10 Reasons Why Small Businesses Prefer Serviced Offices

Modern-day startups and small businesses do not have to worry about setting up an office space. Indeed, renting an office, purchasing equipment, and furnishings, and setting up technological tools can an overwhelmingly challenging endeavor. Entrepreneurs end up taking several loans and financial liabilities to set up an office.

However, when you can get a fully serviced corporate space, you do not have to worry about procurements and corporate décor. Serviced offices have emerged as a popular trend as they help small businesses save money and resources. Instead of purchasing equipment, these funds can be allocated towards the core operations that drive profitability.

It is surprising that many small business owners are unaware of such opportunities. Many startup dreams and visions are crushed by the overwhelming burden of setting up and equipping an office space. This burden can be easily evaded by renting out fully serviced offices that are ready for your team to move in.

In this article, we will walk you through 10 reasons why small businesses prefer serviced offices.

Here, take a look:

 

Centrally Located

Fully serviced offices are always centrally located in corporate and economic hubs. These hubs may be a corporate building, a bustling marketplace, or a centralized neighborhood. Small businesses have much to gain by positioning themselves in a centralized market. The location of a business is a significant influence on its success and its ability to attract customers.

The greatest advantage of a serviced office is indeed its location. Small businesses can position themselves in major marketplaces and neighborhoods that help them establish a reputation for corporate integrity.

 

Greater Affordability

Many entrepreneurs neglect the opportunity of serviced offices because they are perceived to be overly expensive. That is not the case. In fact, fully serviced offices come with upfront costs, which include rental charges, utility bills, IT equipment, and maintenance fees. Renting a fully serviced office Melbourne allows startups to become operational within no time.

On the other hand, ordinary rentals come with a plethora of maintenance, utility, and equipment procurement bills. With fully serviced offices, entrepreneurs simply have to move in and begin their operations. They can also funnel the money that would be spent on IT equipment and furnishings towards their marketing initiatives and campaigns.

 

Rental Freedom

Another impressive aspect of renting our serviced offices is the flexibility and mobility small businesses can enjoy. Rental and lease contracts typically include an agreement for 3-5 years. This is a considerably long period, and it is hard to predict the expansion and growth of a small business.

As a business grows and expands, entrepreneurs seek to move onto bigger offices and richer markets. Serviced offices allow you greater flexibility of renting and moving out. You can expand or downgrade your space as per your business requirements.

 

Fully Furnished Spaces

Furnishing a new office requires a considerable amount of capital. The décor of a corporate venue cements its brand identity and corporate integrity. Business owners cannot ensure productivity and employee motivation with low-quality furnishings. A fully furnished office sets a good impression on clients and business associates.

A fully furnished office allows a startup greater stability and the opportunity to initiate business operations without delay. Entrepreneurs no longer have to spend thousands of dollars on furnishing their offices and enhancing the décor. A serviced office can be likened to a fully-furnished apartment, and it offers immense affordability.

 

No Administrative Responsibilities

Another dynamic advantage of serviced offices is that businesses can delegate their administrative responsibilities to third-party service providers. And the best part is, these services are all included in the rental payment.

Entrepreneurs no longer have to hire additional staff for the reception, customer service, or sales management. The grand reception downstairs will take care of all your administrative needs while you can focus on expanding your operations.

 

No Hassle

In the corporate world, time is indeed the most significant currency and resource. Serviced offices allow entrepreneurs to save valuable time, which would otherwise be spent on moving out, moving in, and setting up. Startups and small businesses typically spend weeks renovating, furnishing, and setting up a new place.

With a serviced office, you simply have to move out and relocate your team to a new venue. In the case of startups, they can simply assemble their teams and get to work. There is zero downtime, and businesses do not have to worry about incurring additional expenses and costs.

 

IT Equipment & Tech Support

Modern-day businesses are powered by superior technological tools and IT equipment. Serviced offices offer a competitive advantage by providing the necessary tech support required by businesses. Procuring tech support and IT equipment can cost startups thousands of dollars.

Many entrepreneurs keep delaying their startup ventures to obtain sufficient funds for procuring the required IT equipment. With serviced offices, startups do not even need to establish an IT department. They have access to on-site IT departments and teams that offer superior tech support and assistance.

 

Maintenance Inclusive of Rent

Remember the all-inclusive rent payment? It also applies to the cleaning and maintenance of the office space. Businesses and startups can save a considerable amount of money that would otherwise be spent on office maintenance. Serviced offices typically come with maintenance and cleaning services as part of the rental contract.

A La Carte Services

In the case of serviced office spaces, entrepreneurs only need to pay for the services that they need. For instance, if you want to expand your operations for a limited period of time, you can rent additional space. If you need a conference room for a day or a week, the rental payments will be made accordingly. You can pick out the services you need a la carte, without having to pay additional costs for longer periods of time.

 

Networking Advantages

Startups and small businesses that are located in serviced office buildings enjoy the superior advantages of networking. They are situated within a corporate hub that houses a diverse range of enterprises and businesses. This allows small businesses to network with similar enterprises and enjoys the benefits of associating with other professionals.

Entrepreneurs do not have to look towards networking opportunities. Serviced offices allow them to be positioned within the industry and be surrounded by a plethora of networking opportunities. Entrepreneurs can easily establish networking relations and benefit from the expertise and business offerings of enterprises around them.

Conclusion

It is important to be aware of the advantages of a startup, or small business can gain from a fully serviced office. These centrally located offices help businesses overcome the obstacles created by the lack of sufficient funding. A fully serviced, furnished, and tech-savvy office space allows startups to overcome financial challenges and focus on core business operations.