Entrepreneurs Brief Guide
“How to Search For Your Business Premises”
Dr Jim Porter
Identifying and selecting suitable premises for your business is a key decision when starting up a new business. Your premises should help you run your business with minimum cost and should not hinder your freedom to move elsewhere should need arise in the future.
In 30 minutes, learn how to:
Identify what sort of premises you want
Draft a property requirement specification
Search for a suitable property
Decide on a contract arrangement
Copyright
How to Search For Your Business Premises
Dr Jim Porter
Revision: SW1.008.001
Copyright © 2011 – All Rights Reserved.
Smashwords Edition
This ebook is licensed for your personal enjoyment only. This ebook may not be re-sold or given away to other people. If you would like to share this book with another person, please purchase an additional copy for each recipient. If you’re reading this book and did not purchase it, or it was not purchased for your use only, then please purchase your own copy.
Thank you for respecting the hard work of this author.
No part of this publication may be reproduced, stored in a retrieval system, or transmitted in any form or by any means without the written permission of the author.
ISBN:
978-1-4657-5981-8
Publisher:
Smashwords, Inc.
For any start- up, the task of selecting business premises can come across aver challenging; especially if you have minimal resources for your disposal. You have to make the right decision and adapt a well-planned approach.
Identifying and selecting suitable premises for your business is a key decision when starting up a new business. Your premises should help you run your business with minimum cost and should not hinder your freedom to move elsewhere should need arise in the future.
There are a number of options that suit different types of business. For example, starting up your business from home is a viable option if your requirements are limited to a small office. Other options would be to either rent premises or buy your own property.
This article will help you to identify your business requirements, explain how to search for suitable premises and how to select the optimum location for your start up business. It will also enable you to decide which of renting, buying or working from home is most suitable for your business.
How to draw your business requirements
You can establish what sort of premises you require by writing down a list of what you need from your premises. The following is a brief list of things to consider:
Location and proximity to vital services
Size and plan of the premises
Internal and external structure and appearance
Special structural requirements, such as high ceilings
Access and parking space for customers and deliveries
Flexibility options to change or add utilities, e.g. a three-phase electricity power supply
Facilities for employees and visitors, including toilets and kitchen
Permission, including planning permission, to use the premises for your type of business
Future expansion potential to meet your long-term needs
Of course, your choice of premises will also depend on affordability and how much you are willing to spend, taking into consideration any costs you may incur in the process of acquiring and setting up the premises:
Purchasing costs, including solicitors’ fees professional fees for surveyors, etc.
Costs of likely alterations, fitting out and decoration
Alteration costs to comply with building, health and safety regulations and fire regulations
Rent fees, service and utility charges (gas, water, electricity)
Business rates, building and contents insurance