The property that you choose to run your business from has a massive impact on your brand. In addition to being large enough for all of your employees, and easy enough for them to get to on a daily basis, it needs to have the right facilities available to successfully run your business, the right layout and structural requirements, plus it needs to be able to grow with you as your business grows and develops over the long term. Here are some key factors to keep in mind when choosing a new business property.

#1. Draw Up a List of What You Need:

Before you begin your search, it’s a wise idea to draw up a list of what you need from your new business premises, so that you can easily narrow down any possible choices. Consider how important factors such as the property size, location, layout, facilities, structure, and parking space are to your company and exactly what is needed from each. And, consider your plans for long-term business development; do you want a property that is large enough for your business to expand into, or are you going to be making changes to the building in the future, such as adding an extension?

#2. Getting the Location Right:

Depending on the type of business that you run, the location of your premises can make all the difference to your success. If you’re expecting clients to be visiting your business address, then the location is all the more important; you will need to find somewhere that your clients and customers can easily get to, whilst providing them with adequate facilities such as parking if necessary. Even if you are not a shop or somewhere else that clients will visit regularly, it’s worth considering the impact that location will have on your employees. If most of your workforce is local, then you will not want to move the premises so far that it creates a long commute for them.

#3. Buy or Rent?

Another major factor to consider is whether you want to buy or rent your business property. Renting could be an ideal choice if you don’t plan to stay in your new business premises for an extended period of time, or simply want to keep your options open. On the other hand, buying a property could be the better idea if you would like this to be a permanent residence for your business, or if you are considering making considerable changes to the property that would not be possible in a rented office. A bridging loan can make it easier for you to get in your new building quickly if you are buying – check out Alternative Bridging Corporation for more information.

#4. Legal Considerations:

Finally, consider all the legal factors of moving into a new business property. For example, you will need to – ensure that it adheres to health and safety requirements; get the right planning permission if needed; have the right insurance; and make sure that it is accessible to all. You may also need a license to operate depending on the type of business that you are running. Before moving into a new business property, make sure that you have given all these factors some careful thought.

By Eddy

Eddy is the editorial columnist in Business Fundas, and oversees partner relationships. He posts articles of partners on various topics related to strategy, marketing, supply chain, technology management, social media, e-business, finance, economics and operations management. The articles posted are copyrighted under a Creative Commons unported license 4.0. To contact him, please direct your emails to [email protected].