Business leaders with futuristic vision and Investment-savvy approaches are always astute to keep their spendings mindful. Especially, when it revolves around upgrading to a new office space waiting for the right time is rational. Needless to say, that upgrading to a new office space is an investment, at the same time pertinent when the time is right. There are certain costs that affect the long-term budget of a business, such as – high CAPEX which includes the overhead charges, AMCs and other statutory expenses, besides the OPEX cost which bite away the major chunk from the budget. However, despite the overheads, when your business expands, you reach a point where having an optimum office space or business centre becomes indispensable.
There are certain critical factors that discreetly demonstrate you to make an upgrade worthy:
1. When you are upsizing your team: If you are looking forward to expanding your team to a prime business location, it is always a good move to find the optimum office space before you go for that hiring spree. Once you start the hiring process, instead of conducting the recruitment process online or at hotel lobbies or coffee shops, it is way more inspiring to arrange it within office premises. In this way, candidates get to see the actual work premises and get motivated. Certain office spaces and business centres come with the option of hiring meeting rooms [on an hourly basis] or you can get your rental package as per your requirements with meeting and board rooms. Alternately, when you are shifting your team altogether, due to space issues in your current arrangement and you want instant plug-and-play office to minimize downtime; serviced office space is a perfect option.
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