Are You Starting a New Business? Here’s Three Reasons to Choose a Serviced Office

Starting a new commercial venture is a huge undertaking. Numerous aspects need to be considered to ensure its success. Oftentimes, it requires a large investment. This is because every step made has a corresponding cost. Everything from creating a marketing campaign to purchasing necessary equipment requires money.

The business premises are no exception. Since you’re getting started, an office will undoubtedly be your first port-of-call. Unfortunately, finding one for a good price is never easy.

Traditional office spaces provide freedom. However, they do have some pitfalls. Majority require huge deposits and long-term contracts. As a start-up, the stability of your venture has yet to be tested. You’re situation is precarious; you’re small business can be prone to failure . Thus, it’s important that you don’t rush into signing a 10-year lease. If your business fails to take off, you could be left with some serious debt.

Serviced offices provide a solution. Outlined below are three benefits showing why this type of workspace is a viable alternative:

1. Save money on upfront costs

Opting for a traditional office space will bleed you dry. Not only will you to commit to a contract, but you’ll also have to spend for furniture, telephone line rental, internet wiring and décor. In a serviced office space, these overhead costs are already included in the rent. In addition, you’ll have access to pay-as-you use facilities like meeting rooms. There will also be operators who’ll maintain the premises. You no longer have to worry about hiring cleaners or clerks who can answer the telephone.

2. Setup in a premium location

In business, projecting the “right image” is crucial. Part of this is having a suitable office address.

Serviced workspaces are typically located in upscale commercial areas. If your operations base is located in a premier space, potential clients will perceive that your company is trustworthy. This is a boost to your credibility. Heck, you wouldn’t choose a such a location if you weren’t serious about conducting business.

Say you’re an experienced entrepreneur who plans to open a chain of shops in Southeast Asia. You’ve decided on the Philippines since there is huge market potential for the products you’ll be launching. Instead of

About the Author:

Loren Maluenda is writing in a freelance basis for Regus,  a global company catering to office space needs of clients in almost 100 countries. Apart from having a wide range of suitable workspaces, start-ups can also take advantage of other useful services such as hot desking and virtual offices.

you decided to head south. Cebu has a growing economy so you that was your pick.

Now this thriving city has plenty of commercial spaces. But if you want to exude an aura of prestige, select office space within Cebu Business Park. This premier address doesn’t just provide great networking opportunities. Facilities for recreation also abound. Specifically, Ayala Center Cebu has many of events and activities in store for visitors.

3. Accommodate expansion and contraction

One of the reasons start-ups use serviced workspaces as a starting platform is flexibility. For starters, you can enjoy short-term letting agreements. These vary from a month to a year. During this time, you’re given the freedom to expand or contract the size of your premises to accommodate your needs.

If your commercial venture takes off faster than expected, this kind of office can cope with changes. Building operators will strive to ensure that their property adapts, even to the extent of knocking down walls.

See to it that you have a sound business plan before you begin searching for a serviced office. The specific details included in it will serve as a reference. If you intend to set up an enterprise abroad, look for an agency with properties in your desired location. And if the Philippines is indeed a prospect, we can be of great help.

About the Author:

Loren Maluenda is writing in a freelance basis for Regus,  a global company catering to office space needs of clients in almost 100 countries. Apart from having a wide range of suitable workspaces, start-ups can also take advantage of other useful services such as hot desking and virtual offices.