• HndsmKansan

    Posts: 16308

    May 12, 2008 7:38 PM GMT
    So.. the time has come that I must decide on a new office location for my professional business.

    I am presently in a very nice building, perfect location.. office too small and part of the reason that I set assessing new office space as a part of my spring activities when we had our "Goal Setting Workshop" with my employees in January.

    With some IRS changes and economic issues so far this year, my attention as been diverted until last week.
    A new owner has taken charge of my office building and its clear because of changes that are being considered, I should exit by the end of the month. Here are the choices. I have already made a decision,
    I'm thorough & concise. Just curious what you all think. I realize there are some of you that know me and know what I do, but I think my question is really relevant regardless of whether I would be an attorney, CPA, Investment Planner or other professional.

    Choices: 1) Small office (no larger than what I have now.. which was an issue where I am located now), but with conference room capability (which I don't have now. 1 3/4 miles from my home (2.75 currently). Absolutely incredible building, requesting new carpet, etc. 2 year lease. Accessibilty is reasonable and
    location is decent.

    2)Larger office space: Larger space, same price as what the smaller office I have now (or above) will cost, but about 6.5 miles from my home, not the best location at all and office area is mundane. No idea on lease period. Almost a warehouse district.

    I will make my final decision on Wednesday. Am asking input from a couple of commercial realitors. Clearly choice #1 keeps the "wow" factor for my clients. I sent a pic of it to an RJ member for input and his comment was "OMG you have office space like that in Kansas"?, but #2 does afford me more space.

    Comments? Suggestions?
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    May 12, 2008 7:44 PM GMT
    if #2 is safe and you can afford to upgrade it to "wow," then i would go for more space. however, the psychology of first impressions is powerful - if you're able to function in a small space (because you already have been) that is already "wow" AND is already safe, then i'd go with #1.

    everything else aside, since you don't have much time - i'd go with #1 just because it sounds like an easier transition.
  • ShawnTX

    Posts: 2484

    May 12, 2008 7:50 PM GMT
    I agree with dancerjack.
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    May 12, 2008 8:05 PM GMT
    From what you describe I would go with your gut feeling and that seems to be with the first choice. If having a conference room is an important factor the small size is then a good choice. I am thinking even though it is closer to your home, employees may feel better working in a location that is in a safe area and a nice building than some industrial park. Perhaps let them have input into things like carpet choice etc.
    If you think that you will have to move again because of business growth you may need a Plan C! Let the commercial realestate agent earn their commission and find another avenue for the business!
    With what is on the table, I would prefer to work in a smaller environment that is nice, than a place that visually I would not want to go too!
    Good Luck!
  • Hagan_F

    Posts: 210

    May 12, 2008 8:10 PM GMT
    Knowing you, knowing what you do and knowing where your current office is, my thoughts are: Talk to a realtor to see if there is a suitable place available ASAP that combines the assets of both options currently available (convenience, larger space, wow factor, good locale, etc.) I think you might be surprised at what is out there and soon. Otherwise, I am more for your first option (as I think you are too).
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    May 13, 2008 5:27 AM GMT
    location, location, location and location. nothing make me made as to when i can't find a place that i am looking for. the wow factor is something that everyone looks for, i don't care who you are, if the building isn't visually appearing, then new clients might not stick with you, which is a right assumption, but it the truth for most people.

  • HndsmKansan

    Posts: 16308

    May 13, 2008 10:56 PM GMT
    Some great points there, thanks guys....
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    May 13, 2008 11:01 PM GMT
    if you own your own business, than make it convenient to yourself. there's nothing worse than having to go to an office that is completely out of the way in the middle of the night to take care of an emergency... trust me I know. I say go with #1