Module 2 . Laying The Foundations
Business Premises
Office Space
Office Space - London Accountancy Case Study
Office Leasing
Pros (Advantages) | Cons (Challenges) |
---|---|
You will have a private space and some control over how your office is fitted out | Office leasing is more expensive than other options |
You can readily welcome clients and use your own meeting rooms without checking with anyone else | There may be limitations to making changes to the space |
You are likely to be locked into a minimum contract of months which could pose a financial risk if your business doesn’t perform as expected |
Serviced Offices
Pros (Advantages) | Cons (Challenges) |
---|---|
It’s easy to upgrade or move on without being tied into a contract | It lacks the privacy of leased office space |
The facilities are good; cleaning, storage, meeting rooms etc., are all accessible. | You won’t have options for altering the space around you |
Co-working Space
Pros (Advantages) | Cons (Challenges) |
---|---|
The locations of co-working spaces are usually good, and if you’re starting up, they might be unaffordable otherwise. | You may not be able to afford a permanent desk, so you lack the privacy and continuity you would get in a leased space. |
The facilities are often good with bike storage and a cafe. | Access to private areas/meeting rooms may be difficult to secure. |
There’s often a lot of startups at the right co-working space, giving the space a buzz and creating a good network hub. |