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This is section 3 of our “How to start a business in Malaysia guide” and is also an excerpt of our free ebook. Download this guide as an ebook here.
Section 1: Business Funding
Section 2: Company Setup
Section 3: Office Setup
Section 4: Human Resources
Section 5: Software & Applications
Section 6: Website & E-Commerce
Section 7: Shipping & Logistics
Section 8: Advertising & Marketing
OWN VS RENT
You may consider starting a business from your own home as renting an office will eat into your profits in the beginning.
However, some businesses will require you to have an office space, so choosing a right office location and type is an important step to take.
It’s almost always a good idea to consider renting instead of owning outright at first. Purchasing an office space will limit your options to expand (or even ceasing operations) in the future.
CO-WORKING VS YOUR OWN UNIT
Co-working space is a trend in recent years and it is a good option for start-ups with smaller teams.
Consider renting your own unit when you have to expand your workforce in the future. You’ll notice that naturally as your business grows.
Keep in mind of maintenance costs when renting an office unit, e.g. renovation, furniture, CCTV, aircond, Internet, utility bills, photocopier, pantry supply, office cleaning, and more.
Most of these are likely to be covered by a co-working space, but it makes sense if you need a private office unit for the long term.