Making your mark as a startup in Fulham
To get your business off the ground you need the right location. The good news is that you’ve chosen a brilliant city as your diving board: the UK’s capital city and headquarters of one of the world’s biggest economies. A global city with global connections. A population of nearly 9 million providing a talented, energetic and highly-educated workforce. Some more inspiring news for you – 2018 was forecast to be a record year for UK startups. The bad news: with all London’s appeal to startups, comes other startups…So you’ve got competition. And at some point, you’ll need to choose a London base from which to gain a competitive edge – this takes a little bit of research.
All startup professionals will tell you that location is a critical ingredient to the successful new business. Having the right idea in the wrong place isn’t time or cost effective. You need the right people to make your new idea a reality and the right market to showcase them to – none of which come for free. Most entrepreneurs create businesses to become rich. As such, cash resources are often humble even at the most respectable of new companies. This is why its important to set up shop in a location that works for your business both logistically and financially.
If you’re already local to London you’ll know that the banks and big corporate companies tend to establish themselves in busy and thriving central areas. Shoreditch has a cool and quirky vibe that’s attracted a lot of creative startups. Canary wharf and the City are financial centres. Old Street is home to a burgeoning tech scene. But what about the rest of you? Don’t follow the herd and go where everyone else is without considering your options first.
Enter: Fulham. In this post, we’ll be looking at the benefits of moving your startup business to an office space in Fulham – those bustling metropolitan pastures just Southwest of the River Thames.
Support from the local council
Hammersmith & Fulham mean business. The local council have pledged to make it the best borough for business innovation and growth in Europe. They launched a new and free business advice and support helpline (BASH). The aim is to assist local entrepreneurs and small and medium-sized enterprises (SMEs) looking to kickstart or grow their businesses. Alongside this, the council run two large street markets and annual events and awards to celebrate and showcase the most innovative startups. Then there’s the target of supporting development of a more vibrant nightlife in the borough through continued support of Westfield’s expansion. If venues for evening meetings or company parties are a priority for you, then consider that box well and truly ticked.
Value for money
Basing your team in Fulham also brings great value in terms of the cost of office space. Renting an office or coworking space in Fulham is very reasonable compared to other boroughs. You still have strong connections to inner and outer London, with the added benefits of being somewhat removed from the City. There are great local amenities for essential sustenance as well as high streets for retail therapy. Fulham Broadway incorporates underground links with an excellent selection of shops, restaurants, a nine screen cinema and a luxury health club. Parson’s Green offers excellent independent shops and cafes for fresh food and drink with nice spots for strolls with the office dog. Plenty to keep your worker bees happy and impress clients with out of office meetings and lunches. There’s even a whole host of medical and dental surgeries which makes fitting routine appointments around work much easier.
Coworking and office hubs
Another factor in the Hammersmith & Fulham council’s pledge is to provide better and more affordable workspaces for new businesses and startups. Coworking spaces increase your networking opportunities, facilitate regular sharing of ideas and foster a strong startup culture. You may be apprehensive about sharing with others, but this move can provide you with more, for less. Think flexible memberships, hot desks, dedicated desks, private offices, spaces to discuss places to relax – all under one roof. Coworking can be a move that’s smart for your business logistically and financially, all while fostering excellent employee wellbeing and a positive work environment. It enables you to start small, adapt, develop and adjust your membership to work best for your growing business. When we say ‘flexible’, we mean flexible – seriously, we even have routine yoga classes!
Thinking outside of the box is at the heart of the Uncommon brand. This is why we have coworking spaces at multiple sites across London. Each workspace is designed to boost efficiency and reduce stress. Every single detail helps create an environment in which you can feel good about where and how you work.Visit our locations in Borough, Highbury & Islington, Fulham, and Liverpool Street to experience our unique vision of working life in London.