For a business entity, having the right office space is crucial. It projects the credibility and trustworthiness of the company in the eyes of the customers and the employees. It also boosts the brand image and, ultimately the business of the entity. Hence, having the right office space is very important.
When it comes to selecting an office space, most of the business owners are confused. They are not sure whether to go for the quality of the office space or its price.
Here are some things to consider with respect to quality and price while selecting an office space.
- Type of business: If your business involves face to face interaction with the customers, then the quality of the office space cannot be comprised. For eg, if you are into interior design, then you need a visually appealing office space where your clients could meet and interact with you. In such a case, even if the price of the office space is high, you should not compromise on the quality.
On the other hand, if your job does not involve direct customer interaction as in the case of a software developer or graphic designer, then the quality of the office space does not matter. In such a situation, the price will be the only consideration in selecting an office space.
Similarly, if you are a start-up entrepreneur or a freelancer who does not require much infrastructure facilities, then the quality of the space does not matter. Price would be the primary consideration in selecting an office space.
- Infrastructure facility: In case your business requires infrastructure facilities like hi-speed internet, meeting rooms, and training rooms, then the quality of the office space is crucial. You can either opt for serviced offices in Dubai or go for office space in a business center. Here the quality of the office should be considered and not the price.
If you require meeting rooms and conference rooms only once in a while, then there is no point going for a high-end office. In such a situation, you can opt for small office space in a co-working space in Dubai and rent out a meeting room when the need comes. Here, the price should be the primary consideration.
- Brand image: If your business has a brand image in the eyes of the customer or hopes to become a brand in the future, then having a quality office space is crucial. You should design the office interiors in such a way that it projects the brand image of the company. Here the quality of the office space, and not the price, should be the primary consideration.
In fact, a good office space with excellent interior and infrastructure facilities is an effective branding tool.
Quality vs. Price is a matter to be considered in every aspect of the business. Right from the office space to the product/service that is offered, quality and price play a crucial role. As much as possible, you should try to strike a balance between the two.