Published on May 17th, 2013 | by Jose Vasquez0
5 Ways to Find Cheap Office Space for Startup Tech Companies
Startup tech companies need a professional workspace, but traditional offices can be expensive. These options help entrepreneurs get the space they need for cheap.
Startup tech companies don’t need to start in a huge office; in fact, many of them begin in an apartment or in someone’s bedroom. But sooner or later, you’ll need to find some desk space outside your home, and former Goldman Sachs trader/successful entrepreneur Melissa Thompson knows the challenge in it all too well.
Thompson identifies five easy office alternatives for tech startups who need some external office space but don’t have much immediate cash to tap into:
1. Foster Offices
Foster offices are essentially small portions of bigger companies, who might have some extra space they aren’t using. You can net small, unused space for cheap rates and negotiate for a few extra perks, like free wi-fi or conference room use.
2. Governmental Support
Local governments encourage their community economies. Look for government space that’s available to borrow, or propose the addition of a startup company incubator.
3. Hotel Networking
Hotel lobbies are well furnished with free Internet and often make great places for client meetings. Make friends with a few local hotel managers and make the most of the lobby space during the day, when you won’t disrupt any paying customers.
4. Desk-a-Day Services
Many new companies, such as PivotDesk, are offering shared office space to emerging small businesses. See if one is operating in your area.
Make the most of your travel time. As a passenger in a bus, train, or plane, you’ll have Internet access and an uninterrupted commute time so you can focus on your work.
Thompson makes a great analysis on the current landscape of office space affordability for startup tech companies. As an entrepreneur, you need to be nimble. But remember, as a company your goals should be stability and growth; while these options are great in the short-term, make sure you have a long-term plan for maturing your company.
Click on the link to read Anne Fisher’s CNNMoney article, “How startups can get cheap office space”