Quite effectively, a serviced office saves you from unnecessary and heavy capital expenditure, and lets you use your resources towards building your actual business. In the beginning years, and at any time, optimization of resources is the key to effective business execution. A serviced office helps you optimize your costs and overheads. It frees you from many financial as well as legal hassles, which otherwise eat up time, money, and attention and distracts focus from core business development.
A serviced office is also called an executive suite or a business center. Typically, serviced offices are fully equipped and come with both dedicated equipment as well as equipment that can be used in common with other tenants. Shared resources can range from Photocopiers to reception services and helps the tenant to optimize costs as well as acquire a prestigious business address.
A Serviced Office Has Many Advantages
A serviced office has many advantages over traditional offices unless you are running a big business house and really need that company-owned office space to house employees and special equipment. Even big business houses are known to rent space in business centers in remote locations, or in new market territory where immediate or heavy long-term expenditure would be unwise. The principal advantages of a serviced office include:
1. Resource savings: The prime charm of using executive suites is in the offerings of shared resources that cut down personal business costs to a fraction of setting up a traditional office.
2. Prime business address: Executive suites are usually located in prime business areas and allow you a base of operations for your business that otherwise would have been unaffordable or unavailable.
3. Advanced equipment: A business center can and does use heavy duty advanced business equipment, which would under ordinary circumstances be unwise investment for small offices. Presence of better business equipment in serviced offices allow a tenant to process occasional work in-house rather than sourcing it to external vendors.
4. Instant start-up: A business center provides an enormous initial start-up speed for a business. Setting up traditional offices is usually a time-consuming process, but in a business center, you can just move in and start operating from the next minute.
5. Shared staff: Most s executive suites employ office secretarial staff and receptionists whose service can be availed at a fraction of the cost of hiring a full time employee. Usually such staff is also more adept than the average in-house staff, since they cater to a greater variety of employers and clients, and also have the chance to hone their skills through a greater number of client interactions.
6. Flexibility: A business center provider helps you try out different office locations as well as allowing you the option to gradually acquire more facilities at the same location or spread out through different locations. There is no long-term agreement and fixed annual rent system. Most executive suites have many modes of payment according to provided facilities and allow you to pay by the hour, day, week, or month according to the facility used.
Where the situation allows the use of a serviced office, it is usually a better option than setting up a traditional office with unnecessary investment and cumbersome legalities.