A serviced office delivers everything you need to operate your business at one convenient price. Rather than renting the space for a year or multiple years, you can enter into a short term agreement to rent for just a month, or sometimes a matter of weeks. You determine how long you need the space, what equipment and furniture may be needed to operate out of the space, and how you want to operate out of the space. The service provides everything for you, so you can simply move in and start operating.
This means you do not have to spend weeks or months shopping around for professional office space that you can afford to rent long term or purchase outright. You do not have to risk your business by going into debt purchasing luxury office space, since you can get serviced space in the most luxurious business districts. You also do not have to shell out a bunch of money on office equipment and furniture, since that is all provided to you by the serviced office provider.
You do not even have to shell out money on administrative support or IT guys, since that should be provided to you by your office servicer as well. You are handed everything you need to be successful, right down to the secretary welcoming your business guests at the front door. If you need to send a fax, the machine is always there in working order.
Now, you may have to share equipment or some forms of space in a serviced office, but consider the other conveniences you are getting. You may have to arrange for a time slot in the conference room, but once the conference starts all of your guests will be happy, comfortable and right at home. They do not even need to know that the space they are sitting in has been rented for a short period of time. You make a professional presentation and show them that you are all business.
Since the best serviced offices are located in the most prestigious business districts, you can often make more of a professional show than you could ever do on your own. You may not have the money in your business to take on the high price of renting or buying in those districts, but the price of the serviced office may be a lot more affordable. Even if you only take on the space for a short period of time to land investors or clients, it could push you ahead faster than you would grow doing business in a less classy, respectable location.
Everything is important in business, and that includes the street address on your business letterhead. Many small businesses have used serviced offices to get their businesses on a successful path, and many large businesses use these offices from time to time as well. For instance, a small business just trying to get a foot in the industry may share copiers with a large business trying to work around an overflow of employees due to unexpected growth. This is very common in the serviced office business.
Do you think this is the right opportunity for you? Think it through carefully, as this is typically a short term solution to short term problems. If it won’t fit your long term needs, it might not be your best option.