A high percentage of business owners start out working from home and running their business virtually because by doing so they can significantly reduce the cost of overheads and make it far cheaper to launch and build a successful business. However, as a business grows, often it can outgrow being run remotely, as you begin to require further support and assistance, which is when you might start considering investing in a commercial business premise.
While the fact that you’ve launched and built a business up from nothing and have now got to the stage where you need a commercia premise is extremely exciting, it’s important to understand that there’s a lot more to getting a dedicated business premise than meets the eye. Bearing that in mind, there are some vital things that you should know when it comes to going from being a virtual business owner to having your own business premise.
No more solo
Until now, you may have been able to get away with running your business solo but the fact is that once you move your business to a commercial premise this will no longer be the case. You can’t run a business single-handedly in this kind of environment, you need help, especially if you want to give your business the very best chance of success.
Even if you only take on a small team, such as a personal assistant and a couple of team members to help you with the day-to-day running of your business, it’s a start. If you are going to make the most of your new business premise, you need to utilise them by having extra help on hand to boost the speed at which your business grows.
Cleanliness and maintenance is key
Whether you will have other business owners visiting your business premise for meetings or you will have customers coming to see you in your office, it’s crucial that you create the right image. That’s why your business premise needs to be clean and properly maintained. If you can’t manage your commercial property maintenance yourself, it could be worthwhile outsourcing the task to a specialist company, to ensure that it’s properly taken care of.
First impressions matter, which is why you need to ensure that when people visit your business premises, that they like what they see. Whether you’re attempting to find new team members to take on and are holding interviews, have a meeting with your investor, or have potential customers popping in, it’s essential that your place of work creates the right impression.
Money management is key
Yes, your business is doing well, which is how you’ve managed to afford a business premise of your own, but that doesn’t mean that you should stop taking money management seriously. If you want to give your business the very best chance of success, it’s vital that you take money management seriously and are smart about how you spend.
If you’re not sure how to manage your money yourself, there’s plenty of support available. There’s no shame in taking this support, it’s just a case of making sure that whatever you are doing will help to make managing your finances and staying on budget more doable.
Going from running a virtual business to having a business premise is a big change and one that will take a little adjustment. Hopefully, however, the tips above will help you to do that more seamlessly.