Small businesses typically face many challenges, most of which emanate from insufficient capital. One common challenge is the lack of well-equipped premises. While online business is a booming thing, especially during the covid times, a physical premise is still fundamental to building credibility and attracting new customers to your business.
Lacking adequate capital means that building business premises will be mission-impossible, and that’s where serviced offices come in handy. It typically offloads small businesses of the burden of building premises and equipping them with necessary amenities. A small business can benefit from serviced offices in the following ways:
Cut Operational Costs
It can cost up to $2,971 to construct one square meter of commercial office space in Singapore. While renting a commercial space seems like a cheaper option, small businesses can still barely afford the cost, especially for a long time. Fortunately, serviced offices provide a much more affordable option, enabling small businesses to lower their overall operational costs.
For instance, a company can choose to only rent office space for the months they can afford. They can also choose a smaller office space that is more manageable in terms of paying rent. These offices also come fully equipped with the right amenities, which would otherwise be impossible to access on a small business premise.
Enjoy Flexibility
Serviced offices are generally flexible. For instance, you can rent office space for your business from https://www.justcoglobal.com/sg/serviced-office/ for as short as one month, and afterward, move your operations elsewhere with ease. This is an excellent arrangement, especially if you run an online business that only requires physical engagements with clients once in a while. Serviced offices also come in different sizes, types, and designs, so you get to enjoy the flexibility of choosing your preferred type, depending on the nature of your business.
Access Crucial Facilities Easily
A business premise should have amenities such as printers, photocopiers, coffee makers, computers, fax machines, and many others. These facilities enhance operations by providing much-needed services in the office. However, small businesses may find it difficult to afford such amenities, especially if they have been operational for just a short while. The good news is that serviced offices come with all the necessary amenities. This means that you won’t have to go through the hassle of borrowing money to equip your office.
Build Credibility
Over 90% of consumers prefer shopping from a brick-and-mortar store. This is primarily due to the credibility of interacting with sellers one-on-one. The same thing applies to service-based companies. While it is still possible and convenient to serve customers online, your clients would like it if you had a physical office where they could visit at any time. That’s what a serviced office does for your business. It provides a space where customers can come and interact with you, making your business more credible.
Small business owners don’t need to suffer constructing or renting premises amid their financial struggles. Serviced offices provide a more convenient, reliable, flexible, and affordable option. You just need to find a reputable company that provides serviced offices to small businesses in Singapore.
