An office space is synonymous with the modern workplace. Countless industries require office space for their business, and while their use is still massive, there are alternative paths to take for many businesses.
A virtual office service is certainly a worth wile enterprise for many businesses and start-ups, as they present many of the benefits of having your own office space while avoiding a few of their drawbacks.
There are several reasons as to why a virtual office may be beneficial for a business; here is our pick of the best:
It Provides a Business with a Reputable Address for Cheap
Many freelance workers or small and independent businesses would like to have a recognisable address for their business, which is exactly what a virtual office provides you with, even though you won’t be using the physical space.
Deliveries and incoming mail can be forwarded here, and you can even hire out conference rooms for meeting when there is a need to meet a client.
Anyone that finds the business online will also notice that it has a reputable address, which can be a deciding factor when browsing for services. This address will be a fraction of the price when compared to using an entire office space, which would come with numerous fees such as mortgage payments or leases.
Short Term Commitments
The majority of contracts and leases involving a virtual office can be given up on short notice. That means you don’t need to wait until the end of a contract to shut things down and move on, allowing for a lot of flexibility when it comes to using various virtual offices.
Automated Services and/or Fully Trained Staff
A business will normally require an employee to conduct the more banal tasks – answering the phone, forwarding messages, organising mail. These are all fully automated services with a virtual office, with answering machines that are capable of answering phone calls and forwarding messages whilst sounding professional.
On the other hand, the virtual office could provide secretaries for your business that work remotely too. They are trained by the provider to deal with standard clerical work such as answering calls and dealing with mail – anything that is expected of a secretary can be fully provided with the virtual office.
Fewer Overheads and Lowered Costs
How much you need to spend on your business can directly affect how successful it is. For example, a small business that doesn’t require a full office space will be paying additional fees for an overhead they don’t really need, along with any wages paid for staff and rent.
These can greatly increase your annual overheads, which in turn will reduce any profits you are hoping to make. The services offered by a virtual office can reduce the amount of overheads you have from the beginning, allowing you to invest your finances towards other aspects of the business, such as marketing.
Reducing the costs of many aspects of a business is a great way to save a great deal of money, and is one of the most alluring features of a virtual office.
It Avoids Geographical Restrictions
Does your business require a presence in another part of the world? A virtual office allows for the opportunity to operate a business or part of the business in a country that you are not even present in, which opens up a massive new market without the costs associated with geographical expansion.
This can be great for those who are independently running their business on their own from their homes.
It is a Good Way to Test the Potential of Your Business
Any business that might require expanding into an office space runs the risk of stretching their resources too far too soon. A virtual office provides the chance to test the waters for your business, and should it prove fruitful, you can assert that is will beneficial to upgrade into a physical office.
Once you know your business has taken off, you can begin to invest more money towards expanding whilst reducing any concerns regarding this.