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#Post#: 58--------------------------------------------------
Have employees otherwise you'd remain
By: Shovo Ray Date: September 2, 2023, 11:44 pm
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A consultant. Office space is a tricky issue for a brand new
company. You often don't need a lot of space in the beginning,
but if your company does well and finds itself quickly
expanding, you could find yourself outgrowing your initial space
soon. I'd recommend you'd do your best to find office space (at
least initially) with a short term lease (which for office space
is usually 1-2 years). Also, since most of your business - at
least in the beginning - will be over the Internet, you
shouldn't kill your budget trying to rent a Madison Avenue
worthy space in the beginning.
Whether you should do it at ANY time is up to you We took a 1
year lease in an industrial building with a killer Chicago loft
like interior and a great kitchen. From the outside, it looks
like a trucking company (because we're next to one). But it's
got a great look and feel on the inside and 90% of our clients
will never Phone Number Data
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come to our office
anyway. The one year lease was key because we were way too small
for the space when we took it and will be way to big for the
space when our 1 year lease is up. Additionally, don't stress
too much over location. I talk with a lot of folks that ask us
when we'll be moving from the small town we're in (Katy, TX) to
the "big city" ten minutes away (which is Houston, TX). Sean and
I just discussed.
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This the other day and I don't know that we'll ever make that
"move" so to speak. It is much easier to get local press
coverage and be a "top" employer in a smaller town. And again,
most of our clients will never come to our office anyway. I take
my cue from Marty Weintraub, who, rather than ditch Minnesota
for the more "tech" scene states as a newly minted Inc 500
company, instead chose to become a pillar business there.
Contractors Vs. Employees I was very adamant from the day we
launched that we were going the in-house, local employee route.
It is tempting to work with long distance contractors -
especially when you know they're talented but would never move.
As a consultant, I utilized long distance contractors for years.
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