We live in incredible times. It’s now possible for mumpreneurs to earn great livings from the comfort of their homes. However, at some point in time, you might consider the option of finding an office space. It will help your business appear more professional – and give you space in which to grow into.
There will be room for employees, and you could even end up being closer to your customers. But let’s not beat around the bush, here. From the very second, you decide to leave the home office and move into a rented place; it’s going to cost a lot of money. So, read on to find out how you can trim those costs and keep more of your profits to yourself.
The right office
First of all, it’s vital to understand that moving into an office can have a dramatic impact on your profit margins. Rent is never cheap, wherever you end up, or how much your business is growing. But there are some simple things to consider for your office move if you want to save some money. First of all, consider sharing space with other businesses. Many co-working environments are springing up all over the country, and should be your first port of call. If you do decide to go it alone, avoid the traditional, central locations. Everyone wants a primary business address, and this causes the prices to skyrocket. Instead, be clever about your position. Sometimes, a small office block just off the center can be a lot cheaper than on the main drag, while still giving you all the benefits.
The right equipment
When you move into a plush new office, it can be tempting to fill it up with brand new equipment. However, there is no need for all this expense. Furniture can be picked up from thrift stores or the likes of arnoldsofficefurniture.com, rather than new. PCs and electrical equipment can all be bought refurbished from manufacturer’s outlet stores. And when your gear arrives looking brand new, you will understand there is no need to buy new. You can save anything up to 50% of the cost by looking into the used markets. It just makes sound financial sense.
The right services
Business rates can be expensive, no matter which utility providers or services you choose. But the key is to stay on top of your current deals. Take switching services such as power2switch.com, for example. They can help you find the best deal going in your region for electricity. You can do the same for gas, maintenance, and a whole host of other essentials. It’s also worth thinking about forgoing a traditional phone service. Again, it can be expensive for businesses, but as long as you have broadband, you can use a VoIP service instead.
Given the costs of renting and running, an office can be so much greater than working from home, try out some of these ideas. They will help you keep more of your profits, and improve your bottom line. Good luck with the big move!