As a business owner, your company’s office is a reflection of its culture. It’s where employees come together to collaborate and get things done.
However, office spaces can be expensive and time-consuming to find. It’s also not always necessary, depending on the nature of your business.
Here are a few factors to consider before deciding whether or not your business needs an office.
First and foremost, the people are what your business is about. Do you have a small team?
Did you just move to Dubai to establish your primary business location? Are your employees remote-only?
If so, office space is almost certainly unnecessary at first. It’s important to first make sure that everyone has the tools they need to communicate and collaborate efficiently.
If you decide to start with everyone working from their apartments, make sure that everyone has the right equipment and software.
If this isn’t your first rodeo and you have been in business for a while, perhaps you already have an existing office space but it’s time to reconsider whether you need one anymore.
Start by taking stock of how many people are currently on staff compared with when your company was founded.
If you’re working toward business expansion and have several employees and departments, it’s only right to find an office space to cater to your business needs.
You may decide that your company needs an office because you want to impress customers. This could be through hosting business meetings, training sessions, or even seminars and conventions.
It could also be for social events such as awards ceremonies or parties to celebrate the success of a new product launch.
An office can also attract further trade by allowing you to host exhibitions, trade shows, and conferences. In addition, having a permanent base with space to meet clients will give them the confidence that your company is reliable and trustworthy.
While mail may not be as important to some businesses as it was in the past, it is still an issue to consider. If a lot of mail will be sent between the business and clients or customers, you will need to decide where that mail will be delivered.
Most of these issues can be handled through virtual offices or through home offices, but you should also consider whether any mail needs to get back to you in a timely manner.
In addition, if you are registering your company and opening bank accounts, you’ll need a physical address for these purposes.
This can also be solved with a virtual office or by registering at your home address, but in many cases, an office makes more sense than either of those options.
If you’re the type of company that requires a site to place physical equipment like servers and databases or even physical products to sell, you may need an office space. Storage is also a major concern for many companies.
If you require shipping and receiving capabilities to keep up with your business demands, consider whether having a location in which to store your items makes sense for you.
The location of your storage and production facilities can have far-reaching consequences for your product quality and customer satisfaction. Shipping times affect both.
If your business requires being on-site in order to fulfill orders, then it is likely that office space will be critical to the success of your company.
For many startups, the most important thing to consider is community. Do you have it?
If so, will your office be able to support it? It’s easy to underestimate the value of community when starting a company, but it’s more important than almost any other factor.
Your company doesn’t just need a place for developers to sit and write code—it needs an environment that fosters creativity and innovation.
A community is what makes well-known entrepreneurial hubs so successful. There are so many people working on similar projects and in similar industries that they can exchange ideas, share resources, and inspire one another on a regular basis.
It’s what turns simple startups into world-changing businesses.
If you already have access to a vibrant entrepreneurial community (through coworking spaces or networking events), then your office should be able to support that community by providing resources like additional meeting rooms or event space for conferences and workshops.
If you don’t have access to a great local startup scene, then look for ways to build one around yourself!
If you’re thinking of renting or buying an office space, there are many factors to consider. Office spaces vary in size, location, amenities, and price.
Before deciding on a space that’s right for your company, make sure you know what to look for. More importantly, ensure it’s the right call for your business needs.