How Renting a Business Space Helps You Grow
When a business is growing it’s often time to consider leasing a commercial space to support the growth and expansion. But some small business owners might be wondering whether renting an office space is truly worth it, if they can just work from home.
Having a leased space as your business headquarters has a lot of benefits, and will help establish your company’s brand and reputation, as well as encourage even more growth for you and your employees.
Here are the top ways renting a business space helps your business grow.
Operating your business from a more central location is going to increase your accessibility. This helps you grow as it allows and even encourages more people to visit your business in person.
This helps you gain new customers and sales. Without this accessibility, you are missing out on this additional opportunity to grow your business.
If more people are able to visit and see your business, this is also going to help with your brand recognition.
Greater Brand Recognition
Renting a commercial property will help with both establishing and improving your brand identity. Having a more visible space means that more people will see your name, just by passing by.
Many people will start associating your brand with your office building, so you want to make sure that it aligns well with your identity.
Having an address to put on Google will also help with your online presence, and will look more legitimate when people search for you online. Google won’t always approve a short term lease property as an address for your business, so having a long term lease agreement helps you in this situation.
Improves Credibility and Professionalism
Having a permanent space for your business will improve your credibility in the eyes of both potential clients and employees.
It can seem unprofessional and even dodgy to some people if you don’t have a permanent space for your business.
If you want to grow, you don’t want to risk people finding you unprofessional, or worse, a scam. All because you don’t have a workspace they can visit. It’s not necessarily fair, but it’s how people think.
If you want to grow your business, having a professional commercial office to work out of is going to help you build trust and credibility with your clients.
Promotes Productivity & Morale
Having your own office space is good for you, and your employee’s work-life balance. Being in the same spaces enables you to work together, and helps streamline workflows and boost collaboration and productivity.
You are able to make sure that you set up your office in an ergonomic manner, to ensure everyone is being well looked after.
Working together, when done correctly, will help build rapport and bonds that will improve the productivity and efficiency of your business.
Gives You the Space to Grow
When you rent your own office space you are giving yourself the room you need to grow. You will be able to hire more staff and facilitate the work that you need to get done.
If you are stuck working from home, you might not have the equipment, or the space, for your business to take on new clients or orders. With your own commercial office, you can make sure you aren’t held back.
And when you grow even bigger you have the option to renew your lease or move into an even bigger space when you need to.
If you are looking to move into a new office soon, contact the team at Englander Principal. We are NOT real estate, but we negotiate with commercial real estate agents on your behalf, so that you can get the absolute best deal.
Find out more about how you can get a rent-free period in your perfect office!
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