When you think about it, the lower your outgoings at the beginning of a new business venture, the less pressure you put on the business to become profitable in the first few weeks. However, assessing where cost cutting can take place is not always obvious unless you have already experienced being in business. What we do understand though here at Kent Space, is that creating the right first impression is critical for present and future business success. Now that can cost money.It is a sad fact that up to 50% of new businesses fail within the first two years. One of the principal reasons for this, according to Theo Paphitis in the Guardian newspaper, is down to startup costs which so many new entrepreneurs underestimate.
You want to make sure you have a great office that shows you off in a good light. You need a receptionist and a secretary, or someone who can do both, however it is still a costly salary payment each month. You need office furniture, office equipment and a telephone system as basic requirements. You then need the actual office, which usually means tying yourself into a lengthy and expensive lease and hefty legal costs to set up. Add insurance, business rates, property maintenance and cleaning, and all of a sudden you can be looking at an outgoing of £30,000 in your first year. Now that takes a lot of earning before you have even taken a penny for yourself. Have you budgeted for that or are you hoping that after a couple of months the business will easily cover this cost?
There again, there is a far more sensible approach, such as a serviced office. Kent Space have just the thing for you if you are looking for office rental, Ashford, Kent – as here we have first-class modern, clean, and impressive offices in a great location, with superb and friendly staff, impeccable facilities, plenty of parking and unlimited storage space if your business needs it. Interested? You should be, so to find out more, just give us a call, and let us show you the way to your new office premises.