For anyone starting out on a new business venture it can be a thrilling time and, for many, involves a steep learning curve. There will be highs as well as lows along the way. From the outset, it often seems like the whole enterprise is something of a risk and it can, therefore, be quite an intimidating proposition. Which is why you need a flexible business premises.
When starting from scratch, you might not know what the future has in store. One thing is for sure, starting up your own business can be one of the most exciting things that you can embark on.
Most well-organised self-starting individuals mitigate the risk involved in a new enterprise by being as prepared as they can be before launching. This might include making business plans, producing sales strategies and forecasts and researching the sector thoroughly. It might also even include testing the market out in some way, and taking advice from experienced people in the industry.
However, once you have embarked on an exciting voyage like running you own business, you can never truly be sure of what will lie ahead.
As a result of the business risk that is most often acute at the start of an enterprise, a high degree of flexibility ought to be built into the business model from the start. This mean that during the early phases, remaining unfixed to one plan will not only be desirable, but could make the difference between success or failure.
At the start cash flow is tight, and you will be spending more than is coming in. Your whole business is under the greatest threat of failure. Adaptability, therefore, is key even if that involves activities that you never imagined in your business plan.
However, you also need flexibility over costs too.
One of the major overheads that start-up businesses face is when they rent office space or search for workshops to rent. Buying your own premises and committing to repaying a large loan or signing an extended lease on an office requires a huge financial undertaking. Crucially, it means committing to one path with little option to alter things down the line if needed.
You can end up feeling like you are competing with one hand tied behind your back if you don’t get it right from the outset. The last thing any new business owner needs is to have a lot of their precious working capital tied up for extended periods dealing with premises-based overheads.
It is for this reason that versatile business premises solutions from a company like Flexspace makes so much sense for start ups. Or, for that matter, mature small businesses.
Whilst future proofing your venture, is normally the number one reason to consider flexible business premises – there are many others, as well.
A key factor in choosing Flexspace is its sheer scope. There are suitable locations all across the UK, all near to major transport links and infrastructure hubs.
There are a variety of units available to rent, such as self-storage, workshops, industrial units and offices, each providing for changing business needs and growth.
Favourable terms are frequently available with special offers for new customers and start-ups, like three months free rental for a 12-month lease sign up. There is also the opportunity to take on mixed units as your business requires them.
Flexibility is one thing, but you also need premises you can rely on.
Flexspace offers a wide range of different types of offices and workshops to rent across the UK, all of them maintained to a high standard. Many clients have been long standing customers for over ten years, but the approach is very much a welcoming one to new customers who want to rent office space for the first time.
In conclusion, whilst the biggest challenge for a new business is likely to be cashflow. Your premises need not be one of your early headaches – in terms of reliability and flexibility you can get the best of both worlds.
Finally, remember that finding a business premises with flexibility built in, means that you will be able to focus on the important matters ahead.
With favourable financial terms – and frequent free month offers – you may even find that your cash flow situation is improved in the early days.
Why not get in touch with Flexspace today to see what we can do for you?
You can rent a Flexspace unit for a minimum of 12 months all the way up to 10 years or more.
Most sites have different unit sizes, so you can move and grow with Flexspace. Choose workspace on your terms.
Most of our units are so flexible that you can shape the space to be precisely as you want it to be.
From Cafes to Gyms, Galleries to Labs, we’ve seen and done it all. Choose space to fit your needs.
