Module 2 . Laying The Foundations

Business Premises
Office Space
Business Premises
Office Space - London Accountancy Case Study
Office Space
Office Leasing
Pros (Advantages)Cons (Challenges)
You will have a private space and some control over how your office is fitted outOffice leasing is more expensive than other options
You can readily welcome clients and use your own meeting rooms without checking with anyone elseThere 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 contractIt 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.
Retail Space
Retail Space Cont.
Retail Space
Finding The Right Place
Before You Sign
Before You Sign