The small business advent calendar: 17 December The next door is open
As Christmas gets ever closer, there’s some uplifting news lurking behind door number 17 and it’s almost bursting out.
Some 17 per cent of SME owners are so optimistic about their businesses? futures that they think theyll need to move to bigger premises in 2016, according to new research by alternative lender Fleximize.
Many of the small firm leaders that Business Advice has spoken to this year have found themselves in this position. Tangle Teezer CEO Matt Lumb recently explained: At the moment weve got 31 staff, and if Im being completely honest weve run out of space. Were moving to a new office next week, and have two more members of staff joining in the new year.
And our working spaces expert Peter Ames recently advised small teams sick of working in coffee shops to give hot-desking a try, but warned: This style of working may be a bit like musical chairs you don’t have a set work station to call your own, and you can’t leave your things there over night.
The UK’s serviced office market is expanding rapidly to cope with increased demand from 5.4m small firms. Deloitte Real Estate revealed in May that the amount of co-working space in London has increased by some 67 per cent in the last decade with five million sq ft of shared offices in central London.
Hannah Wilkinson is a reporter for Business Advice. She studied economics and management at Oxford University and prior to joining Business Advice wrote for Kensington and Chelsea Today about business and economics as well as running a tutoring company.
A questionnaire from Huddle estimates how much spare office space could be rented out for in the capital. The high figures reflect both the financial opportunity for businesses that do have the odd desk unfilled and why flexible working has meant micro firms shouldn't feel so pressured to be based in a prime office space. more»