Of course this arrangement may not suit every business, particularly those employing office-based staff.
If you are planning to rent office space, make sure that you shop around for the best deal and avoid if you can having to agree to a lengthy lease period. Although you may find you get a better rent figure if you agree to a longer let, you might find that after a year the property is no longer suitable for your business and the costs terminating the lease may be so great as to make it impossible.
Tips:
Consider having a home office and a workshop/storage unit elsewhere
Just like I’ve done with my businesses you may find that you’re better off sourcing some form of cheap storage/workshop area where you can keep stock, machinery etc, and then base your office at home.
Again make sure you work to a budget. Estate agents are paid commission on rent and in my experience will always be pushing towards that ‘ideal property’, which costs just little bit more than the one you’re looking at. Before you know it you’ve taken on a monthly rent commitment the size of the national debt.
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