By Sarah Williams
For modern businesses, permanence isn’t everything. Traditionally, owning a company meant being tied to key locations. However, the rise of the digital nomad and the remote worker has changed it all. Now, startup ventures and smaller companies are thriving with the use of virtual and serviced workspaces.
Why lock yourself into long-term leases and high stakes overheads, when you can access all of the facilities and services that you need on a piecemeal basis? This is an approach to business at this point in time, as the startup economy is booming and techno ventures are in great demand.
To take advantage of this diverse market and make headway into the global stage, you first need to find a flexible, fully equipped workspace. Check out Servcorp’s Virtual Office and Serviced Offices to discover more about some of the facilities on offer worldwide.
This guide to maximizing the potential of flexible workspaces will give you some tips on how to make the most of a serviced office.
-Pick a great address
Serviced offices can be used by all types of businesses, but they are particularly valuable for those with smaller workforces. They are comfortable, constantly stocked and supervised, and they will provide you with access to any service or resource that you need.
As all of these services are included as part of your monthly fee, this is a very flexible and risk-free way to operate. However, if you want to maximize the potential of your workspace, make sure that you also pick a fantastic corporate location. It will look impressive on paper, appeal to clients and investors, and show the Malaysian market that you have a real presence.
-Consider transport links
For smaller teams, with a committed core of key members, easy access is essential. For instance, if you’ve only got ten employees, the likelihood is that they’re fulfilling several roles. If it isn’t easy for them to reach your chosen workspace, you risk unnecessary delays and wasted time.
Good transport links and connections are also important for clients and visitors. If you’re expanding into another country or growing an existing venture, you’ll need to meet with people who can help you achieve it. Find a serviced office that is in a relatively central location, close to city amenities and, if possible, plenty of other highly regarded companies.
-Plan for the future
One of the wonderful things about working from a serviced office is that you can opt for a short, fully negotiable lease. These facilities are designed to allow for maximum flexibility so occupants can adapt and make changes when necessary. It is a big advantage because traditional office leases tend to lock companies into a two-to-five-year contract.
Under these circumstances, if you decide you want to upgrade or downsize, in response to economic shifts or market trends, you may have to wait until the lease is finished. On the other hand, with a serviced office lease, terms are negotiable from month to month (or every six months). You can add, drop, or modify the services that are included as part of your workplace package.
Why serviced and virtual office solutions are the future
The future of the corporate world clearly lies with greater flexibility and agility. The unstoppable rise of the modern startup is proving this. It is no longer about carving out a physical empire. Companies survive and thrive by making their assets mobile and giving themselves the breathing room for change. This is something that serviced offices are great for because they give businesses the freedom to operate on their own terms.
Author Bio: Sarah Williams is a Malaysian business consultant. She takes a keen interest in the business structures. She has recently been working with Servcorp to help deliver tailored solutions to local businesses. The services she is offering to local businesses can be found here: http://www.servcorp.com.my/en/