Should Start-Ups Buy or Rent Furniture?

The start-up industry is booming across the world today. As a start-up there are many expenses that need to be incurred to scale growth of the company. That is why many start-ups with fewer employees don’t even buy an office space. Instead, they rent it from spaces such as We Work that offer everything from cubicles to conference rooms. But places like these charge per person, and this option may not always be feasible.

So, if you have chosen to rent a place and are looking to cut expenses in other areas, then you should consider adding rent office furniture on the list.

Rent Vs Buy

Buying office furniture makes sense when you have bought your office space and are looking to stay put for the foreseeable future and hire many employees. However, if you have fewer than 10-15 employees, move around a lot for work and your client, then to rent furniture is a better option.

Here are a few reasons how start-ups can benefit from renting furniture:

You can rent everything

You can rent everything your startup could possibly need so the cash flow can be used for other aspects of your operation. When it comes to furniture – you can rent office chairs, tables, kitchen essentials including coffee makers, AC, etc. You can also rent laptops and desktops. Instead of spending almost a lakh on a Mac Book, you can rent it for the time being starting at Rs.3,000 for a week. It may not be a feasible option for the long run, but you can certainly use this option for specific projects.

Renting is economical

You can rent furniture on a monthly basis at low costs starting from Rs,500-Rs.1,000. Depending on what you are renting and how much you are renting from the same place, you can even negotiate the price with the renter for a package deal.

Ideal for short and long-terms

You can rent for however long you need without the need to sign contracts for a year. Unlike renting a house where many renters require a 1-year minimum stay, renting furniture does not have such requirements. You can rent on a monthly or yearly basis.

Renting is hassle-free

Renting office furniture is extremely hassle-free. You will get doorstep delivery of your rental. If any furniture needs to be assembled, the renter will send a technician to handle it without you have to put anything together yourself. You can even book your furniture rental online without having to leave your office, allowing you to focus more on your business.

Returns are convenient

When you have decided to return your rental and choose to buy furniture, the renter will pick up the furniture, again from your doorstep without you having to arrange any delivery.

Ultimately, whether you decide to buy or rent furniture depends on how much cash flow you have and what you consider a more convenient option to carry on your day-to-day operations.

Eileen Conant

Eileen Conant is a freelance business writer who also dabbles in painting on the side.

Should Start-Ups Buy or Rent Furniture?