The world of the typical 9-5 job in the stereotypical office cubicle is long gone. Companies and employees have greater freedom now to explore different working patterns and locations. In addition to this, there are also many newcomers and start-ups that can’t rent out those familiar office settings. This increased diversity of needs means that there are greater calls to provide a range of different solutions. That is where serviced offices and virtual offices come in. These alternative set-ups can provide the perfect work environment for modern entrepreneurs and employees. The question is, which is the best approach for your needs.
Serviced offices are a convenient compromise for many professional, flexible workers
There are some providers out there that offer offices, or executive suites, that provide all the staff, equipment and furniture that you need to get started. You would get your own little space where you can run your small business, and there may even be a receptionist to take your calls. However, these suites come on a short-term, flexible plan. The benefit of this approach is that there is no major commitment, but you still most of the perks of a fully-fledged office. The business has more room to grow and develop thanks to the support on offer and the quality of the technology. But, you also have the freedom to move on and upgrade when the time comes. There is also the likelihood of reduced fees in this scenario. Therefore, this is a good choice for those on a tighter budget.
Virtual offices are a way for work-from-home businessmen to step up their image and opportunities
The potential downside of a serviced office is that it is still too much like a traditional office situation. The suites, access to conference rooms and on-staff receptionist might be a big leap for those starting out from their bedrooms. Access to a virtual office may be a more comfortable step forward. Here new companies get a business address and access to some communication, admin and message taking tools. There is a receptionist ready to manage your mail and take your calls, but they aren’t sat at a desk across the room. They can offer a helping hand while you continue to work from home.
The upside here is that idea of gradually building a brand name and reputation. You can walk before you run as you manage your ideas and clients. This also comes at a pretty low cost with monthly renewals. This makes a lot of sense for newcomers ready to take that next step. The downside is that this approach may only offer so much. There are some virtual office providers that will offer access to a private office or boardroom. This means a professional meeting space as needed. But, it is not your office space. Serviced offices have more of a professional feel.
The main advantage to both of these solutions is the cost
There are pros and cons to each of these solutions, but they both have something in common – low costs. A traditional office space is far too expensive for many new business owners. Rates and fees can soon add up and cut into a tight budget. Furthermore, those long-term contracts may be too much of a commitment at this stage of the game. A short-term lease in either a serviced or a virtual office space will lessen that strain. You can renew the contract as needed and plan on a month by month basis. This allows for adjustments and upgrades as the company grows, or perhaps a step back in case there is a costly month or a bump in the road.
Take the time to research the potential advantages and disadvantages of both options for your business. Serviced offices can seem like a big step up for new companies, but they do provide plenty of tools for growth. Virtual offices may be more comfortable and familiar, but might not have the scalability you need. Consider your best option and take things month by month. With the right choice, your business could develop in the right direction.