10 Reasons Why Serviced Offices Are Good For Startup Businesses
August 2, 2013 by Dr. Letitia Wright
Filed under Featured Articles, Front Page, Wright Ideas
10 Reasons Why Serviced Offices Are Good For Startup Businesses
English: Administration Office (Photo credit: Wikipedia)
By Rabbi91
For a young startup business, every penny saved is a penny earned. Money becomes very dear and the thought of splurging for an office is unthinkable. Yet, it’s necessary to meet clients and put on a professional front. That’s where serviced offices come in.
1. The Right Address
For just a few dollars a month, you can actually obtain an office at a good business address, which is bound to impress any client. You can use the serviced office address in your business cards and letterheads for as long as you use the office.
2. Third-party Administration
Serviced offices are fully-furnished and equipped with all the tools and staffs you need to run your business. All you have to do is move in; everything is managed by the serviced office administration, including your calls, correspondence, filling and maintenance.
3. Add-on Facilities
The best part of a serviced office is that you can pay for add-on facilities and services as you require them. For example, if you need a conference room for a couple of days, you can rent it from the administration for that period only, saving you tons of cash.
4. Low Financial Commitment
You get access to the internet, utilities, office furniture, filing cabinets, computers, printers, fax machines and more without having to buy any of these. Compare this to renting a new office and furnishing it yourself.
5. Out-of-office Services
You can travel without having to close the office. The office administration will take care of your calls, handle your client enquiries, take messages and sort out your correspondence. This keeps your business ongoing and gives a positive impression of to clients.
6. Brand Tailoring
You can custom-tailor your office space with your brand’s logo, brand messaging and colors. Branding gives your business an additional edge, making your business more recognizable.
(Photo credit: TranceMist)
7. Flexible Expansion
As your business grows, you can increase your office size and hire your own staff, without the hassle or long-term commitment. Conversely, it’s easy to downsize as well if needed. The utilities are included in your rent, so you won’t be losing out on those if you downsize.
8. Networking Opportunity
A single serviced office block can house several companies. It’s a good chance for startups to meet other like-minded business people and network. You can pick up new clients and leverage your contacts to expand your business.
9. Flexible Locations
Sign up with a large serviced office provider and you can choose your office location based on your needs. For example, you might want to locate near the city center to avail parking and transport or near the airport if your clients are mostly international.
10. Qualified Staff and Tools
Apart from the regular staff, you can ask the serviced office administration to provide qualified, technical staff for specific projects. You can also access expensive software tools for projects as well. This facility provides a great advantage especially when you’re strapped for cash.
Finding Office Space For Your New Business
November 23, 2009 by Dr. Letitia Wright
Filed under Featured Articles, Wright Ideas
When a person decides to start a business venture on his own, one of the very first things he’ll look for is office space. Of course, before this he would have sorted out his finances and decided on what kind of a business he is interested in. Once he has cleared loan and other formalities with the bank, he will commence his search for the ideal location. It is very important to have the office in a locality that has other offices and is close to the main business centers. This will ensure that the office gets noticed, and one can work on developing their business thereon.
The building chosen might be one that is already in place or the businessman could pick up a vacant plot and go about creating his own office space. The former is an easy choice especially when starting out as it will save time in construction and getting the place up and running. This would mean that he will have to rent out a temporary office space till then, spending money on rent. If he is able to close a deal with an existent building and lease it out for a couple of years, he can then move in right away. This way, he will be able to kick start his operations at the earliest and business will be on its way.
Once the building and office space has been chosen and finalized, next comes decorating the place to suit the personality of the owner or employer. It also needs to be professional and reflect the kind of business one is into. If it is completely disconnected, it might not leave a good impression on a person who walks in for the first time. There must a space made out in the front for reception area and for visitors to wait in. Adequate space must also be allotted for meeting rooms and cafeteria. All this will depend on the size of the employee base and the kind of budget one has in mind. The only thing the entrepreneur needs to pay attention to is that he finds a space that can accommodate the employee base he has and sufficient place for all the hardware and equipment required.
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