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Why You Should Never Overlook The Importance Of Your Premises

If you have recently started to grow your business empire and you are taking on new staff, you may need to look into securing more suitable premises for your company. While you could once get away with working from home, having the odd pajama day and relaxing with your favorite cup of coffee on your sofa, you now need a more professional outfit. Leasing your first business premises can be daunting. You need to balance the need for space, the cost, the location and the environment before committing to any contract. Get it wrong, and you could be tied into utilizing a premises that isn’t fit for purpose. Take a look at why your premises is so important to the fabric of your company.


Just because a premises is cheap, doesn’t mean it’s a good deal. It could be in the middle of nowhere with no road running to it, no utilities and little chance of achieving any decent phone signal. Instead, decide on the location you need. You might rely on footfall so need a location with a lot of passing trade. Alternatively, perhaps the suburbs will suffice as your business is office based rather than customer facing. Choose a location that suits your needs and one that is safe and secure.

To protect your stock or hardware, you will need to explore the best security camera system to suit your budget and requirements. Select a system that you can access and that has a direct connection to law enforcement should they be needed. However, you should never be choosing a location for your premises that is in a crime-ridden area. Your security system should be a deterrent and for back up alone.


Your premises should facilitate productive working. Even if you lease a building with beige carpet tiles, beige walls and minimal natural light, you need to rectify this before you allow your staff inside. Give the walls a lick of paint, put up some inspiring artwork, add a touch of greenery and make use of open plan workspaces to foster collaborative working. Your staff need to feel inspired by their surroundings and need to look forward to coming into work every day.


You might have grand dreams of tripling your workforce in a decade, but that doesn’t mean that you need to find space for all of these extra bodies right now. If you forked out for this excess space at this moment, it would go to waste for years. You would be paying out money on a lease unnecessarily when your cash could be better spent elsewhere. Think ahead two years at the most. Most leases are a year long, so this gives you enough time to decide whether new premises would be suitable at the end of the twelve months.

Being an entrepreneur is one of the greatest ways of spending your working days. Your business vision may be intact, your profits may be on the up, and you might be ready to expand. Never forget the importance of your premises.

About the author, Mark

Mark Asquith is a serial entrepreneur who has built globally successful design, marketing, software and digital businesses since he quit his real job in 2005.

A passionate podcaster, global keynote speaker and helpful bloke, Mark is the co-founder of Podcast Websites and the creator of Excellence Expected. He has a terribly embarrassing beard.

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