Many entrepreneurs are faced with the decision of whether to use a serviced office or virtual office, but which is right for you? A serviced office gives people an on-site work space that they can rent by the day, week, month or year. This service provides access to conference rooms, meeting space and other amenities on site. As opposed to a virtual office solution where your company does not have its own address and phone number until it has more established itself in business. There are advantages and disadvantages of both services.
The value of an office is more than the work that gets done in it or the people who work there. An exclusive address in a well-known location gives businesses legitimacy and clout, which drives competition and rent increases at these prestigious addresses. As remote working becomes increasingly popular for companies, many are opting to lose their offices but keep this valuable address so they can maintain some level of prestige among clients when necessary.
When it comes to the future of work, organisations around the globe are continuing to consider what’s next for offices. Flexibility is key in today's working environment and there are a number of options available including serviced or virtual (remote) offices. Downsizing office space has emerged as more businesses adopt remote workers while many small companies and entrepreneurs don't have sufficient funds - they can go with either serviced/virtual spaces instead!
If you’re in business and re-evaluating your office needs, there are a few options to choose from. A traditional office is great if it works for you but a co-working space may be better depending on what kind of environment suits your personality best.
Co-working spaces that offer shared workspace and conference rooms to people who want a professional working environment at lower cost than most dedicated offices is a great option. These typically have all the amenities of any modern building with high speed internet access, coffee machines etc., as well as other perks like networking opportunities through events held onsite (some even come equipped with beer taps). While this type of setup has its benefits – namely community spirit amongst colleagues - it may not provide everything some businesses need: privacy being one major concern because these spaces tend to be open plan.
The benefits of renting a serviced office include many advantages that are similar to having your own traditional space, but without the associated costs. These services can be offered with flexible terms and options for varying situations such as short-term rentals or long term leases.
If you would like an office space where your business can meet clients, access to conference and meeting rooms with state-of-the art technology, and a flexible lease without long term contract then renting serviced offices could be right for you.
A virtual office is an ideal choice for entrepreneurs who plan to work out of a home but still want maintain the professional image. It provides you with address, secretary, and call handling service that includes message taking while working outside your business place.
With a virtual office, you have access to all of the perks that come with working in an actual physical space: private offices and boardrooms. You also get complimentary use of co-working desks if they're available at your preferred location. Plus, there's no need for any security deposit or contract; it’s month-to-month!
If this sounds like what you are looking for, then consider signing up with Excen today. If you're ready to get started with a virtual office, our packages are here to support your new way of working remotely.
Whether you’re working remotely or have started a side hustle, our virtual services have something for everyone. It’s the office you have when you don’t have an office, projecting a professional business image without the cost. As leaders in the virtual office market, we offer arguably the best value virtual receptionist, corporate address and landline with our virtual office packages in Crows Nest, North Sydney. Find out more here.