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Asset-Light Ways to Furnish Your Office

Start-Ups maybe the trend of the season, but becoming a successful entrepreneur is not everyone’s cup of tea. All business ventures trace their origin back to an innovative idea. But innovation and ideas alone cannot run a business; there is always more than one factor that is involved in building a long-term profitable organization.

At the outset, any entrepreneur will need a good office space with efficient and practical interiors. Interiors and furnishing are important, as it will attract not only prospective clients but also a great workforce. But good things cost money and spending cash on furniture is definitely not an investment.

That is why it becomes imperative for an entrepreneur to carefully plan their budget in the early stages where the initial cost of setting up a business is very high.

Start-up owners everywhere are opting for furniture rentals to save on the initial costs, especially since their financial future is not very clear.

Here are 5 good reasons why, as a business owner, you too should opt for office furniture on rent rather than buy:

Limited Budget Vis A Vis High Furniture Prices

Office furniture is more a matter of utility than aesthetics. Because you’ll be keeping the furniture for a considerable amount of time, it has to be sturdy and durable. Your employees will be sitting on the office chairs for long hours and your file cabinets will be opened innumerable times a day.

Image via: photopin.com

Quality furniture is expensive. It doesn’t pay to spend big on tangible items that’ll be worn out with time and has minimal resale value. It pays to get them on rent.

Adopt the ideology of #SubscriptionLifestyle; for an affordable cost, you can fill your space with great furniture that you could get done with after the rent term is over, and save yourself from buyer’s remorse and owner’s burden as well.

Lower Maintenance Cost

Once the new furniture comes in, you have to spend periodically to ensure they’re in top shape. Any damage is your loss. Practically, this is not a profitable situation since wear and tear of furniture is normal and you cannot always be around to scrutinize how your employees treat office property.

Image via: photopin.com

A good furniture rental company can ease your burden by providing regular maintenance checks on the rented furniture at zero to nominal cost.

The Ease Of Movement

A change in the office address is no news in the start-up environment. Most business owners shift offices in their course of operation, loss due to relocation is no new concept either. Besides the huge cost of transportation involved, there is always the possibility of damage to your expensive office desk and other paraphernalia. Since rental furniture is bound to a term, you can always trade the old in for the new as per your latest office’s design and aesthetics.

Efficient Use Of Capital

A business is not about the furniture alone. There are multiple costs that have to be incurred and those that are comparatively more important than cashing in on office furnishings. As a business owner, when you #SmartlyOwn furniture, you can put the saved capital into other generic set-up costs like:

  • Permit fees, License, and
  • Borrowing Costs
  • Technological and Research Expenses
  • Advertising Cost
  • Expenses On Employees

As a smart executive, you must always plan for the future while paying attention to the finer details, which makes office furniture rental the perfect option. With this, you have the freedom to expand every time your business grows. The absence of investment in heavy furniture costs combined with the fluidity of set rent term, minimal maintenance cost, insurance and ease of exchange make it the most feasible road to take when setting up your business.

*All images have been taken from photopin.com

About Vikas Agarwal

Vikas Agarwal is an IIT-Varanasi graduate in Chemical Engineering. He is the Founder and CEO of Finaacle.com - an investment advisory website. He is a Business Development Professional but a Value Investor at heart. He writes articles on Finaacle, which focus on simplifying the art of investing and the causes of human misjudgment when it comes to investing. He also shares his experiences as an investor and lessons from some of the greatest investors of all time.

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