What are the problems faced by startups when looking for Office Space?

Startups are new businesses that often run with low operating costs as they are in most cases in the pre-revenue stage. A majority of the employees of these startups are fresh young graduates who are full of energy to put in their effort. Therefore it is important to provide a space that keeps the enthusiasm high among these young guns. But finding such an office space can be challenging sometimes.?

Let’s look at some of the problems that startups face while looking for an office space and how to find solutions to these problems.?

1. Choosing the right office type:

Whether to go for a completely private office or a coworking space is one of the first questions these days. If the startups take a bare shell then they can develop it as per their need and theme but if they take a coworking space then they will have to adapt to the style of coworking, yet it may be slightly customizable. I would advise that a pre-revenue startup should stick to coworking space until it is funded by an external investor and may go with a completely private customized office space in the later revenue stages.

2. Finding the right location:

As startups have the majority of young graduates, they may not own a private vehicle and usually depend on public conveyance. Hence it is very important that the office is located at a place that is well connected with the public modes of transport like bus, metro or local train. This would reduce the daily commute cost and the employees would be able to save more on their salaries.?

3. Choosing the right layout:

It is very important for startups to understand what layout works best for their team. The layout of the office space will facilitate the team to work without distraction and should also provide ease for teams to collaborate with each other regularly.?

4. Maintenance of the office space:

Numerous problems may arise on a daily basis when a number of people are using the space. The problems can be small like plumbing to cleaning issues whereas bigger ones like wifi connectivity issues which can hamper the day’s work and lead to high loss of productivity. It is very important that a third-party maintenance team is hired to take care of all such problems so that the company owners do not have to look into it again and again.?

5. Dealing with lease terms:

The lease terms can sometimes be complex if it is poorly drafted and it may lead to unnecessary problems in the future. It is very important for startups to hire a good real estate broking firm to help in the process of creation of lease terms and also to make sure that the agreement is executed without any hassle.

Office space helps in giving a head start to your business and allows them to thrive but finding a perfect office space can be tiring.

However, with expert property advisors like Golden Red, you’ll be able to find a perfect office space and grow your business like a pro.