5 Tips to Scale Your Small Business in a Cost-Effective Manner

You have a great business idea and you’re ready to take it to the next level. Congratulations! But before you start scaling your small business, you might have to find your way around a few obstacles first.

Do you have the required infrastructure?

As your business grows, you’ll need more space and more resources. But to invest so much in the infrastructure for a fledgling business might be a risky proposition. Fortunately, there are shared offices or coworking offices and serviced offices that can be rented on an as-needed basis. These types of workspaces offer the infrastructure you need to scale your business without breaking the bank:

• Serviced offices are pre-designed office spaces that come with all the furniture, equipment and services you need to get started immediately. All you need to do is bring your laptop and start working!
• Shared offices or co-working offices are shared workspaces where start-ups, small businesses and freelancers can come together to work in a collaborative environment.

Are you more productive when you work alone or in a lively environment?

• Do you prefer the stability of a permanent office or the flexibility of a co-working space?
• Do you need your own private office or would a shared workspace suffice?

These are important questions to consider when choosing an office space because they will have an impact on your productivity and how your business scales.

You don’t have to rent or buy a permanent office. You can book permanent desks or private offices in a coworking space on an as-needed basis. This way, you only pay for the days or months when you need it and you’re not tied down to a long-term lease.

Do you have the staff to man your office?

Startups often face ups and downs. When the business is on the rise, you’ll need more people to handle the calls, emails and other customer queries. But when business is slow, you don’t want to be saddled with the overhead costs of a large team.

One solution is to outsource your customer service or hire a virtual assistant. This way, you can have the staff you need without having to pay for their office space or equipment.

Or you can rent a serviced office with dedicated staff to take care of all your business needs. This way, you can focus on scaling your business without having to worry about daily operations.

Do you have the finances to support your growth?

Scaling a small business can be an expensive proposition. You’ll need to invest in more office space, staff, and resources. But if you’re not careful, you can quickly run out of money.

Renting a serviced office makes it easy to scale your business without breaking the bank. With all the furniture, equipment and services included in the rent, you can focus on growing your business without worrying about the bottom line.

While signing a lease, you should be clear about:

• the length of the lease,
• who will bear the maintenance costs, costs of administrative services, and costs of other services and facilities on offer, and
• the cancellation policy.

Does brand identity matter to you?

When you’re starting, your brand identity might not be a top priority. But as you start to scale your small business, you’ll need to think about how you want to be perceived by your customers.

OBK Business Centre offers custom office décor and branding packages to help you create the perfect environment for your business. From custom signage to corporate branding, we can help you project the right image to attract new customers and grow your business.

Conclusion

Scaling a small business can be a daunting task but with careful planning and execution, it can be done. By considering the factors mentioned above, you can choose the right office space and resources to support your growth. And with OBK Business Centre, we can help you every step of the way.