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Subjects - How to Find an Office for Your Business
Moving into an office is a big step when you run a small business or start-up, and finding the right premises in the right location and at the right price is a daunting task. Get it right, and your office premises will help you improve productivity, attract and retain good employees and give a positive impression to your customers. But get
According to USFDA, a combination product is one composed of any combination of a drug and device; biological product and device; drug and biological product
it wrong, and you could be left tied into a costly lease with premises that might not suit your needs in the future. Philip Dodson, of Office Planet explains what businesses need to do to find the right office space to meet their requirements.
What Type Of Office Do You Need?
Before you start the search for your office, you really need t
What Type Of Office Do You Need?
Before you start the search for your office, you really need t
; or drug, device, and biological product and fixed dose combination would include two or more combinations of drug.
Examples of combination products may in
Examples of combination products may in
know what type of property will be suitable for your needs.
A virtual office solution will provide you with a total office experience without having to physically lease office space. A virtual office package will typically provide your business with the use of a business address, personalised telephone answering, post handling and forward
A virtual office solution will provide you with a total office experience without having to physically lease office space. A virtual office package will typically provide your business with the use of a business address, personalised telephone answering, post handling and forward
lude drug-coated devices, drugs packaged with delivery devices in medical kits, and drugs and devices packaged separately but intended to be used together.
ing and in some circumstances the use of private offices and boardrooms on an ad hoc basis.
The next type, serviced offices are extremely attractive to new start-ups as a first office or companies that want flexibility in a professional environment. Whether you need to move in for a day, a month or a year, serviced offices can be leased on
The next type, serviced offices are extremely attractive to new start-ups as a first office or companies that want flexibility in a professional environment. Whether you need to move in for a day, a month or a year, serviced offices can be leased on
here is enormous increase in the number of combination products entering the market in the recent years. Combination products have proven advantages but fixe
a short term basis and as there is no capital expenditure required, it’s a low risk arrangement for your business.
There are a range of services that your business will be able to benefit from in leasing a serviced office solution, typically these include:
• Semi or fully furnished offices
• Access to sophisticated telecoms and vo
There are a range of services that your business will be able to benefit from in leasing a serviced office solution, typically these include:
• Semi or fully furnished offices
• Access to sophisticated telecoms and vo
d dose combinations are still in the process of convincing regulatory authority on their advantages over the single ingredient formulations.
Combination pro
Combination pro
ce mail systems
• CAT 5 cabling
• A variety of broadband solutions on terms to suit
• Reception with customised telephone answering
• Secretarial support if required
• Meeting rooms and boardrooms
• Kitchens and possibly catering services
• Mail franking and collection
• Fax and photocopying
• Off
• CAT 5 cabling
• A variety of broadband solutions on terms to suit
• Reception with customised telephone answering
• Secretarial support if required
• Meeting rooms and boardrooms
• Kitchens and possibly catering services
• Mail franking and collection
• Fax and photocopying
• Off
ucts have become life saving products for the pharmaceutical companies who doesn’t have many innovative molecules in their product pipeline and have been inc
ice cleaning
• Car-parking
In a serviced office, your business will also benefit from access to more prestigious addresses and better communications technology than you could possibly afford alone. The growth of your business can be easily accommodated – by taking over extra office suites as you take on more staff, and thus effect
• Car-parking
In a serviced office, your business will also benefit from access to more prestigious addresses and better communications technology than you could possibly afford alone. The growth of your business can be easily accommodated – by taking over extra office suites as you take on more staff, and thus effect
easingly used in the product life cycle management. Even the companies having product patents are trying to extend their product life cycle through the combi
vely managing change within your business as and when it occurs.
The final type of business premises you might want to consider is a conventional office solution. If your office needs to accommodate 25 or more employees or you’re fairly certain of your business’s likely growth over the next few years, then renting a leased office might be
The final type of business premises you might want to consider is a conventional office solution. If your office needs to accommodate 25 or more employees or you’re fairly certain of your business’s likely growth over the next few years, then renting a leased office might be
nation products and maximize the revenues. But the companies involved in this practice are overlooking that they are burdening the patients both economically
he best solution. Whilst it is likely to be a major financial commitment for any small business, and a decision we recommend not to be made without professional advice, conventional office space will give you a more competitive cost per desk rate for larger requirements and the opportunity to customise your office space to match your busine
and physically. They need to rightly judge the benefits of the combination products and they have to even look at the risks involved when combining the produ
ss’s corporate image.
The Right Location
Knowing what type of property you need for your business is just the beginning. Equally important is finding the right location so that your business is convenient for your customers, employees and suppliers - without being too expensive.
Being close to customers is essential for certain businesse
The Right Location
Knowing what type of property you need for your business is just the beginning. Equally important is finding the right location so that your business is convenient for your customers, employees and suppliers - without being too expensive.
Being close to customers is essential for certain businesse
ts. Some of the combination products were well accepted by physicians while others suffered. Companies involved in development of combination products are fi
coupled with the ability to meet clients in an impressive surrounding, so choosing the right building can take time and it is worth considering carefully what sort of address you want.
Certain areas are associated with certain sectors so if you’re a media company you would probably consider Soho versus a niche hedge fund that would look at
Certain areas are associated with certain sectors so if you’re a media company you would probably consider Soho versus a niche hedge fund that would look at
ding difficulty in defining their combination products and facing various challenges from selecting a combination to marketing it.
Following aspects would a
Following aspects would a
St James’s or Mayfair.
To attract employees for your business, the best location is to be close to good public transport links. In addition, being close to nearby shops and facilities will help to improve employee morale.
If your business needs to take a lot of deliveries, then you may need to be positioned close to good road and motorway
To attract employees for your business, the best location is to be close to good public transport links. In addition, being close to nearby shops and facilities will help to improve employee morale.
If your business needs to take a lot of deliveries, then you may need to be positioned close to good road and motorway
dd to the challenges in developing combination products:
Which markets to tap where the combination products can do fairly well?
Which combination prod
Which markets to tap where the combination products can do fairly well?
Which combination prod
links so that your suppliers can deliver a quick and flexible service.
Finally, with most things in life you get what you pay for in terms of locations, hence the better the location the higher the rent will be.
Know Your Requirements
Before you can start searching for your business premise, you should list all your requirements so you a
Finally, with most things in life you get what you pay for in terms of locations, hence the better the location the higher the rent will be.
Know Your Requirements
Before you can start searching for your business premise, you should list all your requirements so you a
cts are meaningful and rational?
Which therapeutic categories to select?
Which Combinations can address unmet needs of the patients?
Do combin
Which therapeutic categories to select?
Which Combinations can address unmet needs of the patients?
Do combin
e clear on the priorities that your office space needs to provide.
Some key requirements you may consider, include:
• How many people do you need to accommodate
• What are your likely growth plans
• How do you occupy the space – individual offices or open plan
• What meeting facilities will you need
• Size and layou
Some key requirements you may consider, include:
• How many people do you need to accommodate
• What are your likely growth plans
• How do you occupy the space – individual offices or open plan
• What meeting facilities will you need
• Size and layou
tions increase the patient compliance?
What would be the developing cost?
How to tackle the risks encountered during combination product developmen
What would be the developing cost?
How to tackle the risks encountered during combination product developmen
of the premises
• Structure and appearance, both internally and from the outside
• Any special structural requirements, such as high ceilings, wooden floors
• Facilities and comfort for employees and visitors - e.g. lighting, toilets and kitchen facilities
• Permission; including planning permission, to use the premises
• Structure and appearance, both internally and from the outside
• Any special structural requirements, such as high ceilings, wooden floors
• Facilities and comfort for employees and visitors - e.g. lighting, toilets and kitchen facilities
• Permission; including planning permission, to use the premises
t?
As combination products don't fit into the traditional categories of drugs, medical devices, or biological products, the USFDA is in the process of devel
As combination products don't fit into the traditional categories of drugs, medical devices, or biological products, the USFDA is in the process of devel
for your kind of business
• Access and parking space - e.g. for deliveries or customers, including disabled customers
• Whether you need the flexibility to alter or expand the premises
• Whether the premises are suitable for your long-term needs or just for the short-term
If your requirements are too specific, you may fin
• Access and parking space - e.g. for deliveries or customers, including disabled customers
• Whether you need the flexibility to alter or expand the premises
• Whether the premises are suitable for your long-term needs or just for the short-term
If your requirements are too specific, you may fin
ping new procedures for reviewing their safety, efficacy and quality.
Professional from academic institutions, pharmaceutical industries, health care indust
Professional from academic institutions, pharmaceutical industries, health care indust
that your choice of premises is very limited or you cannot afford them. It's worth thinking which requirements are essential and which are merely desirable, and prioritising them accordingly.
Starting Your Search
Having decided on what type of office solution will meet your needs it is now time to start your search. Before you set off, c
Starting Your Search
Having decided on what type of office solution will meet your needs it is now time to start your search. Before you set off, c
y and representatives from various regulatory agencies are working out to design the regulatory requirements for manufacture and sale of combination products
lculate your budget including one off costs for items such as furniture and IT equipment as well as ongoing costs like rates and service charges.
There are many ways to find potential office space for your business, one place you might like to start is www.office-planet.net. Office Planet provides a free office finding service by uniquely
.
As there is an increasing trend of the combination products companies manufacturing such products should be able to tackle the problems involved in the de
As there is an increasing trend of the combination products companies manufacturing such products should be able to tackle the problems involved in the de
showcasing real time availability of both conventional and serviced office space. You can search through a database of available properties and create a shortlist of solutions that meet your needs or simply call an advisor at Office Planet who will be able to offer you advice.
It is important, whatever your budget, location or type of spac
elopment. They need to be wiser in analyzing the market trends and the regulatory requirements.
Companies that provide selfless information through particip
Companies that provide selfless information through particip
you want, to seek proper professional advice. If you sign a five-year or longer lease without having assessed everything properly it could cost your company dearly over the course of that lease.
To start your free search to find a premise for your business, visit www.office-planet.net
To start your free search to find a premise for your business, visit www.office-planet.net
tion in industry events and feedback to regulatory authorities would be able to face the challenges and will be successful in developing combination products
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