Your Business With James Caan 2017 - 283

COST SAVINGS

among other members and/or
outsource their duties instead.

PREMISES

Choosing the right premises for your
business from the outset can make
or break a fledgling enterprise. That
swanky office in the prime location
may have the wow factor, but is it
really going to attract enough new
business to justify the sky-high rent?
And is it really necessary for your
business to pay a premium for a highstreet location or would a less visible
location work just as well?
To ensure you get what you
need without any expensive and
unnecessary extras, draw up a list of
requirements before starting your
search. Take into account:
■ The size and layout of the premises
you'll need, including any special
structural requirements such as
high ceilings
■ Facilities and comfort for employees
and visitors, including lighting,
toilets and a kitchen area
■ The type of permitted commercial
use required
■ Access and parking for deliveries
and/or customers
■ Whether you need the flexibility to
alter or expand the premises

Beware of contracts with
punitive charges if you switch

When budgeting, it's also important
to keep in mind the following costs so
you aren't faced with any unexpected

extras that could blow your carefully
worked out costings out the water:
■ Solicitor and surveyor fees
■ Any alterations to meet building,
health and safety and fire regulations
■ Fitting out and decorating costs
■ Rent, service and utility charges,
including water, electricity and gas
■ Business rates
■ Continuing maintenance and repairs
■ Building and contents insurance

ENERGY

Buying or renting a property that is
energy efficient will help you save on
heating and other energy bills in the
long term. Sellers and landlords are
obliged to provide prospective buyers
or tenants with an energy performance
certificate (EPC), which indicates

how energy efficient a building and
its services are, and can act as a good
indicator of likely energy costs.
Search out providers that offer
energy for businesses, which tend to
offer far more competitive rates than
standard tariffs.

COMMUNICATIONS

From landlines to mobile phones and
broadband, it's important to ensure
you have the best deal to keep your
business running smoothly. Beware
of contracts that lock you into a lessthan-competitive deal with punitive
penalty charges if you decide to switch
before its end. There are companies
that can help businesses find the best
deals, ensuring you don't get stuck in
a contract that will leave you paying

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