Moving From Home Office To A Small Office Space
When you have enough money to invest, you should move outside the boundaries of your house and expand your workspace from just a single room to a dedicated office with some shared facilities. Some of these major resources including a good WIFI connection, receptionist service and meeting room. There are small office spaces for rent in Singapore from where you can begin your safe investment.
Small offices for rent in Singapore are usually rented for around $400-$1,500 per month for an area of 100 sqft-200 sqft suggesting that you are really not getting a very spacious office but just a dedicated space with enough resources to get your work going and expanding comparative to what you previously had in a home based environment.
What these office owners take care about is that the tenants have enough resources already available at the time of rental. Hence, they make sure to have check-marked what’s listed below;
- High speed WIFI connection
- Ready Telephone points
- Surveillance system and door access system
- Air conditioners
- Good furniture including executive tables and chairs at least
Why spend up to $1,500 on a place which is not even spacious?
It really isn’t just about the space. It’s about the environment which builds up when you know you are working in the office. There is a 9-5 routine job where all your co-workers are tagging along with you during the same hours, sharing the same kind of road traffic stories every day,
interacting even more smoothly because you are right in front of each other, and helping each other achieve goals. Even if it’s a small space of up to 150 sft, it still is a dedicated space only for commercial purposes.
You don’t get to see your bed after every few minutes, there is no mom shouting for milk and eggs, there is no daddy for helping him pay the bills in bank. It’s just you and your team focusing on one thing, your business, your thing!
What’s the best time to switch to a small office?
The answer is not that hard.
a. Create a financial model for the whole year.
b. Write every possible expense for that year.
c. Look what you are getting back.
d. Is the cost being covered? What’s the profit margin? Evaluate these answers.
e. If evaluation is positive, start looking for a place.
f. Calculate all the costs associated with renting the office space including the add-on expenses.
g. Relate it with the financial model of the previous model. What do you see? The answer will be in front of you.
h. If your business returns outweigh what you ae investing, you are good to go.
Ready to move out of your home office to a small rental office in Singapore? Start your small office search today
