A virtual office space at Highstone Business Centre in Barnet is the ideal hassle-free, workspace solution – our adaptable and clean virtual office spaces keep you, and your team, working effectively. They allow you the opportunity to create the impression of an established business while avoiding paying a lease on an office. But what are the benefits of a virtual office space? The following article was published on forafinancial.com and looks at just that…
1. Virtual Office Addresses Provide Credibility
Even if you’re capable of meeting your customers’ needs remotely, appearances still matter. Unfortunately, some people may view your business differently if they know you run a remote team.
This is where a virtual office address can be useful. You’ll have a physical address to give your clients, so you won’t appear unprofessional.
2. You Can Work From Wherever You Want
Working from home used to be pretty rare, but it’s become increasingly popular in the past few years. In addition to the COVID-19 pandemic, people are recognising the many benefits that come with working from home.
Having a remote team won’t only save you money, but it can also increase the productivity of your entire team. One study found that employees who work from home are less idle and take fewer breaks during their workday.
Another benefit is that your employees get the flexibility to work wherever it suits them. This will likely keep your current employees happy, and make your business more attractive to future employees as well.
3. You Won’t Have to Commute
If you hate commuting to work every day, then you’re not alone, as one in four employees has quit their job to get rid of their daily commute.
With a virtual office address, you can get rid of your daily commute without letting your customers know you’re a ‘work from home’ business.
4. Receive Business Support
One of the biggest benefits of virtual office space solutions is that you gain access to on-site receptionists and phone services. Plus, the on-site staff can collect, sort, and forward your mail for you.
In addition, you may have access to video conferencing services and executive suites for important client meetings, depending on your package. You’ll gain these services at a fraction of what it would cost to hire full-time support staff.
5. A Lack of Long-Term Commitment
If you signed an office space lease you’d likely have to commit to renting that property for at least a year. This can put your business at significant risk because your options are limited if you suddenly need to downsize.
In comparison, virtual office space doesn’t come with any long-term commitments. You can lease these services on a month to month basis and cancel at anytime.
6. Simple Business Expansion Opportunities
When you work from an office, it can be challenging to make the best use of that space.
Plus, if your business plans to expand, you may start to outgrow your current space. Due to this, you’ll have to decide whether or not you want to upgrade to a bigger location. However, upgrading locations means you’ll have less money to put toward other expansion opportunities.
In comparison, you won’t have these problems with a virtual office address. Since your team is remote, you won’t be limited by your current office space, and you’ll have more money to put toward other initiatives.
7. Availability for Larger Pools of Talent
Working remotely greatly expands your hiring opportunities because it gives you access to a much wider range of candidates. When you work from an office, you’re limited to individuals who live in the area.
8. Run A More Cost-Effective Business
It’s no secret that employee salaries are often the highest cost businesses have to bear. Of course, hiring employees is an expense that can’t be avoided. If you’re in the beginning stages of building a business, you’ll have to find other business expenses to cut from your budget.
By choosing not to lease an office space, you could save yourself thousands of dollars on rent every year. Plus, you won’t have to pay for office furniture, monthly utilities, or administrative staff salaries.
You can read the full article on forfinancial.com.
We provide virtual office space to a number of businesses at Highstone Business Centre where they benefit from access to meeting rooms and have a range of additional services included while making huge savings compared to renting an office space. If you are interested in finding out more about the benefits of a virtual office and the services that comes with it, contact our team today.
If this doesn’t seem like the right option for your business, we are pleased to offer a range of flexible options with our serviced offices to let in Barnet. Find out more about these opportunities and contacting our team today!