Office rental Perth is becoming more and more expensive so how do you plan for growth without having to pay for space you don’t need now. Do you take a space too large for your current needs or opt for a smaller space hoping you can find something else nearby when you expand. How do you make the decision?
The other day a young entrepreneur dropped in to discuss taking temporary office space in the Swanbourne Business Centre.
ID Scanning Equipment for Nightclubs
He and his partner have developed an ID scanning machine for nightclubs. It is superior to anything on the market now and they know they have a winner with this equipment. Once the prototypes have passed the final testing phrase they will be ready to go into production. It is all looking good and from here on their company will probably grow quickly.
Office Rental Perth or a Warehouse
So do they look for a warehouse with adjoining offices to house ten people or take a small office rental Perth to house three people and control their outgoing expenses in these crucial early months?
Their apparent overnight success covers a lot of hard work over a fairly long period of time. They feel confident but they shouldn’t spend the profits before they make them – or if they do, they may need to call for outside financing. External financing will give them immediate cash flow and a bigger purse to spend on early expenses but it comes at a hidden cost. Accepting outside investors can be a sure way to end up with long-term business partners you would not have needed if you’d controlled your early costs.
Budding young entrepreneurs work late at night after their daytime job finishes. Some have young families and can only work on their business when the children are not around. To have a space where they can keep all their working papers and prototypes means they might need to set up in the garage or pay rent somewhere. Once they reach the next stage, where they are presenting their idea or product to potential customers they need to adopt a business-savvy identity.
Separation of Business and Home
Having a formal work space outside the home removes the distractions of domestic life and helps with focus. It’s also a good idea to be working in the same vicinity as other entrepreneurs, coffee shops and places such as parks or beaches to stretch and revive during those long working weekends.
Getting hold of a small office rental Perth is a good idea for Perth start-ups who need a little time to see how things may pan out. Commercial office space Perth based on short term tenancies work well in this case because while it’s important to have one place to keep all the documents and materials in order, in the early stages of growth the space needs can change rapidly. Once they start sharing desks they will know it’s time to move out and get their own larger dedicated space.
Swanbourne Business Centre for Office Rental Perth
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