Choosing an office for your small business
January 20, 2023 10:17 am Leave your thoughts
Running a small business involves making many decisions — and few are more important than picking your office. Now, there's no rule saying that you need an office to find success. Many small and medium-sized businesses choose to forgo the brick-and-mortar location. But, if you want a physical office for you and your team to call home, then you've got plenty of options to choose from.
As you shop around for your business location, remember that your requirements will differ from other small businesses. According to the U.S. Small Business Administration, the definition of "small" varies by industry — so base your headquarters on your company's unique needs. Here are the various office styles available to you:
Private office space
If you're searching for a professional space to work on projects or connect with clients, then a private office is a smart choice. This style of workplace often includes one open space with multiple offices, meeting spaces and break rooms depending on the private office you decide on. This option can also help you cut costs as many come move-in ready with internet and phone services.
Executive suites
If a private office doesn't offer the focus or comfort that your team prefers, then executive suites may be better suited for your business. Typically, suites are set up with private offices that may also include meeting spaces and a break room or lounge. Although this can be a more expensive option, it delivers a luxurious experience for you and your clients.
Shared office space
For those less interested in privacy or a specific office layout, a shared office space — or coworking space — may hit the nail right on the head. Instead of leasing a floor in a shared office building or specifically laying out a workplace for each of your team members, choose a shared office space — a cohesive area where multiple companies or teams inhabit and split ownership. This setup still gives you a physical location to operate from, but cuts back on furniture and amenity costs. This style of office is generally furnished and ready for work right away, with break rooms, meeting spaces and conference rooms available.
Virtual office
Fully remote or hybrid teams — about 70% of people, according to Gallup — may not need a full office, but still desire a place to meet with people and an address to send mail. If that sounds like your company, then look into a potential virtual office. This style of workspace can give you access to a meeting room or desk, and it's generally more cost-effective than owning or leasing a whole office.
If you have any further questions about your business, feel free to contact the Law Offices of Donald W. Hudspeth, P.C.
Categorised in: Starting a Business in Arizona
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