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Friday, July 29, 2011

How to Choose Executive Suites Based on Your Specific Needs

When running a company, business owners have a lot of tough decisions to make. This includes choosing the best office space to meet all of their needs. A lot of thought must go into this decision because there are so many factors to consider. Here are some tips for choosing the best executive suites based on the needs of the company. Hopefully these suggestions take the guesswork out of this process so business owners can focus on what's most important – growth.

1.       Rent or buy? It’s important to carefully consider both options because making the wrong decision could be a costly mistake. First, business owners need to determine how long they plan on staying in a given space – could the location of the home office change? Executive suites that are large enough now might be too small later on down the road if the company is expected to grow. Buying office space could be a good investment, but only when business owners are positive the place fits all of their needs now as well as in the future. To be on the safe side, many prefer to rent.

2.       "Location, location, location." There is a reason why this is the mantra of every realtor in the United States.  In the world of real estate, location is everything – including when it comes to executive suites. Some business owners hastily sign leases on office spaces without realizing how much the location of the company impacts the bottom line. Not only must it be easily accessible by customers and employees, but the office needs to be located in an area that makes sense. For example, a company that does business in a particular city should be located in the heart of that town – among the hustle and bustle of their current and prospective clientele.

3.       Functionality. The best executive suites are those that help a business function well. This means there must be space for every employee to flourish in their position. How can business owners tell if a suite is adequate for their needs? Here are a few helpful hints:

·         How many employees are there? Account for expected growth
·         Does your company thrive off an open layout or private offices?
·         How many private offices do you need, if any?
·         What other facilities do you need—i.e. bathrooms, break rooms, and storage?

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