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Revision:Choosing An Office

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TSR Wiki > Study Help > Subjects and Revision > Revision Notes > Business Studies > Choosing An Office


Contents

A place of your own

Finding the right office premises will help you improve productivity, attract and retain good employees, and give a positive impression of the business to your customers. This briefing takes you through the various stages of looking for an office. It covers:

  • Choosing a location.
  • deciding on the size and type of office.
  • Understanding different types of tenure.
  • The search process and its costs.


The right location

  • Look for a location that fits your business needs.
    • Should you be near your customers and Potential customers? - Some businesses can operate successfully at long distance, using modern technology. Others know that proximity to their customers is vital.
    • Should you be near to other similar businesses? - In some sectors, such as estate agency, businesses benefit from being near to each other, as customers like to shop around.
    • Should you be close to your suppliers? - For example, if you subcontract work that needs close monitoring.
  • Decide how accessible you need to be.
    • Should you provide parking for your customers and employees?
    • Should you be near the motorway or a railway station, or an airport? - For example, if your sales team needs travel extensively. Consider the trade-offs between location and cost.
    • Lower prices in an area with a lot vacant property could mean the bad for business.


Size and type of premises

Work out the requirements for your business.Decide on your total space requirement.


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