For a new business navigating their way around the real estate market can be tricky. There are so many factors to consider before you can settle upon the right location for your business. There is no shortage of options for the entrepreneur, as you can be bombarded with choices from different brokers and real estate agents. Each option seems viable. It is now up to the astute entrepreneur to weigh in all the options regarding his requirement and choose accordingly.
Here is a simple guide on how to choose the best location for your business.
What is your type of business operation? Are you a freelancing web designer or a law firm? Are you just interested in having a space to work from on a flexible basis, or does the location matter in terms of image and prestige? A freelancing web designer does not necessarily need traditional office space. For such individuals, a coworking space works best. On the other hand, if you are a law firm, you might be more interested in having a prime address for your office as it will matter to your clientele. These law partners may benefit from taking coworking spaces in Delhi at a prime location, such as the Statesman House in Connaught Place.
It might be essential to consider who your clients are and how close they are to your location. The situation may be that you are a company whose headquarters are nearby, and you need extra space to accommodate the sales team. Such a company can benefit from taking a smaller coworking space in Delhi, which is nearby to allow both teams to be in close vicinity.
Alternatively, if you are a law firm, you might want to take up space near the court to facilitate easy access for the clientele. Avanta Business Centres has office spaces in Southern Park, nearby the Saket Court Complex, which would be an excellent fit for the law firms.
If you are an immigration or educational firm, that depends on the number of clients coming into the business. You might want to take coworking space in Delhi, which is in an accessible location. A location like Connaught Place would be ideal, as it has excellent connectivity through road and metro. There are numerous busses, taxis, and autos available. What are the other businesses nearby: What is the locality of the area you consider for coworking space? Is it a business that you can benefit from and want to be closer to their location, or is there competition around, and want to keep them away? If you are an IT professional, being near the Nehru Place, the computer market can be a bonus in your selection of coworking spaces in Delhi.
One major factor to keep in mind is growth and expansion. As a small business, it might be easier to take up a coworking space. But when you grow in staff, it might not be such a feasible option. Instead of going to the traditional office space route, you can go with coworking space providers such as Avanta Business Centres. They give you the possibility to expand in the same location. You can quickly go from a small firm of 3 to a large firm of 30 members in the same premises, as they provide flexible spaces for your requirement.