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Every small business owner and entrepreneur hopes that their business will grow and expand to many profitable locations. Even though the prospect of expanding is exciting, its reality can be scary and complicated. From the hefty cost of securing new office space and hiring new employees to the uncertainty of the whole process, this can be quite a stressful event. However, it is the right move, and you should run with the opportunity.
If you are worried about how you will find and afford new office space that will fit your employees, we have a solution for you – virtual office space.
What is the Strategic Value of Virtual Office Spaces for Small Businesses?
Here are some of the reasons why small businesses should consider using virtual office space.
Up to 10% of the expenditures in small business are associated with their office space. This includes such things as rent, network bandwidth and utilities. With virtual offices, all these expenses are catered for by the provider, which is a huge benefit to businesses that rely on permanent office space.
LOCATION AND PERCEPTION
Just like in real estate, location is king. The site of your business has an impact on your brand perception. Most virtual office space is located in areas that garner great brand recognition and perception.
MAIL RECEIPT AND FORWARDING
As a small business owner or entrepreneur, you are always on the move, seeking new ways to grow your business. This makes it difficult and sometimes impossible to receive and reply to your mail. Delayed responses to important mail and notices can be detrimental. Virtual offices give you the ability to receive notifications when mail arrives and then have urgent mail forwarded to your specific location, which makes it easier to run your business on the move.
LOBBY GREETER AND RECEPTIONIST
Most small businesses and entrepreneurs cannot afford to hire receptionists. So, should you hire a virtual assistant? You will be pleased to know that most virtual office spaces come with professional receptionists and lobby greeters to provide administrative support and answer enquiries.
PEER COLLABORATION AND NETWORKING
Virtual office spaces give their members the chance to interact with like-minded business owners and entrepreneurs and to gain a social connection or even help them get feedback on their ideas. These connections are also a good primary market for your services.
PROFESSIONAL OFFICE SPACE
Virtual office spaces provide all the necessary tools and amenities to ensure that members are productive and that meetings are effective. These amenities include wireless internet, food and beverage catering and audio and presentation capabilities.
With virtual office space, you have access to meeting room space on demand. The meeting room/conference room is well equipped with the latest technology needed for a productive meeting.
FASTER EXPANSION & GREATER AGILITY
Virtual office spaces allow small business owners to easily acquire office addresses in new locations, hire a virtual assistant and have meeting rooms in those locations.
TALENT ATTRACTION & RETENTION
Virtual office spaces allow employees to achieve a work-life balance by cutting back on commute time and the traditional 9-5 schedule.
How Virtual Office Space Can Help You Expand Your Business
ESTABLISH A LOCAL FOOTPRINT
Virtual offices allow small businesses to get a professional business address in well-known districts in different locations without even having to work from that location. This is a quick and easy way to break into a new market.
TARGET A NEW MARKET AND BUILD YOUR NETWORK IN A NEW LOCATION
Having a local address gives your brand some credibility in that location. This is an easy way to acquire customers in a new location. Additionally, you can even host potential clients in fully-equipped meeting rooms, which builds your brand perception.
Get a Virtual Office with Officescape
If you are looking to expand, virtual offices offer an easy and cost-friendly solution. You do not have to worry about the cost and hassles associated with expanding into new locations. Contact Officescape today to learn more about our virtual offices or to book an office. We have fulltime and on-demand offices with access to fully-equipped meeting rooms.