The six letter word ‘office’ sounds trivial, but it involves many activities. Some of them may be white-collar and some of them are entrepreneurial. In short, based on the scale of operations, the size of an office differs and so goes the number of people working there. Thus, an individual may hire a small office bespoke to his/her need.
Interestingly, an office has is an entity recognised by the law. It should therefore maintain properly from several aspects such as creating a lasting impression on the customers, employees, and the visitors alike. Offices handling commercial transactions worth millions/billions, however, follow a certain code of conduct such as the following.
- Commercial offices for rent need a clearance from the concerned municipal corporation or the city administrative office dealing with the licensing of a business establishment. In other words, you cannot open a commercial office at any location or premises. The building where you open such an office must have the requisite approvals from the competent authorities for conducting commercial transactions from there.
- Many commercial offices come up at locations that are far away from a city’s main market area. There is nothing wrong in it. In fact, there are different models of carrying out business. For instance, some FMCG (Fast Moving Consumer Goods) companies prefer to operate under franchisee model and there a franchisee provides commercial offices for rent. This is helpful in two ways – one the company representatives can sit directly at the franchise office thereby can have a greater control on the franchise and on the other side, such an office helps the company save money towards rent as the franchisee by default will offer a low rate for the office purpose.
- Hiring commercial properties for the purpose of an office may attract capital expenditure. For instance, to make a commercial place look like an office and to carry out daily business from there, you would need furniture and fixtures apart from the devices like PC, laptop, internet connection, tables, chairs, and the drawers. However, those are a one-time investment, but they would require maintenance with time. So, when you are hiring commercial office, look for the furnished offices at the first place that will save you from making an initial investment before becoming operational from there.
- Unless you are doing something that requires handling a high volume of customers on everyday basis, avoid hiring bigger space. Having said that, we mean you should prune the office space according to your exact need. This will minimise your liability towards rent and at the same time, it will translate to your profit.
There are many to explore here. For instance, while searching for commercial offices for rent, never book in hurry. If you’re in hurry, you will virtually lose on the competing edge in your marketing niche. In other words, always do a thorough search and analysis of a market before opening up an office there. This will enable you to save some critical bucks for your growth and profits.