Shared offices are a cheaper alternative for start-up businesses that do not have enough resources to set up their own office spaces. Most of the businesses that are doing well globally either started in tiny spaces or in shared offices. If you are an entrepreneur who is considering using shared offices, some of the things you should consider are as follows.
Businesses You Will Share Space With
The type of business that you will be sharing spaces that should align with your business objectives. For instance, if you are in the business of selling software, it would not be wise to share space with an enterprise that prides itself on pirating software, since it could damage your reputation. Customers might assume you do the same thing. You should also consider if the businesses within the building will be your competition or if you can find ways to complement one another.
Before you move into the shared space, you should find out about the amenities that they have. Important details to inquire about include internet connectivity, access to landline phones, cleaning arrangements, security, and other important details that may interfere with how you are doing business.
Details in Lease Agreement
You should never make a mistake of signing into an agreement to share office space without knowing what exactly will be expected of you. The lease agreement should get into specific details about how much you are expected to pay, when you will pay, and to whom you shall pay the rent to. It should also give you details on what happens when you cancel a lease.
Goals of Your Business
The objectives and goals that you have set for yourself should determine the kind of office you want to rent. If you want to attract high-end clients within the first year of operation, you may want to start off in your own space, or in a less crowded office.