Bigger businesses can benefit too, especially if they’re looking to expand and have ambitions to operate on a global scale. Having a perceived presence in major cities really matters, with financial powerhouses such as London and Singaporestanding for credibility in the eyes of clients and investors.
It’s crucial for a company with its sights set internationally to be able to establish bases in key cities, but while a full-blown office might be too expensive, a virtual office plants a flag for your brand in the location of your choice.
What should you look for in a virtual office?
As with any business expense, if you decide to rent a business address it’s important to ensure that you’re getting the most out of your investment. As such, it’s worth carrying out some research on any potential virtual office operation you’re thinking of joining forces with.
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First, make sure you choose a virtual address space that suits your requirements. While some virtual offices might provide lots of bells and whistles, if the address isn’t going to raise the perception of your business in the eyes of customers, is it really worth your money? Instead, put the prestige of the address at the top of your list.
Listen to what other business owners have to say about your chosen virtual office provider too. Take advantage of review sites such as Trustpilot and ask around in your network of fellow professionals as well. Nothing beats a personal recommendation.
The costs of a virtual office
The costs of a virtual office can differ greatly, depending on your chosen city and provider. In terms of location, globally significant cities will cost more than regionally important ones. For example, a London virtual office space could be up to double the cost of a Manchester virtual office.
Likewise, pricing structures from virtual workspace providers can vary, so it’s important to really understand what you’re getting before you sign on the dotted line. Here at Clyde Officesa, for example, we offer a range of products to suit different budgets. This kind of approach lets you choose the level of service that’s right for you, while still ensuring you get to take advantage of a virtual address at a competitive price.
The future of the virtual office
Now we’ve taken a look at the benefits of virtual spaces for businesses, as well as what to look for when selecting your own, how does the future look for virtual working?
The opening months of 2020 have seen an explosion in the numbers of people working somewhere other than their regular place of work. It’s unexpected and it’s unprecedented, but it’s also occurring at a time when communications technology is mature enough to make it possible. As a result, many businesses, Twitter among them, are rethinking their approach to physical office space, while the advent of 5G is set to make it even easier to work remotely. More about virtual office
That means many businesses may not want to pay for expensive serviced offices in future, but they won’t want to lose the prestige of a central city location. As such, we can expect to see a further increase in popularity for virtual offices.
Additionally, as globalisation continues at pace, cities that were once smaller regional hubs are fast becoming international powerhouses. In these cities, virtual office locations will allow businesses to position themselves locally, without having to dilute workforces by placing them in ever more distant outposts.
Getting a virtual office for your business
The rise of remote and flexible working has changed the way we do business forever. On top of this, globalisation is putting extra pressure on every business to be where the money is.
Fortunately, virtual offices are the perfect response to this challenge. Your business gets to fly its flag in the best locations, you get to stay in an agile frame of mind, and you don’t have to lose sleep over expensive and impractical long-term rental agreements.
As with so many things, in office space, it looks like the future is virtual.
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