Renting An Office in Malaysia: Tips You Should Follow
Renting an office space can be a daunting task for small business Malaysian owners. Budgets must be adhered to, the location must be perfect and the space must be big enough to fit your entire company. If you want to successfully find an office space for rent, read the following helpful tips:
The Smaller The Better
One of the biggest mistakes new business owners make is renting an office space that’s too big for their company. While growth should be expected, stick to a pre-determined budget.
A good way to find out how much office space you need is to draw up a detailed plan. Count how many employees you currently have and allot them a certain amount of space. Make sure to add a small amount of space for future growth.
Contract Duration Matters
New business ventures tend to have a volatile first couple of years. Because there is such a large amount of risk involved, you likely don’t know how long the business will last. Try to negotiate a one-year contract term for your office space in Malaysia. This will leave you with a good amount of flexibility should you have a need to vacate.
The Best Choices Come With Utilities
Since you’re trying to save money, finding an office space for rent that includes utilities will be your best option. Because of the large amount of office vacancies in Malaysia, this should not be a problem.
Most virtual office and serviced office spaces will include internet service in their rental prices. Ask the property management company about the connection speed to ensure your business needs will be met.
Location, Location, Location!
Regardless of the type of business you’re in, location will play a huge part in your success.
Many business owners are tempted to rent the cheapest space possible. While sticking to a budget is important, you may need to pay a little more in monthly rental fees to get an office space in a prime location.