13 May, 2019
Why strain your business in its startup phase while you can operate it as a fully-fledged office with minimal strain?
The business landscape is changing quickly and there are flexible solutions to help start-ups and small business run at a low cost. Your business stands to benefit a lot from virtual offices business model.
How will your business make the most of virtual offices?
Operating a startup or a growing business can be way easier when using a virtual office service since it removes the administrative and image challenges that small businesses face.
You can leverage on virtual offices operator resources to scale up and win customers confidence. Learn more about virtual offices here.
1. Improved Corporate Image
Your company’s image has a significant role to play in the success of your business. It’s, therefore, important to mind how potential customers perceive your business.
Many potential customers will be hesitant to work with you the moment they learn that you work from home. A virtual office will give you the opportunity to place a high-end location office address on your website and business cards.
A prestigious office address improves your corporate image and makes clients view you as a serious company.
A virtual office can also help your company get established in locations associated with your industry. Such a location makes it easy for customers to find your company.
2. Reduced Overhead Costs
With virtual offices, you don’t have to spend money on office equipment or purchase anything upfront. High overhead costs can easily cripple your business leaving you with little money for general upkeep and wages.
A virtual office helps you spend less on setting up your business. This will give you emergency money to help your business stay afloat in the event something unexpected happens.
3. Access to Critical Business Facilities
When starting a new company, you will need some facilities such as boardroom, which are quite expensive to set up.
When using a virtual office, you’re able to access all these facilities on the pay-as-you-use arrangement. This arrangement will save you a lot of money and still improve your image.
Apart from facilities, you can also access important services. For example, if your business needs a one-time, big quantity of copies you can use the virtual office machine at a fee.
Many virtual office operators have the facilities and machines needed to run a fully fledge office.
4. Easier Multitasking
The virtual office assists businesses to perform many tasks simultaneously. This is because most virtual office operators provide services such as opening mail and answering telephone calls.
Their employees answer your phone calls in a professional manner, forward calls to you and take messages when you’re not available. Therefore, you don’t have to hire full-time staff to handle such routine tasks.
Having access to reception courtesies not only helps you multi-task but also boosts your corporate image.
You now don’t have to worry about missing potential customer calls because you’re assured someone will take a message for you.
5. Ease of Expansion
With proper management, your business will start experiencing growth and development. What do you plan to do when the time for expansion comes knocking?
If you’re operating from a traditional office, the expansion will mean construction of new infrastructures and this requires more money and space.
However, if you’re operating from a virtual office, expansion can be done at fairly lower costs.
You may have to employ a few more staff if necessary and boost your online presence to reach more customers. This expansion will cost you even less if your business is efficiently integrated with technology.
6. Increased Flexibility
You don’t require much to set up a virtual office and this makes it a very flexible option when it comes to changing location.
This is why you don’t need a long-term lease agreement when renting a virtual office. This means when your business is facing financial challenges, you can easily cancel your lease agreement until you recover.
Most virtual office operators have flexible contract terms. This gives the freedom to add or remove a service. You can request for change of terms to fit your needs.
7. Helps to Build Credit
Do you know you can be refused credit simply because your office lacks a physical address? Meeting compliance demands from suppliers, creditors and lenders isn’t always an easy task.
However, a virtual office makes it possible to link all your company information to one address making it easy to bypass certain requirements relating to the physical address.
8. Great Way to Test Run Your Business
A virtual office gives you an opportunity to test the water in a prudent way. Starting a business requires capital and takes time before you start getting a return on the money you invested.
Are you willing to take the risk of signing a long-term lease agreement without knowing if your business will thrive or not? To reduce this risk, start with a virtual office.
With a virtual office, you can channel your capital to fund income-generating activities instead of purchasing liabilities such as office equipment.
This means you will have more money to spend on functions such as marketing, which will boost your business presence in the new market.
9. Helps to Overcome Geographical Challenges
Some businesses employ talents from different geographical locations who work remotely.
Having a permanent office for all these employees won’t make sense, but a common address, location for board and client meetings is important.
They are also companies that all their employees work from home but they still need some administrative support from virtual office operators.
10. Helps to Keep Your Personal Address Private
Many start-ups operate from home and this helps them save money. Unfortunately, you’ll be required to give all your clients your home address by sharing it on your website.
Welcoming all your clients and suppliers to your home exposes your family to a security risk. The virtual office helps you to keep your home address private.
Virtual Offices Help Businesses Streamline Their Customer Services
Virtual offices offer an opportunity to streamline administration and customer service tasks, giving you time to focus on the core functions of your business.
You can run your errands without worrying if you’re are missing important orders, letters or payments.
Are you looking for a London virtual office for your business? Contact us today.