Ahhh, the smell of the fresh paint! The attraction of a gleaming building! The exhilaration of finally establishing your startup in your very own office! Selecting your first office space in Andheri is exciting. It can predict your business’s brilliant future. However, if you are not careful, selecting the wrong commercial office space in Andheri east could decrease your business ROI by negatively impacting your business.
Remember, selecting the right office space in Andheri is crucial to your business. Just don’t focus on your present needs of the business but consider what your company will need in the future to expand to be successful. You should definitely not spend more than you can afford. In short, before biting more than you can chew, ask yourself the following questions.
1) Do You Really Need One?
The first and the most important question you should ask yourself is whether you really need an office space in Andheri in the first place? If yours is an online startup without any employee then it makes no sense in investing in office space. You can work from home in this case rather than taking out an additional loan or lease. When you are starting up saving your unnecessary expenses can save you from debt. So, before making any final decision, analyze your business needs, and think would this office space help or hurt your venture?
2) Is It Fits Well With Your Budget?
When choosing your office space ensure that you can afford it even after a year and hiring new employees or when it is inventory shrinkage. Before settling down you must consider utilities, furniture, insurance, and upgrades that will come with your brand-new office space. Understand well, what is included, and what is excluded. It will help you in saving lots of extra bucks.
3) Are You Going To Be Here Forever?
Before taking any final decision, ask yourself – are you going to be here forever? If an answer to this question is NO, you must opt for simplicity. You can even cut back on needless features and devote your budget to grow your business.
4) How Is The Location?
Location is one of the most vital factors that you should never overlook while selecting your office space. We hope that by this point you have analyzed your target audience market. So, before signing your purchase agreement, make sure that your target consumers are near the location. Ensure that the office space you are planning to buy has enough parking space, neighborhood safety, and amenities. Analyze what is around and who is around (competitors). Think about whether your business location can accommodate your business and its goals. Remember, the area that works for someone else might not work for you. So, do proper research and then only invest.
5) Does This Office Space Match My Brand?
If you run an online-only store, the office space is not important for you. However, if you are not running it, then think about how the office space will represent your business. Ensure that the office space that you choose represents your business well and positively contributes to your brand by supporting your current and future growth plans.
Concluding Remarks
The above-mentioned questions are important to take into consideration as an investor. Share your experience with us in a comment section below while you were out there in the market purchasing your first office space in Andheri
If you are searching for the right commercial office space in Andheri East that does not have excessive overhead and situated in an area that is easily accessible for you, your consumer, and employees then get in touch with Chandak Group - www.chandakgroup.com.
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