Running a startup requires a lot of guts, tempered with foresight. Great ideas aren’t enough. You need the right people to execute those ideas and a realistic budget. Unfortunately, many entrepreneurs get so wrapped up in their vision, they forget about the steps needed to achieve it, and that’s when new businesses tend to fail.
While there are many reasons startups fail, one of the most common is running out of cash. One way to keep startup costs down is to rent office space that allows for growth without breaking the bank.
Maybe you envision one day having an office with a ping-pong table, water features and a volleyball court. But until you become as successful as Google, it’s best to start off small and postpone planning your corporate compound.
A sensible space for a startup should account for growth without being too large, and more entrepreneurs are beginning to take a conservative approach to leasing space. That’s why companies like PivotDesk have gotten into the business real estate game.
PivotDesk pairs budding businesses with office space for lease. The advantage for businesses is two-fold: Those that have a large space, but not the people to fill it, can take on temporary tenants until they have more employees. And small businesses have an office space, until one party terminates the agreement (with a 30-day notice). For businesses that also need data warehousing capability, a colocation center is a better fit.
Colocation center benefits
Colocation centers offer tenants some perks that regular office buildings might not have. First, these buildings are designed to house servers; as such, they are equipped with sophisticated cooling, security and fire suppression systems.
Startups can elect to rent office space and data center space, and as their business grows, they could choose to keep data at a colocation center, but find a new office. The key takeaway for entrepreneurs is that colocation centers offer flexible, customizable options to suit their current and future needs.
If you’re launching a business and want to explore ways to keep your overhead costs at a minimum, schedule a tour of Lifeline Data Centers. We’ll show you why new and established businesses trust Lifeline with their data warehousing and office space needs.