Starting and growing a business is tough, especially when it comes to budgeting.
If you’re currently working from home or in a budget space, the idea of moving into a more premium location might seem daunting due to higher rent costs.
But what if we told you that upgrading your workspace could actually help your business scale and grow, making the increased rent worth it?
Let’s explore how an upgraded workspace can actually contribute to your business’s growth and help you overcome the fear of increased rent.
It’s important to differentiate the idea of increasing rent on your home compared to upgrading a business workspace.
When you pay more rent on your home, you’re typically increasing costs for non-financial benefits like more space or a better location.
But when it comes to your business, upgrading your workspace can actually lead to increased profits.
That extra rent can create value for your business by improving your ability to deliver services, increase pricing, and operate more efficiently.
For businesses offering in-person services like hairdressing, beauty treatments, or consultations, moving to a premium location allows you to justify charging more.
Clients expect a higher level of service when they visit a professional, well-equipped environment and are therefore more willing to pay a higher price.
If you’re offering your services from a central, upgraded location with amenities like a lounge area, refreshments, and a professional reception, your customers will see the value.
💭 Think about:
Convenience: Are you in a more accessible or central location?
Professionalism: Is the space more premium for both your personal work area and the surrounding environment?
Client Comfort: Are you offering better parking, refreshments, or facilities like fresh and clean bathrooms?
All of the above give you reason to increase your prices inline with the upgraded service you are now offering.
💡 Tip: You can start by raising prices for new clients and let existing clients experience your new space first before introducing a price increase. After their visit, ask for feedback and then use their positive responses to support your pricing adjustment.
Whether you’re a service-based business that sees clients regularly or an eCommerce store, first impressions matter.
A premium workspace allows you to present your business in the best light, whether that’s through a polished reception area to greet clients or simply being able to operate in a professional setting.
For service based businesses - Businesses like beauty professionals or consultants, having access to professional amenities such as clean bathrooms, a welcoming reception or waiting area, and quality meeting rooms, can provide the foundation for a high-end experience that justifies charging more for your time.
For digital businesses - When operating primarily online and without in-person client interactions, your digital presence becomes your storefront. A more professional and inspiring workspace can enhance the quality of the content you create and share with your audience.
With an upgraded environment, you’ll feel more confident showcasing your business online, whether through videos, photos, or virtual meetings. This, in turn, helps strengthen your brand’s connection with customers and boosts your online credibility.
When choosing the space you’re upgrading too, it’s important to not just think about what this means for your customer, but what this means for you too,
It’s not just about having a nicer space — it’s about what the space offers you.
If we use our Peterborough co-warehouse, Native Space, as an example - our members have access to a fully equipped Native Space Studio where you can take professional-quality product photos, produce marketing videos, or even start a podcast.
Previously, creating content like this would’ve probably meant hiring a studio and buying or leasing equipment.
Having this facility onsite can be a real money saver and should of course be factored into your new budget plans.
Not only does a facility like this save you money but imagine being able to elevate your eCommerce business with better product photography or take your marketing to the next level by creating professional video content.
These are practical ways your business can grow and attract more customers, simply by having the right resources at your fingertips.
If you’ve been working from home or in a temporary space, moving into a professional environment can transform your productivity.
A dedicated workspace can help you focus better, separate work from home life, and give you the motivation to tackle your business goals.
Plus, being around other like-minded entrepreneurs fosters collaboration, learning, and growth.
And if we again, refer to a co-working or co-warehousing space such as Native Space, instead of being isolated, you’ll surrounded by people who are also building their businesses, leading to a support system that helps keep you inspired and motivated
Sticking with the collaborative working model, which is in fact, becoming increasingly popular with small businesses and start ups, (here’s why) this style of workspace often offers more than just space.
Here at Native Space, and at other similar concepts, members experience community benefits and support from networking events, business growth platforms, and other resources that can help them scale their business.
Whether it’s advice from seasoned professionals, a connection that leads to a new client, or simply bouncing ideas off other business owners, there’s value in community.
You’re not just renting a desk or room — you’re joining a supportive ecosystem designed to help you grow.
The key to overcoming increased rent is to see the bigger picture: you’re not just paying for square footage, you’re investing in your business’s future growth.
Every benefit that comes with a premium workspace — from the professional environment and business support to the improved client experience — adds value to your business.
When your business grows because of better visibility, professional amenities, and a more productive work environment, the higher rent quickly becomes an investment that pays off in the long run.
If you’re worried about making the leap to a premium workspace because of increased rent, it’s important to shift your mindset.
Think of it not as an expense, but as an opportunity to grow your business.
The right environment can help you charge more, increase productivity, access better resources, and benefit from a strong business community.
At Native Space, we’re here to help you take that next step and overcome the fear of upgrading your workspace.
Ready to take your business to the next level? 📥 Contact us today and see how our premium spaces can help you take your business to the next level.
