Real estate is a difficult world to find something to your liking and to your budget. When it comes to startup businesses, where you are already spread thin when it comes to finances, going to find your ideal business location can be a frustrating and stressing activity. But it is also something that you will need to give your thoughts for a long time in order to make a decision that is beneficial to your company.
Calculate your space requirement
If you have a business that will only need to house the employees who will be working full time, and a slot of space for part timers, then you can allocate the larger space in a building for the full timers. For every four to six employees, as a rule of thumb, you will need to allocate around 1000 sq. ft. if you want to keep them in your business for a long term basis, then you will need to give them ancillary services like a kitchen, clean bathrooms, equipment to work with and et cetera. If you also have to consider spacing for your supplies and products to be stored at, then you will have to think of buying or renting a warehouse in addition to the working/ business space as well.
The geographical coordinates of your business, as well as ancillary conveniences of the location are some of most important aspects that you have to consider. The business should be at a location that is easily accessible through public transport and also by a private vehicle, and should have facilities such as parking and shade. Your location should also be surrounded by regular conveniences like coffee shops, and other business types different from your own so that a larger crowd will notice your business.
The virtual office address for the first few months
Depending on your business, having services of one of the best virtual office in Singapore will become a great asset to you in the long run. These services are not cheap in the least, but if you wait out and grab a deal for it, then it will become an investment that will be helpful for growing your business and increasing revenue. Having a branch of your business in a place where it can reach millions of people in the click of a button, and provide services on international timelines will become a great aid for increasing sales as more people are becoming used to e-commerce and online shopping.
There are a lot of choices for finding a working space for startup companies. You can co-rent a space, or even be based off from your own home for the first few months and do the work online, and rent a space at a centralized business space renter.