Is it Worth it Spending Money on a Nice Office?

[00:27] Today’s Topic: Is it Worth it Spending Money on a Nice Office?

[00:51] In a collaborative environment, it’s good to have everyone in the same space.

[01:14] Eric pays about $11,000 for three sections in co-working spaces.

[01:35] Now, they’re moving into their own dedicated space.

[01:49] Offices are good for recruiting, it’s a great space to bring clients into, and it’s nice to have a home base.

[02:13] If you are looking to build a culture, you need to have your own dedicated space.

[02:27] A crappy space creates a crappy feeling.

[02:45]However, Neil thinks it’s a waste of money to have a nice office, even though offices do serve an important purpose.

[03:10] He would rather save money on the office and spend it on food or other community-related activities and things that build culture.

[04:07] Nice offices are good for creative businesses and it helps create a positive perception.

[04:40] Marketing warrants a nice office, in Eric’s opinion.

[05:01] Neil prefers to sublet for a year at a time.

[05:54] He thinks it’s too risky to sign up for years at a time.

[06:20] Consider whether your industry warrants having a nice office.

[06:29] That’s all for today!

[06:32] Go to Singlegrain.com/Giveway for a special marketing tool giveaway!

Is it Worth it Spending Money on a Nice Office? | Ep. #593