More and more companies are choosing to avoid traditional offices, instead opting for coworking and serviced offices. Coworking spaces and serviced offices come with everything that companies need to succeed from day one. So, all the stresses of setting up an office are taken out of the business’s hands, meaning that they can focus on the important stuff from the moment they arrive.
VenturePoint serves as a great example of all the benefits of serviced offices. Designed specifically to help facilitate the growth of their members, VenturePoint represents what serviced offices are all about. For instance, serviced offices often provide their members with access to the best technology available, meaning companies can perform optimally at all times. Also, serviced offices are often found in impressive buildings with modern, professional décor designed to impress the prospective clients of their members. Access to meeting rooms and conference rooms in impressive office spaces gives smaller businesses an air of authority in front clients which would be unavailable were they to have leased their own office.
Given the numerous benefits which come with renting a serviced office, people sometimes assume that they must be the expensive option. Fortunately, FreeOfficeFinder looked into the different ways that serviced offices can save businesses money. This means that not only are serviced offices a great option for growing business, improving flexibility and increasing productivity but can also be the most cost-effective option for businesses.
1. Pay for the Office, Not the Facilities
As opposed to renting a leased office, you only pay for the space you really need in a serviced office. Facilities like toilets, kitchens, meeting rooms and break rooms are communal, managed facilities. The serviced office provider takes care of these so that you only have to pay for the desk space/office that you use. This can provide a large saving for businesses, who would otherwise have to pay rent on the whole internal area.
2. Already Fitted Out
When renting a serviced office, you won’t have to worry about chairs, desks, drawers or filing cabinets. In addition, the space will be decorated and can be configured on request. When you rent a leased office, you will need to purchase furniture as the space is typically an empty shell. Fitting an office out can also prove very expensive as build work isn’t cheap, so there is a lot of time and effort, in addition to cost, saved in the process.
3. Outsourced Staffing Costs
Serviced offices often already have employed staff, such as Receptionists and Admin Staff. This means that you can benefit from in-house staff who can perform any ad-hoc task you need (on site) without the need to employ and pay wages for a dedicated person/s for the role. Sometimes, you may need to pay an extra pay-as-you-go fee for support service staff, but this is minimal compared to an actual wage.
4. Flexible Space
Any company that wants to expand takes a risk renting leased office space. They cannot be certain that their company will definitely grow into the space, nor can they be definite they won’t outgrow it. Either way, by taking a larger space to grow into, they will be paying for it (and for a long time, as you are usually bound to a 3 to 10-year contract). Renting a serviced office normally rids you of this worry. Rent the exact size you need initially and the provider will typically allow you to jump to larger spaces in the building as and when your company grows.
5. No Maintenance Costs
Maintenance costs will no longer be a cause of pain once you have moved into your serviced office. When the air conditioning packs in, the electricity goes or the toilet gets blocked, it won’t be your problem. In a Serviced office these inevitable troubles are covered by the workspace provider, meaning you are saving on maintenance.
Although not strictly speaking a money saving point, the opportunities to network in serviced office spaces can provide an extra source of income and help your company’s growth. Serviced offices are packed with a number of small to medium sized growing businesses and the networking possibilities are endless.
Posted by Luis Escobar on 1st August 2018