Ready to Get Started?
As a sole practitioner, one of the business challenges is finding the ultimate location to serve the local clientele. It often comes down to joining an established practice or going it alone and committing to a leased office space. However, there are other options, shared office space and the virtual office solution.
Finding the Best Office Solution for Your Independent Counselling Practice
Working in a Facility with Other Professionals
The advantage of an established practice might be the referrals received from other practitioners and the socialization that comes from working alongside like-minded people. A disadvantage might be the higher cost of a medical suite and the revenue-sharing agreements common in such facilities.
Full-Time Office Lease
Another option is a full-time lease of your own office space. This will likely save overhead costs and eliminate any revenue sharing. Long term office leases require a long-term lease agreement. Five and ten-year lease terms are not uncommon. The lessee is obligated to make all the lease payments, and exiting long term leases can be very difficult and costly, if possible, at all. For a new business, landlords often require a personal financial guarantee, exposing your personal wealth. You will also be required to renovate the space as they are rarely suitable for the use, install features like CAT 5E Ethernet, Wi-Fi access points, furniture, Kitchen with appliances, coffee service, phone system, Multi-function copier. Depending on the use, the list could go on and on. You will also be required to manage the day to day operation maintenance and repair of the office, adding to non-productive responsibility.
Full-Time Office Rental in a Business Centre
A better alternative might be a full-time office in a business centre. This option includes all the benefits of a full-time office, but it does not require a long-term lease commitment, includes all the furniture, infrastructure, café, reception and conference room. Business centers can be upscale, so the client feels more comfortable and less anxious than they might in a traditional medical setting. A disadvantage might be that a business center may not be able to support all counselling activities. If specialized equipment or if a medical procedure is involved, business centers may not be able to accommodate the practice.
Office on Demand, Or Virtual Offices
Yet another option might be the use of an office on-demand or a virtual office. This office solution has all the benefits of a full-time office in a business centre, except you only pay a modest monthly subscription fee, which could be as low as $50 per month. This option allows the client to use the business address for websites, correspondence and marketing material. This is very important as it shrouds your personal address for security reasons. Office on demand allows the practitioner to either reserve an office on a regular schedule say every Monday from 2:00 PM to 5:00 PM, consistent with your schedule, or reserve an office on demand prior to arrival. This option provides all the benefits of a full-time office in a business centre but eliminates all fixed office overhead. One challenge may be accommodating evening or weekend meetings since most business centers operate during regular business hours only. This option is particularly attractive to a practitioner that is new to the field, that wants to keep variable expenses low during the early stages of a new opening. The business can grow into a full-time office when demand justifies the higher monthly overhead. Adding staff is easy and can be accommodated in real-time.
Another consideration is rather than one location, create multiple locations in various communities. It’s possible since your overheads are variable, you only pay for use, and therefore can manage your costs in line with local demand.
Contact Officescape to Find Office Space That Suits Your Practice
Counselling Practitioners have more options than ever to deliver services to the local community. The array of venues that are available ensure that there is an optimum solution for any situation. Reaching out to the various providers often leads to bespoke services that meet the business needs exactly. If the situation should change, the practitioner has the confidence that the virtual office can change to meet the business reality, be that growth or constraint.
When looking for an alternative to a traditional office, consider a full-time office, an office on-demand, or a virtual office from Officescape. Contact us today to discuss which option will best suit you.