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Negotiating Small Business Office Space

Jun 22, 2008
Small business office space is often an essential requirements for the business requiring growth or full time staff. Moving from working at home, or even going straight into small business office space requires preparation and planning, as well as a good deal of negotiation to make sure the deal makes sense for you and your small business. Amongst some of the factors you really should consider are the length of lease offered, and the amount of space you'll require to house your operation, as well as consideration of the bigger picture - do you actually need office space at all? From there, you will be required to negotiate the terms to ensure you get the best deal possible for your small business.

The first relevant factor to consider when negotiating small business office space is exactly how much space you'll need. Many small business office space providers price according to the number of people you're looking to accommodate, leaving only speculation as to the total area. A more cost effective way of going about it is to ask for a certain space that will be suitable to accommodate all of your staff. Even if things are slightly cramped to begin with, at least you can save money on your rent which could be better spent in other areas of your small business. The best way to judge is to ask to inspect the office space before you begin negotiations to determine whether or not it will be suitable to your needs, and regardless of the billed number of desks within the room, you should ensure you are happy with the overall size and are able to meet all your small business requirements.

Another key term to watch out for when negotiating small business office space is the length of the lease proposed. Generally, office space comes with some minimum tie in period, although this is completely variable depending on the nature of the landlord. There are some that are completely flexible, although more often that not there is a requirement to sign up for around 6 months or a year, or perhaps even longer. As a small business owner, you don't want to be tied down to small business office space any longer than you have to, particularly considering if your business goes under you could still be liable for the remaining lease amount. Check what minimum terms they ask for before beginning the negotiating process.

Negotiating small business office space isn't really an art form, but there are some fundamentals you should try to get to grips with if you're really eager to find the perfect office space for your small business. Don't play your cards to early, and don't be afraid to ask for a discount or some reduction in the terms offered. You'd be surprised just how flexible some companies can be when faced with losing a potential customer, and your small business is important to them, so you might like to chance your luck. Whatever happens, stick to your guns, and make sure you do what's right for you and your small business.
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