4 Ways To Know Whether You Require More Office Space
One of the exciting experiences for business owners might go through is the planning and execution of activities related to business expansion. Whether it’s moving from a home office to small business space for rent, or moving to a bigger working space for lease at a self storage in Singapore, it is a rewarding activity for the growth of your business.
But how do you know whether it’s time to make the move? Here are four ways to know whether you require more office space.
You Have A Cramped Work Area
Working from home or a small workspace rental in Singapore can be a cost-effective decision initially but eventually you might need to move out as your working space grows. Working in a crammed area can be a source of stress and discomfort, which leads to lower productivity.
Additionally, packing people into an overcrowded office environment results in lowered employee satisfaction and adds on to distractions, leading to a counterproductive work environment. There are self-storages in Singapore which offer work spaces for rent in various sizes, so you can provide your team members and staff a more spacious and comfortable place to work in, which can help to maintain a healthy level of morale and promote a more efficient business process.
The space of your working area also says a lot about the future growth of your company. Search for a working space that can account for reasonable projected growth, so you can also attract more top talent and provide them with a comfortable work environment.
Your Storage Area is Spilling Over
A common scenario, especially for home-based offices, is an overflowing storage area to store documents, goods, archived files and other items pertaining to the business. But as the company grows, you’ll need to find more space for storage also.
Messy working spaces and overfilled storage areas can lead to inefficiencies and create new bottlenecks to the operations of the business. This can also result in damaged goods and supplies, and significantly increase the amount of time consumed to find what you want. This will lead to lost productivity. Decluttering and better organization may help improve the low storage space situation, but it is inevitable that you might just need more storage space. Besides renting a storage unit from the cheapest self storage in Singapore, you can also look into bigger yet affordable working spaces to store and organize your things.
Not Enough Space to Hold Meetings
Meetings are essential and used to discuss important project or business decisions. If meetings are not held on time, it can cause delays in deadlines and result in unsatisfied clients. Meetings held in public places such as cafes or restaurants may not be a good practice on a regular basis as it is not a conducive environment to discuss any proprietary or private information.
There are meeting areas that can be rented out, but if you are doing this regularly, it could end up costing you more in the long run as compared to upgrading to a larger working space to accommodate your meetings.
You Can Afford It
It is important to be aware of the above signs which tell that you require more office space. However, this should also be a practical and pragmatic decision as you need to ensure that you can afford the move and new monthly rental rate. As your business is growing and you can budget for more needs, getting a new and bigger working space can help you achieve higher productivity, efficient operations, and more professional outlook.
Work+Store is one of the cheapest self-storages in Singapore that offer storage units as well as working spaces for lease available in 8 locations islandwide, including Eunos, Ang Mo Kio, Bukit Merah, Upper Thomson, Kallang, Pasir Panjang, Tampines and Bartley. Our working spaces start from 88 sqft onwards and come with flexible lease terms and all-inclusive rental rates, providing with a convenient solution to do your work in and store goods all under one unit. This can benefit you to improve stock-taking and goods management as well as manage goods procurement better for your customers. Facilities are included in the unit such as powerpoint, lights, aircon and 24/7 CCTV and keycard access. Under our parent company, LHN Group, there are bigger unit rental for office and warehouse in commercial and industrial spaces across 38 properties in Singapore.
If you wish to find out more about Work+Store and our other storage options, feel free to contact us at +65 6578 9966 or WhatsApp us at +65 8345 9966. Alternatively, you can email us at email@example.com for more information!