5 Signs for Small Business Owners that It’s Time to Rent an Office

As a small business owner, the decision to relocate to a rented office space can feel immense, with the potential risk to business a lingering concern. Whilst taking the leap is a decision that shouldn’t be taken lightly, research shows that doing so may be considerably more beneficial for your business in the long run. From faster VPN connections to an increase in contact with colleagues, office-based workers were shown to be 50% more productive than work-from-home employees.

Discover our top 5 reasons why now is the time to grow your business and rent an office space.

Top signs for small business owners to look out for

1. Your team has expanded

Expanding your team is always an exciting prospect, but home-working can mar this excitement with the knowledge that there is not enough room to work collaboratively together onsite.

Face to face communication is essential for long-term business success, with the average in-person meeting generating 13.36 ideas, whilst a virtual meeting generates just 10.43. Face to face meetings are also popular due to having fewer distractions. I am sure that we can all admit to scrolling through social media during the workday when we probably shouldn’t have, but working with employees onsite will help to minimise these distractions and encourage a more focused, engaging discussion.

Renting a small office for your business to grow will allow you to expand your opportunities without being hindered by a lack of team collaboration and space.

2. Your home is not set up for business

With the development of video technology and an endless array of messaging platforms, it can be easily assumed that working remotely is the way forward. However, conducting client meetings from your home brings a new set of challenges.

Imagine prepping for an important client call, only to find that your WIFI has decided to stop working. Not only does this look unprofessional, but it also threatens potential business growth and important opportunities. No one’s internet connection is stable 100% of the time, and with electricity outages and employees varying connection speeds, high-speed internet is essential for small businesses to perform their best.

Home-working also demonstrates a lack of meeting rooms. Having a suitable space to conduct business meetings is important for several reasons, from privacy and professionality to an environment without noise and distractions. Tanshire Business Park’s Grade-A office spaces can help to eliminate these challenges and provide top-quality facilities for all residents.

3. You have no work-life balance

During the pandemic, companies across the country were forced to close their office doors and continue working life from the comforts of their home. At face-value, this seemed like a win-win opportunity, but statistics show that home working can have a negative impact on both physical and mental health.

A recent survey discovered that 56% of participants found it harder to switch off. Working and sleeping within the same four walls can blur the line between work and home life, which can be detrimental to family life and mental health. Renting an office space is an opportunity to free yourself from unhealthy patterns, and achieve a healthy balance between professional and personal boundaries.

4. You have plans for future growth

If you are a small business, with plans for future growth, it may feel too early to relocate to a business park based office. But, in fact, now is the perfect time to make those preparations. Your office is an expression of your company values, financial health and beyond. To attract a high-quality workforce, having an office space which physically reflects your ethos and philosophy is crucial.

As a one-man band or small business, renting a small office space can be a scary prospect and it is important to get it right due to the large financial outlay. Read our guide on how to choose the right office space for your small business and remove the stress of finding the appropriate office solution for your business.

5. You are in the right financial position

Undoubtedly, renting an office space is a big outlay financially, but doing so may be what it takes to push your company towards further financial gains. Whilst it may take time to build the business enough to make such a financial commitment, the gains could outweigh the costs, and are important considerations when thinking about the future.

Having the room to expand your workforce, coupled with increased productivity levels, are factors that are likely to push your business towards further success, and make taking the leap well worthwhile. Additionally, having your small business located within a business park will help to get your company name out there, and increase your exposure – allowing for further opportunities.

Renting your first office is a calculated business risk, but this may be what you need to take your business to the next level. 

Office space to rent for small businesses

Within the heart of the beautiful Surrey countryside, Tanshire Business Park has exciting opportunities for your small business to rent office space. Explore the ample range of Grade-A office spaces available to rent and discover the current availability. Contact Jonathan to arrange a viewing by calling 07481 397151 or emailing jonathan@tanshiremanagement.co.uk