Finally the darkest days of the recession are behind us and some customers are loosening up their wallets a little. With this said, it is clear purchasing habits have changed after recent events. People are undoubtedly more careful with their cash than they once were, for understandable reasons.
So, are people now less likely to start their own business in today’s climate? There are a number of things that you have to think about when you’re starting up, and if you want to be successful, you need to have a plan. One of the most important factors in ensuring the success of your company is real estate…
Okay, so everyone tells you to make sure your business’s property is in the perfect location – but that’s obvious! Yes, if your retailer, find a spot on a busy high street for your shop, and if somewhere with good transport links if you’re a distributor – it’s not rocket science. If people can’t access your business easily, they won’t bother, so yes the location is very important…
But location is not everything.
People can often actually fail to mention that you need to think about more than just the location. There are a number of factors that come into play when you’re selecting commercial space. Offices for example, will need to be ideally in a city center that people want to work in, but the building also needs to be a building that people want to sit in all day!
If you want to retain the best staff in your sector, you need to make sure the facilities at your workplace match or beat those of your competitors. Think of everything – this included aircon, shower facilities, comfort factors etc. It’s not an issue everyone always thinks about, but it could be the difference between success or failure after a couple of years.
You also need to ensure that you see a reputable conveyancing solicitor to ensure that everything to do with the property is done to the letter of the law. Cutting corners at this stage simple isn’t worth it.
Good facilities are solely important for your staff either -your clients and customers will judge you based on the facilities you are based in. Spending more on good real estate now will potentially save you in the future