Whenever you are running a business, one major consideration is a suitable office space for the business.
The right kind of office space offers so much more in moving your business forward.
You can decide to buy an office right away when you start your business operations.
Or you can simply rent a serviced office space instead of buying one.
There are advantages associated with each of the two options available to you as a business owner.
In this article we discuss why you might want to consider renting a serviced office space for your business over having to purchase one outright.
1.
You Save Money The first reason why renting an office accommodation is better than buying is that you save money.
It may sound and appear all good to know that you have purchased a property for your business.
However, if you are just starting a small-scale business or even a medium one, or even relocating, going out to buy a property is quite expensive these days and only a few businesses are able to purchase their own property.
If you rent, you save lots of money in the short-term as well as long-term.
2.
Convenience and More Time To Build Your Business When you are starting a business one of the last things you want is to be moving around town having to deal with support services such as cleaning companies, security companies and maintenance people.
You will have to do all these if you are owner of the property.
A serviced office accommodation comes with these support services already in place.
Cleaning the office, manned and electronic security services, maintenance of the property and such others are already provided by the property owner.
Even in most cases, there is a staffed reception trained to take and relay your telephone calls to your office.
Better still, more and more serviced office properties have a photocopy and printing area for the entire building.
Also, there are cafes and lunch facilities for staff, and meeting and conference rooms available when you need them.
You never have to add any of these worries to your daily routines because they are already included in the monthly rent you pay.
3.
Flexibility In Relocation Owning a property especially for business purposes, comes with a lot of legal commitments.
Flexibility is very important in any business.
If you buy a property, your business is not as flexible in terms of relocation as it would if you rented.
If the area you are renting the office becomes less favorable for business, you can always end the contract with the property owner and look for a more 'business friendly' area and relocate.
Whereas if you owned the property and that is the only property you have, a negative turn in events for the area your business i located could mean less business.
This can eventually lead to your business collapsing.
4.
Image Is Everything A strong corporate business image is very important in this competitive business world of today.
Having a prestigious business address or location conveys a lot to your potential customers, employees and partners which can boost business immensely.
A good business address even impacts on employee productivity.
If you were to purchase a small office and even have all the support services discussed above available, it does very little to your business image when compared to what a high-class serviced corporate office location can do.
Picking a serviced office accommodation for rent is a great choice for your business especially if the business is new.
You cut down on costs and you can invest the extra money into other areas of the business.
Overall, renting a furnished office is always better for your business both in the short- and long-term.