Small businesses are a cornerstone of American society. Whether or not they’re able to expand beyond a single site, they provide a great deal of stimulation to the economy. What small business spaces need more than anything, however, is space. Sometimes, it can be hard to find office space, especially with the commercial space market being what it is … but when small business owners are open to leasing space rather than buying.
Starting A Small Business: The Facts
According to a report by the Kauffman Foundation in 2009, the average startup cost was about $30,000. But don’t let that deter you from starting a small business, and don’t think it’s not possible for you. Though not all startup costs are tax … deductible, some are, the number usually totaling up to $5,000 in the first year of business. Nonetheless, one needs to consider costs carefully before starting up a small business in earnest! And one way to do that is by looking for commercial space for rent versus for sale.
Commercial Space For Rent: The Basics
Cheap office spaces for rent can take some time to find, but they’re not at all impossible to locate. With the average small business employing … according to the definition of the term given by the Small Business Association … less than 500 people, you don’t need to locate a particularly large commercial space for rent. It’s important to remember that this is a space employees will be commuting to, and depending on what your business is, the location could be crucial.
Professional Office Space Rentals Can Be Simpler Than You’d Think
If you’re looking to rent office space, the first thing to remember is that the lease can be quite flexible, whether it’s for one year or ten. Often, those leasing office space are willing to negotiate with potential renters. Small business owners may be able, in the future, build a relationship with those they rent from should they need more space in the future. Furthermore, some are able to negotiate rent … to … own deals, should they in the future want to own that specific space.
Office Space Leasing Gives You The Chance To Build Your Business
You see, that’s one thing to consider as a small business owner: the safety of renting rather than owning. The world of small business can be risky at times, and if your business ends up underperforming, the last thing you want is to be left with the responsibilities of owning the space left over. Renting office space … and commercial space in general … gives you the flexibility you need when you’re at an exciting but hectic time in your life. With any luck, you’ll end up with the small business you’ve always wanted and the space you need.