If you are a proud owner of a small business or if you are a successful entrepreneur you might have come across this dilemma more than a couple of times. To be honest, both buying and renting working spaces or offices have pros and cons. But how to determine which is best? This is totally up to you. However, many people who have started small or medium businesses have recommended not to purchase offices at the very beginning. This is due to a couple of reasons. When you start a business or an organization, your capital is limited.
First thing that you should focus is making more profit. In this journey of making profits, you should have smaller amounts of expenses and investments. Buying a huge property is really a big investment and this will reflect badly on your revenue. You can, of course, buy a property for yourself when you are stable in your business. However, finding a place that can be leased is a good idea. Also, you have to make sure that find office Hong Kong is less. Once you have found a fair deal, you can invest a certain percentage of your capital to secure a workplace.
These temporary offices have the flexibility to be relocated easily. If you are not satisfied with your property owner’s maintenance procedure, or the facilities that you get, you can simply transfer your whole office and accessories to a new place with no hassle. Also, when you are getting more stable, you will probably need a bigger space and if you have rented your office, you can easily transfer to a bigger place with no legal issues.
If you are focused on maximum productivity, purchasing an office would not be ideal for you. If you own a place you will have to carry out maintenance work, or upgrade your existing security systems etc. and these processes takes months. Advantage in office leasing is that you don’t have to worry about these things at all. You can let the owner take care of all those things while you make profit. Most owners focus on providing you with modern security systems and other modern facilities.
You have to understand that there is no need of investing half of your entire capital to obtain a working place. In fact, you can simply make a contract with an owner for a couple of years and invest a small amount of your capital for an office while you invest the rest in making more and more revenue!