The True Cost Of Renting Your First Office Space

Managing your finances is absolutely key when you’re running a business. If you don’t keep your overheads under control, your profits will suffer and you might end up running out of money completely. One of the most common reasons that new businesses go under is that they simply spend too much before they’re bringing in enough revenue to cover their overheads. Renting an office space is one of your biggest costs so if you’re starting to grow the business and you’re looking at moving into an office, you need to work out whether you can realistically afford it. However, a lot of business owners go wrong here because they just consider the rent on the office, which isn’t the only cost that you have to bear. This is the real cost of renting office space.



You’ve considered the monthly rent of the office and you think that you can comfortably afford it, but what about all of the utility bills? The cost of running an office can be incredibly high because you’ve got a large space with all of the lights and heating, then you’ve got to consider all of the computers and other equipment that you’re running for 8 hours a day. Those costs quickly add up and a lot of businesses find that, even though they can afford the rent, they can’t actually afford the cost of operating the office every day. When you’re looking at offices, it’s important that you ask the real estate agent what the average monthly cost is likely to be. Factor this into your financial projects and make sure that you’ll actually be able to afford to keep the office running before you sign the lease.

Waste Removal


Businesses create a lot of waste and you need to put it all somewhere. There are certain things that need to be disposed of properly and can’t just go into landfill, and that will cost you a bit extra as well. When you’re trying to calculate your costs, make sure to include the price of bin hire and removal. You also need to think about any extra costs involved with disposing of electronics because you’ll usually have to pay more. If you just throw them in with the normal rubbish, they’ll cause damage to the local environment.

Waste removal is a very important part of your public image and if you’re creating a lot of waste, that doesn’t sit well with potential customers. Environmental responsibility is a big concern for most consumers these days and if you’re seen to be a very wasteful company or you’re not disposing of waste in an environmentally friendly way, it could seriously hurt sales. That means you might need to invest more money in using recyclable materials around the office to reduce waste, so you need to factor that in as well.



Maintenance is something that business owners always forget about but it’s a big problem, especially if you’re renting an older office space. Ideally, you’d rent a brand new office that isn’t likely to have any maintenance issues but most businesses, especially new ones, probably can’t’ afford to do that. You can save yourself a lot of money on rent if you use an older office but be aware that you might end up paying out more in maintenance costs.

If you have issues with the plumbing or electrics in your building, it can be incredibly expensive to fix. If, for example, you have a leak in the building, you’re going to have to call out an emergency plumber to sort it out. They’ll charge a premium for coming out right away and then you’ll have to deal with all of the damage, which will cost you as well. If you have a problem with the electrics and the building is unsafe, that will need to be sorted out immediately as well. As well as the cost of the repairs, you have to consider the loss of earnings as well. While this maintenance is being carried out, you’ll have to shut the business down. Depending on the severity of the problem, you could be out of action for a while and that’s all lost revenue. A single maintenance issue can cost you thousands and you’ll have to find that money from somewhere, so just be aware that a cheaper office isn’t always cheaper in reality.

The best way to avoid this is to pay for regular checks of the building at least once a year. If you can fix smaller problems as and when they come up, you can avoid any serious damage that is going to cost you a lot of money.



If your office is going to function properly, it needs to be properly furnished. If you’re moving into a new office, this isn’t as much of an issue because you’ll have a lot of that furniture and equipment already. However, you’ll most likely be moving into a larger office so you’ll still need to buy some things. If you’re moving into an office for the first time and you have to start from scratch, it’s going to be expensive. All of the simple things that you take for granted like desks and chairs will cost more than you realize. On top of that, you have to equip all of your employees with computers and printers etc. It’s not just a one off cost that you have to bear either because those devices become obsolete every 5 years or so and need replacing. Consider that the average computer costs around $500, if you’ve got an office with 10 employees, that’s $5000 you’re paying out. That’s before you’ve even paid for the software licenses that you need, so it can quickly add up.

If you don’t invest in all of this stuff, your employees won’t be properly equipped to do their jobs and you won’t be in a position to operate the business effectively.

The cost of an office space amounts to a lot more than the monthly rent. If you don’t consider all of these costs when you’re budgeting, you’ll find that you can’t afford to operate an office and you can quickly run out of money.

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Is It Time To Grow Up?


The relationship that many of us have to the concept of adulthood can be kind of strange. Previous generations had very clear lines in terms of what constituted the move into adult life. They would leave education, head into work, buy a house, get married, and that was basically what was expected of them. Younger generations have moved away from those expectations and it’s now much easier for people to carve out their own sense of who they are and who they want to be. However, that’s also come with the downside of often leaving a lot of people unsure of how to navigate the complexities of adult life. A lot of people in the modern era end up feeling like they’re no longer kids but they’re not exactly grown-ups either. This can end up causing a whole lot of stress and difficulty in many people’s lives as well as potentially impacting everything from their mental health to their relationships. With that in mind, here are some things in your life that you need to start taking control of if you really want to grow up.

Your car

One of the most common things that leaves a lot of people feeling like they don’t know how to be a “real adult” is that they often have no idea how many of the things in their life actually work, choosing instead to just put it in the hands of someone else. There is no better example of this than your car. If you’re constantly in a position where you’re having to call your parents to give you advice on what to do with your car or you have no idea what a mechanic is saying to you, it’s time to get educated. There are plenty of places online where you can learn basic car maintenance and a lot of it is far simpler than you might think. Of course, there will always be things that need to be dealt with by a professional so make sure you have the number for a great mechanic like Aarrow Transmissions. That way you can be sure that your car is in safe hands, even when things go wrong.    

Your health

When you’re really young it’s often easy to feel like you’re totally invincible. Of course, the moment that you enter the adult world it becomes pretty clear just how untrue that really is. Because of that, a lot of people tend to try and ignore any issues with their health. Whether it’s a persistent cough or some aches and pains, sweeping it under the rug is always going to be a bad idea. Make sure that you’re going for regular checkups with your doctor and if something is wrong, get it looked at straight away. Just because no one else is going to call the doctor for you doesn’t mean that you can just ignore any issues.

Your bills

Money is a serious cause of stress for just about everyone. That’s just the nature of the society we live in. If you want to do anything, you’re going to need the money for it. However, if you’re not keeping track of your finances in a clear and consistent way then you’re setting yourself up for a whole lot more stress and anxiety than you really need. Keeping a budget isn’t that complicated, it just requires a decent degree of dedication. The same goes for monitoring your spending and trying to put some money away in a savings account.

Your communication

One of the main signs that someone is struggling to really act like an adult is that they are unable to communicate with the people around them. If you really want to feel like a grown up then the first step is being able to express yourself clearly to the people around you and be honest with them. Hiding your emotions or letting them out in aggressive outbursts are the behaviours of children, not responsible adults.

Of course, one of the most important things to remember is that there really isn’t anyone out there who’s going to define what “adulthood” means for you or for anyone else. Sure, the things in this list are great starts to help you begin to feel more like you have a sense of control over your adult life. However, if you really want to figure out what being an adult means to you, that’s something you have to come to on your own. That can be a pretty scary prospect but that’s the trade-off for the freedom that comes with it. And it’s a trade that many would gladly make.

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