Different types of businesses usually have different types of offices. Ultimately, it depends on what your business is about, as well as to make sure that you get the best value for the money.
Even though setting up an office is a crucial investment for your business, there are many different types of offices specially designed for startups. Here are the five most common office types used by start-ups:
1 – Home Office
In case you’re just starting out your startup, you probably already thought about the idea of having a home office. After all, this is not only the easiest thing to do as it is also the cheapest way to start and operate your business.
Even though you may not have a lot of space, as well as you may be distracted with your roommates or your kids in case you already have them, this is one of the most practical ways to start working on your business. Plus, you can even register your physical office in your home address.
2 – Virtual Office
When you want to make sure that you have an office but you surely don’t want to keep being there physically every single day, the best option that you have is getting a virtual office.
When you want your business to be registered in a special and known district and you don’t want to have a lot of costs and expenses, this is definitely one of the best options that you have.
Besides these advantages, it is also a good way that you have that allows you to work in a flexible way plus you can operate internationally.
3 – Co-working spaces
Co-working spaces are gaining more and more popularity nowadays. A co-working space is just like you are working at the coffee shop where you can enjoy a cup of coffee, you can lounge much longer, you can work day or night, and you have a good environment.
This is called a co-working because most of the times you will be sharing your workspace with business owners and their workers, as well as with other startups with different backgrounds and companies.
One of the main advantages of this type of business tends to be the flexibility that you have because you can work anytime you want, day or night. Plus, this is one of the best places that you have to meet new people, business owners included, and learn more about their expertise and experience.
These kind of offices are usually very comfortable and beautiful.
4 – Rental offices
In case you decide that you really need to have your own physical office and that it can’t be at your home, one of the best options that you have is to rent a large space or unit where you can work, produce or operate your products and services.
Rental offices rents are usually on a monthly basis, and depending on the location and size, they can be more or less expensive compared with other types of offices.
5 – Leased offices
While with rental offices you will need to pay the rent to the landlord on a monthly basis, when you decide to go for a leased office, you will have a fixed term that is usually 6 months, 1 year or 5 years long, with the company who owns the unit or building or with the landlord.
When you compare both kinds of offices, you will notice that the leased offices will tend to be more binding and fixed.