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When you run a business that can be fully conducted online or in a virtual setting, it’s a huge benefit in terms of no commute and you save yourself a lot of money from renting a premises, and on other overheads that may not be there if you had an actual office.
However, in some cases it can be time to move up to a physical office for the sake of your company growth, but only you can decide when the time is right, so in this article we’re going to cover some of the ways that you can decide if it’s now time to move your virtual office in to the real world or if you should stay where you are for a bit longer.
If you regularly meet with clients, or have larger meetings where everyone is in the same time zone, then it can make sense to actually move everyone into an office for convenience purposes. It also helps to increase your credibility when actually working with clients and inviting them into your office to see how your company is run and operates.
Another reason may be that you have local staff instead of staff all over the world, and even if you do have staff in different countries, you can certainly still move it into a local office, but having an office for your staff to come into each day can be a great way to boost productivity amongst your team and keep everyone up to date on any changes as they happen without having to communicate via email or project management systems.
Of course moving into a physical office will it cost quite a bit of money, but if you feel like your business is at a stage where it’s growing and you’re ready to scale, and you can also justify the additional monthly investment into renting or buying a premises, then you should absolutely look at that as an investment in your business and go ahead if you know that it won’t cause you any financial problems.
You do have to take into consideration things such as any reservation works that may be required within the premises that you’re moving into, so if you want to move into a newer building maybe that would be the best choice if you don’t have the time or means to carry out renovations to make your office look good, but if you’re looking for something a bit cheaper that you do want to renovate, then you have to look into things, such as plumbing and electrics or anything else that may need to be done, so that you can reach out to contractors and companies, such as calibration gas specialists who can help you get quotes and figures to know exactly how much renovating your new place will cost you.
The decision to move into a business premises is not one that should be taken lightly, so don’t rush into it, but take your time and look around to ensure that this is the best decision for your business right now at this stage. You may find that you don’t need a premises as big as what you had initially thought, or you may want to actually just wait a while and then move into something bigger later down the line once you feel it’s the right time to do so.
