If you want a place that has a more business-like setting, an executive office suite can be a good option for a new startup.

It’s an exciting journey to start your own business. From here on there are many things to look into, and one of them is renting your own office suite. It is a big step as it will be one of your biggest expenses. So do think if you really need one right now. If you come to a decision that you don’t really need one just yet, here are some alternatives to leasing your own office space for you to consider.

Work from home
One of the most economical ways is to set yourself up at your home office. If it’s just going to be you at the moment, there is little need to rent a space. However, make sure you have a conducive space at home to do this. When your business grows and you start to hire employees, that’s when you can start looking for a suitable office suite to accommodate your company’s needs.

Executive office suites
If you want some place that has a more business-like setting, an executive office suite can be a good option for startups. These spaces can be leased by the hour, month or year. They are also fully facilitated and usually located within a prime area.

Co-working spaces
For those who want a more flexible setting, co-working spaces provide plenty of space for a group of people to work in. Some also come with meeting rooms, private discussion areas, and seminar rooms. It’s also a great way to meet other like-minded people – for instance, entrepreneurs, freelancers and other start-up owners.

Shared office suite
You can also consider sharing office space with others. The advantage to this is that you can share the leasing and operating costs. Find a business partner with services and products that compliment yours, so that you can also refer clients to them and vice versa.

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