For many people, one of the ultimate life dreams is to start up a small business, and take it from that initial fledgeling idea, to the point of being a vital and roaring success of a company that more than pays the bills and puts food on the table.
Of course, creating a small business and striving to take it all the way is a pretty heroic undertaking, when you consider the fact that most startups fail and most entrepreneurs who eventually enjoy success first have to go through more than their fair share of disappointment.
If you want to create a startup, know that it’s going to be hard work, but it will also be immensely rewarding and fulfilling. Of course, if you’re going to create a business that isn’t based purely online, you’re going to need to identify the right property location to base it out of.
In fact, the property you use as your base of operations can have a substantial impact on how well your business performs. A commercial property search, therefore, should be thoughtful and attentive.
Here are some things to keep an eye on when searching for property for your small business.
Accessibility and location
It would be a pretty terrible mistake to become so enamoured with a property’s specific features, that you failed to take into account the location it was based in, when considering its suitability as a base of operations for your business.
When all is said and done, the location — and for that matter, the accessibility — of your company may play a major role in the extent to which you’re able to successfully base a business there. This is, in any case, certainly true for client-facing businesses which depend on engagement from the general public.
If your business is based in a crime-ridden area with poor transport links and little pedestrian traffic, you’re unlikely to do well, even if you’ve found the most attractive building in the land.
Space and layout suitable to the particular needs of your business
Different businesses require different things from the space they occupy. If your business is largely based around having a team of expert marketers reaching out to wealthy prospects around the world in order to entice them to use some digital service, then your top priority will be creating a comfortable environment for a small-knit team to operate within.
Then again, if your business is based around client-facing retail, the layout will need to have a large, open, and attractive shop floor, in addition to space for a stock room and loading bay.
Get clear on the specifics of just what your business requires, space-wise, before going looking for premises.
Affordability and reliability
It’s no good identifying an excellent business, in an excellent location, if, due to some zoning dispute, it could have an unstable legal future within the next 5-10 years.
It would also pointless to commit to acquiring such a property, if it turned out that you would need to rapidly go beyond your budget in order to purchase it. Likely, this would just cause you immense practical difficulties once you got your business off the ground.
Choose a property which is realistically affordable, and which is reliable, too.