No Monthly Office Rental Fees
Arguably the biggest cost-saving benefit of obtaining a virtual office is eliminating the price of high rental fees often associated with acquiring a serviced office. With a virtual office, you can maintain a professional business address at a fraction of the cost of renting a physical office location.
Virtual offices are generally paid for monthly and on a rolling contract, unlike having to pay for annual leases with a serviced office. This means that you will also avoid the sting of cancellation fees by renting your virtual office on a month by month basis.
Productivity can often be decreased when renting a serviced office space, with the increased need of internal staff meetings, along with the bustle of telephone calls and general office conversation. Business efficiency, however, is vastly improved with the introduction of remote working.
By acquiring a virtual office, you are allowing yourself and your staff to work remotely in a comfortable environment of their choice, more work is likely to be completed at a faster rate.
Less Equipment and Overheads
When working remotely and investing in a virtual office, the need for essential office equipment is removed as you can work from the comfort of your own home. Office furniture and equipment, general stationary and computer hardware and accessories can rack up a bill of thousands of pounds before your business is up and running.
Investing in a virtual office can also reduce the need for the number of employees you hire. Often, remote workers will employ outsourcers on a fixed fee to complete tasks such as blog writing or content creation. Such outsourcers will not require for you to produce a computer or internet for them to work on, as they too will likely be working remotely.
Commuting to and from an office every day can quickly rack up fuel costs and/or travel expenses if your preferred method of travelling to work is via public transport.
Working remotely will not only allow for you to save money on travel expenses, but you will also save time by removing your commute time from your work day. If you wanted to, this could allow you to work an additional 1-3 hours per day.
To conclude, investing in a virtual office can ensure your start-up business costs are kept to a minimum at what can be a very expensive time in your company’s progression. By removing the need for mass equipment and expensive office rental fees, you are likely to keep your overheads to a minimum whilst you focus on increasing your business revenue.
If you’d like to find out more information about our virtual office facilities, or to book a tour of the Park drop us a line or phone our offices.