So you’re contemplating moving your office outside of your home and into a startup office space. You may not be exactly sure whether it is the right time (or if there even is one) to open an office for a startup. Many new businesses never even make it to this point, so consider yourself farther along than most entrepreneurs. There comes a time when working out of a home can become more of a hindrance to future growth than a cost savings measure.
So when is the right time to look for startup office space? The simple answer is just this: when you feel you’re ready. Now there are definitely a couple other big factors that must be in your favor as well.
First things first, money.
Let’s face it, you cannot get your office set up anywhere without money. This may seem obvious, but many business owners miscalculate the expense and their ability to pay for startup office space. Rent is not the only factor you must consider when moving your business into a startup office space, you’ll also need to consider office supplies, transportation, furniture, network setup and many other items. So make sure to calculate even the little things into your expenses.
The importance of client meetings.
Are you selling more contracts or making more connections, but getting tired of meeting at the local Panera or restaurant down the street? This might be a sign that it’s time to move your startup office space to a more official location, other than your home. If you want to be taken seriously, then you need to be in a place that represents your brand, a place that justifies you as a professional entrepreneur.
So if these are all factors that represent you as an entrepreneur taking the next big step in your career, then it might be time to move your startup office to a more professional location.