The Different Types Of Office Spaces

office space singapore

Are you going to start a business? Well, then there are so many things to consider, be it funding, staffing etc. But most importantly, you have to think about the location and office space. If you don’t put enough thought into this, then it can be harmful to your business. Where do you want base your business in? What kind of an office space do you need for your business? What about the kind of investment that you require? Well, there are plenty of options before you including purchasing a new office space or lending/renting an office space for a short period. Well, we will look into all of it below. In Yangon, you can easily find a business centre as well as rental office spaces.

Business centre Yangon

Home offices

  • If you don’t have too many employees initially, then you can go for a home office. It will be a good idea to save some money.
  • The biggest advantage of a home office is that you are at your home 24×7 to look after your business. This can be an added advantage.
  • You will be able to save lots of money as well if you plan to turn your home into an office.
  • You already have the space, furniture and all other essential things. Until you make profit from your business, you can continue to work in your home office.
  • Start-up businesses have issues with funding and starting your business from your home is not a bad idea.

Managed offices

When you are starting out, you can go for managing office spaces as they will be very helpful initially. What do you mean by managing office spaces? It simply means an office space managed by somebody else and you simply rent a portion of the office for your business. They are also referred to as serviced office spaces. The good thing is that you can find them everywhere. For a start-up business, a managed office can be the ideal solution.