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In tough economic times, small businesses’ ability to adapt to the changing economic conditions will determine the strength of their business going into the next economic cycle. Switching from leased office space to serviced offices is one way to increase your flexibility and “nimblenesss.”
You can maintain a healthy cash flow and concentrate on growing your business by not simply working in the day to day.
One option available to small businesses is moving from a leased office to a serviced or virtual office. Serviced offices allow companies to rent space in prime locations without being locked into a long commercial lease or commit heavily upfront. Similarly, a virtual office creates an office presence allocating businesses an office address, phone number and office support—e.g. call answering—without the cost of renting office space.
Servcorp offers the world’s finest serviced office and virtual office solutions. Founded in Sydney in 1978, Servcorp now operates in 60 prime locations throughout Australia, New Zealand, Japan, China, South-East Asia, India, Europe and the Middle East, including the prestigious Chifley Tower in Sydney; Shiroyama Trust Tower in Tokyo; Emirates Towers in Dubai and the Louis Vuitton Building in Paris.
Servcorp Executive Director Taine Moufarrige says: “Serviced and virtual offices take the cost and the hassle out of establishing or growing your business so that you can focus on your product. It is that simple. Serviced offices such as Servcorp’s, allow you to focus on your business, and let us focus on running your office and administration. Outsourcing services such as office administration and secretarial support removes the day-to-day tedium and hassle from running your business. We believe that it gives you twice as much time to focus on business success – time is money.”
The key benefits
Ability to expand or downsize
Servcorp’s Smart Office and Virtual Office products allow businesses to expand or downsize the office space as required. During economic boom times, businesses can hire more office space to accommodate increasing staff. Conversely during an economic downturn, businesses are offered the flexibility to downsize their office space as staff numbers reduce. All this movement is relatively risk free as it can be done on a monthly proposition, whereas if traditional commercial space was leased they are locked in to three-to-five year financial commitments.
Facilitate expansion into overseas markets
Smart Office and Virtual Office products make it easy for clients to expand their business into international markets. By using Servcorp’s existing infrastructure, clients can set up another office presence (Virtual Office) overseas without the massive upfront investment usually associated with overseas expansion. Alternatively, clients can take a Servcorp Serviced Office with complete flexibility and without the hassle and investment of office hardware and support (office administration staff). Plus, the network runs off the one infrastructure ensuring the systems, processes, billing and support functions are identical in all 61 locations around the world. You can grow your presence around the world and rely upon the familiarity and support you’re comfortable with.
Reduction of overheads and upfront costs
One of the key benefits of Servcorp’s product offerings is reduction of costs. For small businesses in particular, a significant upfront capital investment is required to take commercial space, secure office support staff, purchase hardware and lease office space. Servcorp’s Smart Office and Virtual Office products enable small businesses to access to all the functionality required to run a business without a commitment to ongoing overheads or an unreasonable upfront investment. They can use those funds that would otherwise be tied up in office fit outs and security deposits and put it into running and growing their business.
Excellent IT support and infrastructure
The reliability and customized services facilitated by Servcorp’s sophisticated IT infrastructure would ordinarily be beyond the reach of many small and medium sized businesses. Conversely, larger businesses are able to take a Smart Office solution without expecting a downgrade of IT support and services. Servcorp are the only Serviced Office provider who built, owns and manages their network, thus delivering a 99.8 percent uptime for all internet services, the operational level required of financial institutions. The infrastructure helped their clients in Chengdu when the earthquake decimated the city. Servcorp’s communication system was up and running within hours, where the city and other businesses struggled for weeks to restore communications. In the aftermath of the earthquake these services were offered to support organizations and other businesses to help get the city back on its feet. Communication and being able to operate online is key to today’s commercial success.
Serviced and virtual offices
Servcorp’s Smart Office offering is a physical office product, with fully furnished office space available at 61 top locations around the world. Servcorp’s Smart Office product includes access to:
Virtual Office is a service pioneered by Servcorp in 1987 and enables clients to establish a company presence with the support and infrastructure of a professional office without needing to physically take office space. Servcorp’s Virtual Office product allocates businesses all the key elements of a professional company presence including:
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