Forums: Discussions for entrepreneurs and small business.

Hi All,
So a few years ago, my friends and I started up an online business, and, for the most part, it has been moderately successful. Although right now, it is just the three of us working from out of my home; we have begun the process of taking on more employees and are now seeking to expand our operation. In the next few months, we should have around 8-10 employees working for us, and since we obviously will not be able to accommodate them in my home, we also have begun to search for new office space. So my question to you guys: Would we be better off Renting or Buying office space? We are located in the Greater Philadelphia area, and after a little searching, I came across this video (thought it was kind of cute) for American Executive Centers (http://www.youtube.com/watch?v=VQnqe3yHqHE) has anyone ever heard of them/know if they would be a good fit for my business? Thanks for the help everybody.

-------------------------

Well, its pretty clear that if this is the first time ever you are setting up business then renting out office space is the best option. Not only that, if you are running low on finance then also renting is the best option of buying.

-------------------------

Rent Serviced Offices Maryland

The decision to buy or to rent an office work space may at times be really tough. However, from my personal experience, renting an office space can give you access to a prime spot without the extra expenses.

-------------------------

Serviced Office Space Ohio

I would like to add that the third option which is very popular these days among business owners is virtual office service. It is a kind of service which lets you to set up your office virtually without paying any kind of rents or paying the price for buying propety.

-------------------------

Virtual Offices Florida

If you alone are working in your business or are working with family members then its best to have a virtual office space set up. And, if its a small or medium range enterprise then it would be best to rent an office space, as its not that easy to buy properties in this recessional economy.

-------------------------

Executive Suites Allentown

Hi Goldburger 

I think it would be better if you will rent office rather than buying a properties. Since your just starting your business it is not advisable to spend a lot of money. You should secure your financial stability first.                                     

-------------------------

As your business is expanding, it will be a better idea to rent an office than buy a property. You should test the waters and decide if the place in which your office is situated is ideal for you, your business and employees. If you are selling a high-end item, locating an office in a poor neighborhood may create a poor impression upon your customers if they wish to contact you in person. You should also look at how your neighbors and landlord treats you. And consider the well-being for your employees. Is public transportation readily available? Is there car parking? 

 

 

-------------------------