Finding offices for your start-up is one of the biggest challenges entrepreneurs face, especially when they are just starting out. It should also be noted that this particular type of business may have to move quite regularly. The most talented start-ups see the possibility of raising substantial funds when they have succeeded in convincing investors, which implies mass recruitment. Hence the need to invest offices that are adapted to the new size of the company.
Choosing an office is critical to any business, and price isn’t the only thing that matters.
Two other criteria will partly condition the success of your start-up. Size, first of all. Be careful not to take up too small a space, on the pretext that its rental price is attractive. Because a move is expensive, it is better to anticipate possible growth and thus have a workspace that leaves you a little room in case the company grows. In contrast, renting offices that are disproportionate to your needs will result in unnecessary expenses. Then, the Greece Email List district in which you will choose your future location must have at least two essential qualities: accessibility and attractiveness.
Indeed, your employees will certainly appreciate the proximity to a train, bus or metro station, and reasonable transport time. The fact that the area is attractive is also an asset. Having a few small restaurants, cafes and shops in the street is a real plus for employee motivation.
The Inadequacy of The Traditional Commercial Lease
The commercial lease, which is often called “lease 3,6, 9” and which is the usual type of lease for an office rental, seems unsuited to the context in which start-ups operate. Because at least three years seems a long time for this type of business with an uncertain future. And then you have to have a solid backing to sign such a lease, sufficient cash flow, guarantees, not to mention the agency fees and the move-in work. In addition, these traditional office rentals often do not “push the walls” in the event of sudden business growth. Thus, it is not uncommon to observe young shoots that grow from 50 square meters to over 100 square meters in a year, which represents a phenomenal change.
That being said, growing start-ups backed by solid investors may well take this type of lease and sublet the space they don’t use.
The First Steps at Home?
The first idea that comes to mind when you talk about a start-up that is just starting out and includes at most a few people, is to work from home. The “home office”, as we say on the other side of the Atlantic, turns out to be the cheapest solution when starting a start-up. No additional rent to pay, no transport costs or loss of time related to the journey and all the comforts of a house or an apartment: the home office has a good way to start the adventure. However, this situation cannot go on indefinitely for reasons of promiscuity, gender mix and lack of space, when for example the company begins to hire additional employees. In addition,
Incubators and incubators, the best solution to take the first steps?
Certainly, incubators, incubators and other nurseries are much more than offices and it would be misleading to reduce them to workspaces. But they represent effective and economical solutions for young entrepreneurs who are struggling to set up their start-up. Company incubators are there to test your project over a period of one year and assist you in many areas. Incubators, on the other hand, often depend on public bodies or those linked to grandes écoles. They are closely interested in projects related to digital activity and offer an ideal environment to create a start-up. However, these types of structures are not necessarily of interest to all entrepreneurs, especially those who know where they are going and who are only interested in finding premises.
It’s an office model that has really established itself for a decade. Working side by side with employees of another company seemed unlikely a few years ago, but it is clear that this innovative solution is attracting an ever-growing audience of young entrepreneurs. Coworking spaces are impeccable for small teams for whom the environment and the professional environment are an important criterion. Indeed, these workplaces stand out for their comfort, their decoration and the different kinds of services they offer: cafe, gym, game room, etc. However, this type of “office” is limited for a staff of more than 2 or 3 people and seems rather reserved for self-employed entrepreneurs working solo and freelancers.
Subletting, a Flexible Solution
Companies that rent one or more floors in a building rarely use 100% of the space dedicated to them, especially in large cities and especially in Île-de-France. A smart solution that satisfies both these companies and, say, a young and modest start-up is to sublet some of the office space that is not occupied. In the real estate industry, this is called “office sharing”. The main advantage of this option is the convenience and speed of moving in, as new entrepreneurs have premises ready for use. It is the same thing if you leave the place, where you will only have to store a few documents of light equipment, such as computer, printer, etc.