Choosing a Mumbai entrepreneurial decision
office
space:
An
important
As an entrepreneur, you are required to make a series of important decisions. And one such important decision is to select the right office space so that you can conduct your business operations smoothly. A combination of factors like security, budget and location etc will come in to play when you are looking to take a commercial space on rent. The options offered to you are endless. You can either opt for traditional brick and mortar spaces on long lease terms and work on the infrastructural framework on your own or else you can opt for managed or serviced offices which come with the all the facilities like office desks, chairs, meeting rooms, conference rooms and even administrative staff including receptionist, dispatch services etc. Now, the crucial factors which will govern your selection of the mumbai office space are listed below: Location Budget Safety Location It is very important for you to select a place which is easily accessible via road. You might be able to find cheaper places on rent in remote areas. However, that will turn out to be bad investment in the long run. Read on to know how: It will be difficult for your clients to visit your offices (it should be remembered that even in the age of internet, we have people who are
more comfortable in doing business with organizations having a physical address) and in that case they will mostly prefer to give you a miss and opt for the more easily accessible firms It will be difficult for your employees to reach office on time. This will prove to be a bane in multiple ways. You stand the chance of losing out on valuable employees just because they would like to switch to companies offering them easily reachable work places. Even if you manage to retain them, most of their energy will be drained out while traveling only. You would rather want them to save up energy while traveling and channelize it to doing something productive at the work place. Budget You can find virtual office space at fairly reasonable rates and lease terms. You do not have to necessarily stick to a long lease term. You can secure competitive rates by getting quotes from several property owners or for that matter from those who offer managed office spaces on rent. Your budget is definitely a crucial factor in determining your choice because as a start-up owner you might not be in a position to spell out a fortune for an office space. However, make sure that this factor (i.e. budget) does not take precedence over the first one (i.e. location) Safety The security provisions of the building (where your office is located) and the overall safety at the particular location should be considered.
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