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Tag Archives: Lease

Understand The Process Involved in Moving a Business

Moving a company from one place to another, or choosing a prime location for your business start-up, can be full of surprises. There is so much to consider; from the setting of the office premises to ensuring that all surveys have been carried out. It can be an especially stressful time because there is so much to do.

This is where choosing a reputable company with experience in office properties and the moving process comes in. Many businesses would rather leave the management of moving their office premises to the experts, so they can get on with their day job.

Searching for the right office in the perfect location can help a business to improve its overall productivity. In addition, it gives off the right impression to clients and helps to retain the members of staff who like to work in a pleasant environment. Customers or visitors need to have the right perception about a business in order to feel comfortable working with them. No business wants to be stuck in the wrong sort of office space that gives off negative connotations to their potential clients.

London is overflowing with business space and deciding on the right spot to open a business can be timely and overwhelming. The capital offers a variety of locations for you to choose from. By enlisting the help of experts in this field, you can ease the pressure on yourself when looking at a new office space. Looking for an office that fits your particular business needs is one of the first things to consider.

On the Move – What to Consider 

Looking for an office space involves several stages. Here are some of the aspects you must take into consideration. Firstly, consider your location. The size of your business and the budget for new premises will have a direct impact on where you want or can afford to set up. Whatever your budget, you must ensure that the location suits your business needs.

The location of an office is crucial. The surrounding area needs to feel right, as well as the building itself. This is especially true if clients often visit your office. Having them drive through an unpleasant or dark and dingy area before turning up at your office, could give them the wrong impression. Similarly, employees are more productive if they are happy and inspired in their office surroundings, so location is key.

What Type and Size of Office?

Perhaps you represent a new business venture and need somewhere moderate and affordable as your first office space? Maybe your business is growing and you want to take on more staff and so need to expand? Planning the exact space you want and the size of that space is important because you do not want to be left with vast empty space that is not being utilised, or discover that you do not have enough space if your business suddenly expands in the future. The latter option could provide an additional rent. When considering how much space is needed, it is advisable to consider any future expansion plans because it is likely that you will remain in your new premises for several years.

Understanding Different Types of Tenure

There are a variety of options available in terms of moving into new office premises. Buying a business space is a long-term investment, leasing an office can last several years and other premises may include a rental agreement on a more temporary basis. How long a business will remain in the same office space will obviously depend on the choice of lease or rental agreement. Making the right decision for your company at the outset should keep you free from problems in the future. All manner of buildings can be bought or leased; from large open plan offices to small workshops.

Going Green in the Workplace

Green issues and sustainability are fast becoming increasingly important considerations for any business on the move. People recognise the importance of energy efficiency and working in a sustainable environment can inspire the workforce and be cost-efficient. Making sure your new business space is focused on green issues will save you money from the outset. Factors to consider include the energy efficiency of the building, how much natural light there is, the sustainability of the air conditioning and whether the building is affected by external noise.

Searching for Office Space Noho has much to offer in terms of great ready-to-go business premises that will help you run a successful company with happy clients and motivated employees.

 

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Should I Lease or Buy a New Office Copier? How to Choose.

You’re ready for a new office copier. Perhaps you’ve given some thought to the features and options you need. Maybe you’ve even settled on a particular model. Now it’s time to decide: lease or buy?

Leasing vs. Buying

Leasing a piece of office equipment is similar to leasing a car. Essentially, you’re renting the machine for a period of years – usually three to five. If the copier breaks during that time, the leasing company picks up the tab for repairs. When the lease term expires, you can return the copier, exchange it for a new one or purchase it outright.

Buying a copy machine is, well, pretty self explanatory. You purchase the machine outright for a lump sum. Once the warranty expires, you’re on the hook for any repairs that need to be made. The machine is yours to keep for as long as it functions properly and meets your needs.

Leasing Pros and Cons

Leasing requires little or no money upfront, so it’s a great option for companies that are short on cash or those that need to conserve capital for other expenses. Many times, leasing allows companies to purchase a higher-end model than they would have been able to afford otherwise.

Leasing also means that you’re never stuck with out-of-date equipment. Technology changes rapidly; a copier that is state-of-the-art today might be obsolete in five years. With a lease, you can upgrade to the latest and greatest technology every few years.

The greatest downside to leasing is that you’ll end up paying more for the machine in the long run, due to interest charges. If you have poor, even average credit, those interest charges could be high. And be warned that some leasing companies charge on a per-copy basis. Exceeding your monthly minimums could result in a shockingly high bill 

Buying Pros and Cons

Buying outright appeals to some companies simply because they have full control of the machine. You decide when to have it serviced and when to have it replaced. If the machine breaks down, you don’t have to follow the leasing company’s procedures or wait for their technician to show up. Simply call your repair company of choice.

As mentioned, buying is also significantly less expensive over the long term than leasing. The total cost savings varies based on the price of the copier, the length of the lease and your company’s credit history.

Again, by purchasing a copier, you assume the risk that it might be outdated within a couple years. In that case, you’ll either have to live with old technology or pay to replace it. Buying also requires a significant cash contribution upfront.

Written by Tammy Kelly who frequently writes about office copier options.

 

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