Property is one of the biggest fixed costs for many businesses, after their staff. However, Tej Kohli points out that it is very hard for a high growth company to forecast what its space needs will be several years out. One of the biggest mistakes made by businesses is to tether their ambitions with a fixed five or ten year lease with no break clauses. The solution, advocates Tej Kohli, is to use serviced offices with the potential to scale up or down as required. “Today there are a wealth of solutions that provide businesses with the flexibility they need to avoid fixed leases which may be very costly in the years ahead,” recommends Tej Kohli.
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