Getting your own business premises can feel like a huge milestone - but it can also become an expensive mistake if you don’t fully understand the costs, commitments and practical realities involved.
This practical workshop is designed for businesses considering taking on commercial premises for the first time, expanding into a larger space, or exploring alternatives to working from home.
We’ll cover:
- Different types of commercial premises and what may suit your business
- Understanding leases, licences and rental agreements
- Hidden costs businesses often overlook
- Business rates, utilities, insurance and fit-out costs
- Deposits, legal fees and upfront cash requirements
- Planning permission, licences and compliance considerations
- Negotiating with landlords and understanding lease terms
- Common pitfalls and expensive mistakes to avoid
- Alternatives to traditional premises, including coworking spaces, studios, shared retail, market stalls and subletting existing space
We’ll also explore how premises decisions can affect cashflow, staffing, customer experience and long-term business growth.
Whether you’re considering a shop, salon, office, studio, café or workshop space, this session will help you better understand your options before committing financially.
Please note: This workshop is for businesses based in Edinburgh & The Lothians only. Slides and materials will be shared with attendees only after the session.