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6 Tips to Avoid Wasting Money on Office Space

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6 Tips to Avoid Wasting Money on Office Space

Posted on November 4, 2019

Looking for new office space? But wondering how to fit it within your company’s budget?

Most start-up entrepreneurs end up spending more capital on office space, leading to escalation of their business costs. This is often because they lack experience and avoid some market research that can save them a lot of money.
If you’re one such start-up owner on a limited budget, then follow these 6 ways to avoid wasting money on your office space. Find out what’s included in the office you’re considering before you commit.

1. Use a Workspace Broker

Some brokers in the market provide a free office search service. This means you don’t have to spend money to find your new office space. Brokers will just use their expertise and resources to find you a perfect workspace in the market.

2. Do Some Online Research

You agree or not it’s an era of online research and marketing. There are plenty of websites available online selling office spaces and other related products. If you want to save some money on your workspace, then start browsing online. There are multiple business centres in the industry, offering ready-to-move workspaces, where you can set-up your own business. Just go through the company profile, their products and services, and the facilities they offer to set your start-up business.

3. Don’t Have Workstations for Every Team Member

Having a desk for every team member is so old school. Today, big multinational corporations operate with space only for two-thirds of their staff. Most companies are now using remote working options, wherein they save more money and provide more opportunities to their employees. By choosing hot-desking facilities and virtual office solutions can help you save a lot from your pocket.

4. Start Sharing

Many start-ups have now started sharing office spaces and resources to survive in the competitive market. From a private office to co-working in a business centre, today’s flexible office options provide you a wealth of ways to save and share. A shared workspace can give you the flexibility to manage your business efficiently, that too at a reduced cost.
Apart from flexibility and affordability, many other benefits make co-working space more viable. Read more about the benefits of shared offices to decide more about your office.

5. Make the Most of Business Support Packages

A serviced office in a business centre usually comes with a wide range of onsite facilities and services, all included in your monthly rentals. But some entrepreneurs forget to make the most of it and instead spend money on the same. So when choosing a serviced office, find out what’s included in the business support packages and make the most of it.

6. Don’t Look Too Far Ahead

Planning for the future is good, but committing to more workstations or space right now could make you spend more. Serviced offices give you an option to upsize or downsize workstations as per your business requirements. This means that you get extra space whenever you need it. So why pay for more now?
You should always find out what’s included in your office space. Do some research and compare with each options. This will help you to save a lot on real estate capital.
If you still need help searching an office space in Delhi or Gurgaon! Call us on +91-11-3044-6402 or drop us an email at info@avanta.co.in.

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