Every small business that is successful will one day be met with a challenge in the road to their expansion. It’s both a good thing as a very tough task to complete. How do you create your own headquarters for your business? We all know the megastructures that Apple and Google have for their HQs, but they have built them from scratch. Small businesses don’t have the funds to do this on a large scale but there’s nothing to stop you from acquiring a place such as in a commercial building. It’s the thing to do for new high rise buildings to sell off floors and parts of floors to companies. Essentially this is what the World Trade Center is, in the fact that many businesses have either bought floors or renting them and base themselves in the building making it their headquarters. This is the normal route that small business takes to also have a HQ, but how do you go about actually doing this?
Location is everything
If you’re a multinational giant, you don’t really need to worry about the immediate location of your HQ. you’ll do the usual stuff like find a state or country where the taxes are low and you have less regulation to strangle your innovation. However you don’t need to worry about area of the city or town for where you will start building your HQ. Employees that work the headquarters will also not mind the long trips from their home because they are in important positions and getting paid very well.
It’s not the same for small businesses, as securing talent is one of your ongoing main goals. Therefore, don’t just think carefully about the city or country that you will be based in, but where exactly will you have your main office? For example, you want to be situated close to main highways and perhaps in a area which provides multiple cities equal distance from it. This is why many companies opt to locate themselves centrally, so that people from all directions can easily commute to their HQ and not have to travel so far that it becomes a chore. This actually will cost you talent.
Putting your name on it
Offices in commercial buildings sell out very quickly, especially in newly built high rises. It’s quite an achievement to be working in a high rise building that has state of the art design in every aspect. Therefore, many businesses that are looking to grow or create their headquarters will constantly be on the prowl. This makes the market very competitive, so if you are such a business owner looking to finally have your very own HQ from which all your base of operations will happen, make sure you’re on the lookout. When you do find a commercial building that is suitable you must act quickly to put your name down as a seriously interested client.
If you don’t have the money available just yet, don’t worry as you can always get a bridging loan. A commercial bridging loan is a short-term loan which allows you to have quick access to the funds you need to help either buy or rent a commercial property. The Commercial bridging finance calculator is simple to use as it provides a detailed breakdown of charges related to the loan itself as well as interest charges. It’s quicker than a mortgage loan but it has many of the same features such as valuation, legal and admin fees. It will also tell you what if any cost you’ll need to pay if the loan payments are cleared earlier than agreed or expected. You can also take a look at the Brickflow Development Finance Guide which contains some great advice on how you can finance your property development.
Mark your territory early
Once you have made the deal, put up a sign of your business and logo. There are businesses that will still want a look around a commercial property that has recently been sold and if they like it that could spell trouble for you. It’s been known for larger or wealthier businesses to buy out a property out from underneath other businesses. A little cloak and dagger is common in the business world, so mark your territory early by even setting up some equipment inside the office before you fully move in. This will ward off those that think they still have time to make a move under the table.
A headquarters is an incredibly important thing in business. It’s a place where all your operations will begin and when you’re expanding to other cities, regions and countries, a HQ is needed to keep control of your business. If you need to act quickly but don’t have the funds, consider a bridging loan to get in first and snap up your preferred office space.
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