ensure no mistakes are made and that you get the best deal possible. Contact us for your no obligation meeting.

6 Key Factors to Finding Great Office Space for Your Business

Great Office Space to WOWA great office space can WOW visitors, increases employee productivity, and promotes your business’ image. Choose the wrong space and you may find yourself with lackluster sales, low employee morale, and a floundering business. The key to finding the perfect office space, according to the U.S. Small Business Administration, is to perform a comprehensive assessment of potential locations. Make a list of “must have” attributes. Check out our office space planning checklist to help yourself focus your search.

1. Know the Zoning Laws

Zoning laws vary considerably by location, so it’s essential to become familiar with the regulations in your area. In general, you cannot construct a commercial building in an area zoned for residential property, the SBA notes. To check how a potential property is zoned, contact the planning agency for your municipality. Work with city officials to pay necessary fees, apply for licenses, and complete other paperwork to comply with zoning codes. If you run into trouble, hire a land use attorney to help you navigate complicated local regulations.

2. Understand the State and Local Taxes

Make sure you have a clear understanding of the taxes that you will owe to both the state and local authorities. These can vary significantly from jurisdiction to jurisdiction. You can usually find out information on the jurisdiction’s website or  consult your accountant.

3. Consider Your Visitors and Clients

Think about what types of people will be visiting your space. Will the office be used solely by employees, or will you hold client meetings there? Do you need teleconferencing capability? Does it need to meet industry regulations (such as those set by OSHA or another agency)?

The answers to these questions vary widely based on your business plan, but they significantly influence the type of office space you need. For example, if you want to impress new clients, consider an easily accessible downtown location or a luxurious entrance with a blazing fast internet connection

4. Choose a Location That’s Convenient for Employees

Your business can only be as great as the people working for it. To retain the best employees, carefully consider your office location. If you live in a city with a strong public transportation network, choose an office space near prominent bus or train lines. To make your office commuter-friendly, find a location with ample parking. Also consider perks that improve employee satisfaction, such as an on-site fitness room or a well-equipped break room, suggests Forbes. Thinking about your employees’ needs before you hire them will allow you to attract and retain the best candidates.

5. Decide on a Floor Plan That Complements Your Business Model

When possible, find an office space that requires the least possible renovation to save on costs. To achieve this goal, think about the type of office floor plan that makes most sense for your company. A tech start-up developing a new smartphone app might benefit from an open floor plan that allows employees to easily share new concepts. In contrast, your tax accounting firm may require private offices for each worker in order to increase client confidentiality.

When touring a potential property, consider your desired floor plan and whether it is possible to execute in the space “as is” or if you will need tenant improvements. According to the Harvard Business Review, the most effective floor plans bring employees together to share ideas while providing some private space. Think about the placement of executive offices, conference rooms, bathroom facilities, the reception area, and break rooms. Consider hiring an industrial-organizational psychologist or consultant for tips on how to best use office space to maximize employee efficiency.

6. Get Help From a Professional

There are specialists in your market who specialize in helping business not only find the right space, but also ensure they negotiate the best possible deal. They are known as tenant representatives. Like residential real estate brokers, they represent the buyer (or lessee) who is looking for property, but get paid by the landlord. In other words, there is no cost to you for their services and they are looking after your best interest. They only get paid once you are happy with your selection and make a purchase or sign a lease. They are an invaluable asset and in important team member for any company looking for office space.

While these are not the only factors to take into consideration when looking for office space, taking these 6 factors into account will help smooth out the process.

If you need help finding and negotiating for office space, please contact us. Our services and the services of our member tenant reps won’t cost you anything.