Office space is one of the biggest expenses that most companies have to face. Renting the physical space as well as paying business rates and taxes, bills, and so on – it’s a lot to deal with. So how do you keep those overheads down? These five tips will have you saving more than you think.
1. Move out of the city
Office space is always more expensive when you are in a city centre, especially when it’s a big city. In fact, even in smaller towns you can pay a premium rate for the benefit of being on the high street – which may not even suit your business needs. In almost all circumstances, it’s better to go for an office which is out of the city and somewhere on the outskirts instead. Of course, you must make sure your office is still easily accessible.
2. Go for a managed office
A managed office is a lot less hassle for you in terms of maintenance. Usually, the building and the grounds will be maintained by the management team, and you may even have a deal where your bills are rolled into your rental contract. This means that you will pay less overall whilst still getting great service and a space that looks great for any visitors.
3. Find a flexible space
Going for an office which is too big could cripple you in terms of the outgoing rent, but getting an office which is exactly the right size will stifle your growth. Go for a space which has more flexibility attached, allowing you to expand and upgrade your contract whenever you are ready to. A managed building is perfect for this as there are often larger spaces or add-ons available.
4. Go eco-friendly
The great thing about eco-friendly materials and appliances is that they can also save your bills. Use light bulbs which require less energy and think about ways in which you can be more efficient throughout the rest of the office. Having a no-print policy except in essential situations can save you a lot of money on paper, toner, and printer maintenance, for example – whilst also saving the trees.
5. Encourage flexible working
Can any of your team work from home? If so, then why don’t they? Having certain people working on a remote basis, or only coming into the office on certain days and at certain times, can save you a lot of money. You won’t need as much desk space, and you’ll save on your electricity bills for sure. Plus, your employees will probably be happier with the arrangement!
Saving money on your office space is essential if you want to improve your company’s bottom line. Make sure that you aren’t paying too much for no good reason – it’s so easy to save cash in a number of different areas, so there’s no excuse! These tips should help you cut back a huge amount for a start.