Scaling your startup: Challenges of moving to an office space and how to solve them
The startup scene in the Philippines is on the rise with local and foreign entrepreneurs taking advantage of the country’s business opportunities. An estimated 500 companies have already set up shop here this past year, and this number is expected to go up.
With so much competition going around, you need to make sure your startup can keep up. Once you’ve got your business off the ground, it’s time to think bigger and better. Scaling your startup means automating your processes, hiring more people, and most importantly, finding the perfect headquarters.
Your base of operations affects everything, from productivity to team morale to client perception. Before you start scaling up, check out these common challenges startups face when moving to an office space and how to solve them:
CHALLENGE #1: FINDING THE OFFICE SPACE THAT SUITS YOUR NEEDS
When looking at office space for rent in Manila, you need to keep your team’s needs in mind. Make sure the location is easily accessible near highways and public transportation. Having an office close to restaurants, shopping malls, and the like is a nice perk for your team and future employees.
Match the size of the office with the number of people on your team. At the same time, give enough elbow room for growth. You don’t want to rent a space that’s just right, only to move out a couple of months later because your team has become too big.
Getting the proper amenities will also be a challenge. If you want none of the hassle and all of the benefits, find a serviced office that’s already equipped with furniture, electricity, and other essentials. Our Loft serviced offices offer all of that, as well as IT and admin assistance, 24-hour security, and add-on business support services.
CHALLENGE #2: BUDGETING THE EXTRA EXPENSE
Renting an office space is a major financial risk, especially for startups that are just starting out. Before falling in love with a specific location, make sure you can afford it. Your office space should help you grow your company, not lead you to bankruptcy.
Find office spaces with flexible leases so you can save money while you figure out the type of space that’s right for your startup.
CHALLENGE #3: CREATING A GREAT WORKING ENVIRONMENT
The office you choose plays a significant role in the motivation and efficiency of your team. Know that behind every successful business is not just a great product, but also great people behind the product. A positive work environment and culture should be among the top priorities of every startup. You want your office to be a place your team enjoys spending time in—not somewhere they’re dreading to go to.
Customize your office layout to cater to your team’s work style. Companies with more traditional views should consider looking for a space with cubicles and separated offices. For those who are embracing the modern workplace, look for private offices for rent with an open concept and a contemporary style.
CHALLENGE #4: INJECTING SOME FUN INTO THE WORK ROUTINE
More and more companies are trying to break the monotony of the workday by adding fun perks like pool tables, bean bag chairs, a lounge, and other features to the office. In fact, some studies say that taking a break could actually increase your productivity.
For a happy workforce, you need to have great amenities. Something as simple as a mini-kitchen or a pantry with a good coffee machine will provide that much-needed breathing room to improve your team’s mood.
Want to really make your office space true to your brand and culture? Look for an office management company that offers custom build outs so you have the freedom to create the best office for your startup.
WHAT DOES YOUR WORKPLACE SAY ABOUT YOUR STARTUP?
Your office reflects your company’s values and culture. Consider getting an office space that will give you the opportunity to show clients, investors, and future employees what your startup is all about. Here are a few tips on creating an office space that represents your brand:
Plan your office space carefully. The office layout represents what your company values most. For example, a workplace with plenty of shared offices and desks conveys that your company values collaboration and teamwork.
Don’t simply follow the latest trends when designing your office layout. Make sure you know what your business is about and translate that to your office space.
Pick your colors wisely. Colors play a huge role in brand recognition. In the workplace, these also serve to alter people’s state of mind and productivity. Warm colors evoke a sense of friendliness and security while brighter colors convey modernity and youth.
If you want your office to have a calming atmosphere, go for muted tones like blues and light grays. Vibrant colors such as reds, yellows, and oranges give off creative and punchy energy.
Choose the right style and furnishing. Your choice of furniture can convey innovation, ambition, creativity, or any kind of trait your company wants to put forward. Sleek and modern furniture in symmetrical arrangements shows that your company is professional and a bit on the formal side. On the other hand, eccentric pieces coupled with quirky motivational wall graphics give off a fun and friendly vibe.
FIND THE PERFECT PRIVATE OFFICES IN ORTIGAS AND BOOK A TOUR AT LOFT TODAY!
Looking for the best office space in the city? At Loft, we offer an array of options, from serviced offices to custom-built offices.
Check out our plug-and-play serviced offices. We have all the benefits of a full-service office space without the hassle of setting up and doing maintenance. These offices are available for flexible seat leasing, as well as short- and long-term leases.
Our custom-built offices, meanwhile, include fully-furnished office spaces with premium perks, business services, and ultra-fast internet, regular maintenance, and free-flowing coffee.
Learn about our other amenities and get your own private office in Ortigas. Schedule a tour of the Loft facilities today! Get in touch with Loft Spaces at (02) 284-8789 or 0917-899-1801. You can also email us at [email protected].