Office Space Leasing question

9 replies
Good evening,
I have recently decided to use rented office space mainly for the eBay selling courses I teach but I am looking to extend my offline services to social media marketing and training. I've found it more cost effective for group courses than renting conference rooms at hotels for seminars. I know that I sometime work better away from home as there are less distractions. I am hoping that this would help to give me a more professional appearance.
Have any of you ever experimented with or used lease office space or virtual office space to secure additional offline clients?
#leasing #office #offline clients #question #space
  • Profile picture of the author Bruce NewMedia
    Good Question! when I first started in early 90's I leased what was called at the time, a shared office suite or mini-suite.

    It was about $500 a month at the time. Small office with desk and 2 chairs, very nice. Lease entitled me to so many hours a month of conference room use, and other office services.

    Help from staff onsite and things like that. I did it for purposes of image. As it turned out, I realized after the first year it was not for me. Hardly ever met clients there, and so I dropped it. However, teaching classes there, as you envision, might make it well worth it and help to reinforce an image of being established, and credible. I've been in many of these type of facilities over the years, and they usually are very impressive.
    _____
    Bruce
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    • Profile picture of the author lootbags2010
      Originally Posted by brucerby View Post

      Good Question! when I first started in early 90's I leased what was called at the time, a shared office suite or mini-suite.

      It was about $500 a month at the time. Small office with desk and 2 chairs, very nice. Lease entitled me to so many hours a month of conference room use, and other office services.

      Help from staff onsite and things like that. I did it for purposes of image. As it turned out, I realized after the first year it was not for me. Hardly ever met clients there, and so I dropped it. However, teaching classes there, as you envision, might make it well worth it and help to reinforce an image of being established, and credible. I've been in many of these type of facilities over the years, and they usually are very impressive.
      _____
      Bruce
      that sounds cool and yes i have a 6 month agreement so I'll play it by ear. thanks for the heads up.
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  • Profile picture of the author Dr Dan
    I had my office for a little over a year which was nice, but I only went there about 2-3 days out of the week. I love to work from home. But its a little tough with 3 kids running around in the background.

    Here is what I did, I went to a few local business people I knew that had offices and offered up a trade. I would give them a little consulting time with me every month and I would then get the office space free and even get to use all the printers, scanners, paper, etc.

    I just moved out of my office last week since they closed shop due to the owner wanting to do something else after 20 years in the same business.

    I am about to look for another similar deal. Cant beat free!
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  • Profile picture of the author thehypnoguy
    That sounds like a good option. If you actually got your own space you have to factor in all the real costs that you never really think about until after you are there. Virtual office space you at least know what the nut will be to crack.

    Martin
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    • Profile picture of the author lootbags2010
      Originally Posted by thehypnoguy View Post

      That sounds like a good option. If you actually got your own space you have to factor in all the real costs that you never really think about until after you are there. Virtual office space you at least know what the nut will be to crack.

      Martin
      I think you're right about watching my costs. I chose a shared space option so that everything is one fixed price and the only time cost rise would be if I booked conference rooms more frequently than expected
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  • Profile picture of the author Timaay
    I wouldn't recommend going this route to 'secure offline clients' as it's really an operational thing, not a sales thing...

    if your business is more than just a website and can justify the expense... literally the very first thing i would do is get OUT of the house and into a professional office space. It is a HUGE step towards building a real business. NO matter how much you may think you like working from home, etc... its not conducive to business, specifically the collaboration necessary between web professionals.

    Years ago i read a book by the founder of Tripod.. Bo Peabody... he said, "Lucky things happen to entrepreneurs who start fundamentally innovative, morally compelling, and philosophically positive companies."

    That's really hard to do in your house.

    So when your vision gets to a point where you think you've got critical mass -on some level- you need to get out of your house and get some 'smart' people to help you..... It's the only way to build on what you have.

    Get something (office space) FUN that is close to where you live... but not in your house. You will always have a sort of office presence in your house, there is no escaping that... but if you have the main hub somewhere else several things will start to happen:

    1. Other people will "all of a sudden" show up and become apart of your business (if your mission is compelling; smart people love a good reason to do things...)

    2. You will be much clearer at work

    I think both points are self explanatory...

    I remember at one of Yanik's first Underground seminars i was chatting with Mike Filsaime about this very topic and that was the very first piece of advice he gave me... and he was SPOT ON. It's tough to grow a real business in your house.

    Think about it...
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    • Profile picture of the author Stephen B
      I to have recently aquired offices because we run workshops and you're right, hiring hotel rooms are expensive in the long term.

      One thing I hadn't thought of at the time was hiring the room out to other people running courses!

      Once people in my networking groups heard I had my own offices they started approaching me to see if the room was available for rent as they too didn't want to pay hotel prices.

      You will be surprised how quickly you can fill the room each day and it helps you stay focused on your own stuff as you have to pre-book your own office in advance!
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      • Profile picture of the author lootbags2010
        Originally Posted by Fawkes21 View Post

        One thing I hadn't thought of at the time was hiring the room out to other people running courses!

        You will be surprised how quickly you can fill the room each day and it helps you stay focused on your own stuff as you have to pre-book your own office in advance!
        I think you're right about being able to stay focused. I noticed I seemed to work better a coffee shops and places like that since I can't just go watch tv or take a nap like I can at home but those places tend to be noisy and it is easy to get distracted by other customers of the establishment.
        I'm glad you're in the UK that way I might be able borrow your idea about subleasing office space and not have to worry about competing with your company
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  • Profile picture of the author accessoffice
    Office space is crucial when establishing your new business. The pricing and costs to lease office space can range from hundreds of dollars to many tens of thousands of dollars, according to your needs and the location.
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