Run The Money
Follow Run The Money

Find The Perfect Property For Your New Business

  • June 2, 2020

If you're reading this, I'm earning money in some way. I was compensated with money and/or product. Thanks for helping to feed my family. I also may have a financial interest in companies named. Please see our disclosure for more information. Also, any advice provided is for informational purposes only. I'm not an accountant, lawyer, doctor, fitness expert, or nutrition specialist. So, talk to a professional before acting on anything you read, watch, or listen to below. Get your own advice and do your own research. Email me at [email protected] with questions.

Find The Perfect Property For Your New Business

Are you thinking about starting a business? If so, then you are going to have a lot of decisions to make. One of the most important is always going to be choosing the right place to set up shop. This can, believe it or not, have a massive impact and potentially play a huge part in determining whether your business is a terrific success or a terrible failure. So, let’s explore the key points that you must consider.


Do make sure that you think about how accessible your business property is for customers and employees. For instance, you might need to make sure that there’s a big enough parking lot for your entire team. You’ll also need to ensure that the parking lot is safe with something like 100w led parking lot lights. If a property doesn’t have a parking lot like this, you might have to establish one yourself and this is always going to cost even more money so definitely factor this into your budget. 

Related: Finding An Office Space For Your Business: 4 Things To Consider

Accessibility can also mean ensuring that your business has the right transport links. It’s fantastic if you can save money by purchasing a business property outside of the city. However, if there’s no infrastructure in place then you are going to struggle to get the results you want with your company. 

Connections are important too and ideally every business these days should have a full ultrafast broadband connection in place from day one. This will be crucial for ensuring that you are able to always stay in contact with both clients as well as remote employees. It will be vital for guaranteeing that your business model runs like clockwork. 

Location, Location, Location 

Location is always going to be an essential element when you are choosing your business property. You need to consider whether you need to rely on foot traffic. If that’s the case, then it makes sense to purchase in an area that is highly populated. If you buy a property that is largely secluded, you might also need to think about investing in additional levels of security. This can be necessary if your property is going to be unguarded through the night as it could easily become a target. Location can also impact the price that you will need to pay however it’s important to note that the least expensive option will not always be the best. 

Do You Even Need Business Property?

Remember, you only really need a business property if you are going to be meeting customers and clients on a regular basis or if you are running a massive team. For small businesses that operate entirely or even just mainly online, it’s possible to escape this issue completely and manage your business from home instead. You should always consider whether the cost of business property is going to be worth it for you. You could even think about using a virtual office address to trick customers into thinking that you are running your business from the center of a city.