When Your Startup Needs to Rent an Office Space, What are Your Options?
At first, it might be easy to run your startup company out of your basement, kitchen, or even your garage as you build the basic processes and strategies your business needs to survive. However, as soon as you are interacting face-to-face with clients, you need to have a professional feel and look to your company. Having your family interrupt you while you’re in the middle of an important business call is not an option. Your home is definitely not the right place for your company to stay permanently.
For every startup, there comes a point where you need office space as you start to get off the ground and make something of your company. Getting office space that meets your needs and budget shouldn’t be difficult. Check out the following options on how you can rent an office space that will work for you.
Full-Service Lease/Gross Lease
A full-service, or gross, lease is a traditional office space. You would use a gross lease when your startup finds a dedicated location for your office and then signs a long-term contract to use that location.
The benefit of a full-service lease is that it gives your company a dedicated location to work from and call your own. For many full-service leases, it may include plumbing, electrical, and janitorial needs so you don’t have to worry about additional bills or fees as part of your lease.
A drawback of a gross lease for a startup office space is that they typically have long-term time requirements, which can be prohibitive. Typically, a lease goes for a minimum of twelve months. The money that is spent on that lease would be better invested back into your company. Money for startups, which can be limited, is usually better invested in products or employees, not in long-term office space.
Coworking spaces come with low-price leases and typically no time requirement. You are able to find high-quality office space to work in for a day or a year that will fit whatever your needs are as a startup company with shared office space,. With startups working on very strict and tight budgets, a coworking space can fit your needs without breaking your budget and can be a great place to start your company’s journey.
With no time restrictions or requirements as part of the lease, as your startup begins to succeed and grow, you may need a larger office space to continue. A coworking space allows you to scale up as you grow and take advantage of a desirable location, without having to worry about contracted months or cancelation fees.
Rather than having a physical office space, a modern option for a startup workspace is a virtual office. In a virtual office, you use the internet to share information with your coworkers, and use video conferencing for your meetings.
Virtual offices are a great tool because rather than worrying about using the office space to bring your employees together to share ideas and build your company, you are able to use the internet as that space. Through digital meetings, you still get the face-to-face interactions with your employees and clients, but without the need or costs of traveling.
Davinci provides both virtual offices and coworking spaces in major cities around the world. Whether you are in Paris or New York, Los Angeles or Tokyo, Davinci can help you find the office space that will give your startup the professional environment and setting it needs to succeed. You don’t have to base your startup out of the drafty basement or garage of your house; instead, you can get a coworking space from Davinci.
Davinci virtual offices allow you to connect to your team no matter where they are in the world, as long as there is an internet connection. Davinci can help you communicate, share, and collaborate with your team. Through Davinci video conferencing, you can share your screen, present content, and focus on growing your company rather than worrying about unimportant things. Contact us to learn more about virtual offices and coworking spaces today!