Are you looking for ways to improve your business productivity and profile by having your own office? Or have an office which simply isn’t working for you?
There are two main options to consider. Utilising a Serviced Office solution or establishing a Traditional Office space. Let’s consider the features of both and find out the best option for you!
Furnishings & Renovation
Serviced Office spaces are ready for you to move in. The spaces are pre-furnished and decorated, so you don’t need to worry about organising or designing the space. This solution offers a stress-free process and allows your business to start accepting clients soon after you’ve moved in. You are obviously free to add your own touches to personalise the space.
The Traditional Office solution will require you to acquire furnishings, and potentially utilize the services of a decorator, to get the space ready to accept clients. This process can be time-consuming and expensive.
Contract & Spaces
The Serviced Office solution offers a flexible contract and different sizes of spaces. This is a good choice for those start-up businesses, to start running their business with an affordable cost or for those temporarily relocated companies to settle down quickly. There is availability to increase or to decrease the size of the office with changing business needs, without having to change your address.
The Traditional Office spaces usually offer long-term contracts and less flexibility on the lease term. If a business doesn’t go well you will still be paying out the rent even if it’s unaffordable.
Utilities & Other Expenses
In a Serviced Office, all of the utilities like electricity, water, gas, cleaning, building insurance and maintenance are included in the rental cost. You can also opt for IT and Telco packages in your service agreement. All of these expenses are included and within your budget, and as Serviced Offices are pay-as-you-use, so you never have to rent it for more than you need it.
The Traditional Office requires you to set up and handle all utility costs yourself, which can add up financial, hence increasing the overall cost, and take time to administer.
Prestigious Business Address
Using a Serviced Office space is a great option if you want to work in a prestigious location with a budget rental cost. A good company location can help to increase the image of your business.
The Traditional Office spaces, located in the CBD area, are more suitable for large and established companies, as office spaces are seldom available for short periods of time, and if so at a considerable premium.
Dedicated Support Team
The Serviced Office solution is fully staffed by receptionists, servicing all the businesses that share the space. It allows your business to project a professional image to your clients, without the cost involved in acquiring a dedicated receptionist. Their receptionist handles your incoming clients at no extra cost, efficiently and professionally.
A Traditional Office space will require that you employ a permanent staff member just for the receptionist role if you seek the right image. In addition other staff need to perform additional duties such as cleaning, utility and IT checks, adding non productive wage expenses.
In conclusion, while the Traditional Office solution may be appropriate in some instances, the Serviced Office solution is by far the best option for a new and small business, hoping to project a professional image without many of the costs involved. Serviced Office solution costs are predictable and safer for a start-up regulating cash flow and maximising the benefit gained for the money spent.
If you are interested to find out more, contact Jacquii at Wilkin Group today on (08) 7071 7071 or firstname.lastname@example.org. Whilst based in Adelaide Wilkin Group have affiliates in other Australian cities.